PARIS--(BUSINESS WIRE)--Regulatory News:
The General Meeting of founders took place on December 3, 2019 in Tashkent, Uzbekistan, in the presence of representatives from the State Committee on Geology and Mineral resources (GosComGeology) and Orano, formalizing therefore the creation of a joint venture.
The Uzbek-French joint venture is named “Nurlikum Mining” LLC, with 51% held by Orano and 49% held by GosComGeology. Located in Tashkent, Nurlikum Mining will operate mineral exploration and mining activities in the country, in particular in the Djengeldi areas at the heart of the uranium-rich province of Kyzylkum.
This major accomplishment occurred following the signature of a strategic partnership agreement with the Uzbek State, represented by the State Committee on Geology and Mineral resources on September 4, 2019.
This concretizes the willingness of the founders to build a strong and trustful partnership to work together on uranium mining projects in Uzbekistan. Once the exploration permits will be granted, the first works in the field are planned to commence in the first half of 2020.
Orano transforms nuclear materials so that they can be used to support the development of society, first and foremost in the field of energy.
The group offers products and services with high added value throughout the entire nuclear fuel cycle, from raw materials to waste treatment. Its activities, from extraction to dismantling, as well as conversion, enrichment, recycling, logistics and engineering, contribute to the production of low-carbon electricity.
Orano and its 16,000 employees bring to bear their expertise and their mastery of cutting-edge technology, as well as their permanent search for innovation and unwavering dedication to safety, to serve their customers in France and abroad.
Orano, giving nuclear energy its full value.
State Committee of the Republic of Uzbekistan on Geology and Mineral resources (GosComGeology) coordinates and provides geological exploration of minerals, fulfillment of tasks for increasing reserves of precious, non-ferrous, ferrous, uranium RM, REE and hydromineral resources, formation of geological database, strengthening and expansion of Uzbekistan mineral-raw materials. GosComGeology carries out the rights and duties of the owner for geological and other information about the subsoil, obtained by the results of exploration.