Australian Company to Develop Uranium Deposit in Kazakhstan
Wikimedia Commons / Public Domain
Australian company C29 Metals has received a Category 2 environmental permit for uranium exploration in the Jambyl region. This will allow it to begin drilling test wells near the Aqsueq settlement, Orda.kz reports.
C29 Metals has reached a decisive negotiation stage with JSC Volkovgeologiya, a Kazatomprom subsidiary, and is ready to begin operations on the proposed uranium deposit. It is already negotiating with an independent contractor who will drill the wells.
The company noted that the initial strategic drilling program will be short-term. C29 Metals will only examine a few areas up to 500 meters deep in specific locations to test for mineralization.
The site is located approximately 15 kilometers from the Bota-Burum uranium deposit, one of the largest in the post-Soviet space, with an estimated potential of 20,000 tons of uranium. Uranium has been mined near Aqsueq since 1956.
The private company C29 Metals is registered in Astana, but its management and board of directors are Australian specialists.
The CEO is James Philip Myers. C29 Metals has a subsidiary company, Ulytau Resources, led by a Kazakhstani specialist. It will likely formally develop uranium deposits in the Jambyl region.
Original Author: Nikita Drobny
Latest news
- Orda.kz Editorial Team to Cease Operations on September 1
- The Price of a Degree: How Students in Kazakhstan Pay for University
- Second Przewalski’s Horse Foal Born as Species Returns to Kazakhstan
- Kazakh Mining Companies Can Recalculate Purchases if Tenge Weakens
- Kazakhstan Names First Vice President in Three Decades
- What Almaty’s Bus Shelters Are Missing
- 400-Truck Queue Builds at Kazakh–Kyrgyz Border
- Kazakhstan Ready to Help Feed and Rebuild Gaza
- Tokayev Establishes New Presidential Security Body
- Almaty Takes Back Its Nearly Century-Old Hippodrome
- No More Guesswork on Savings: Kazakhstan Tightens Energy Audits for Businesses
- Public Money Could Be Used to Rescue Failing Kazakh Banks
- Third Kazakh Woman Reported Missing in Nepal-China Flood Zone
- Falconer Convicted Over 35 Protected Birds, Spared Punishment Under Amnesty
- Kazakh Citizen Detained in Yakutia in Phone Fraud Case
- Yuan Instead of Dollars? KazMunayGas Draws Record Demand in Asia
- China Gains Oil-Market Influence as OPEC+ Weakens
- Kazakhstan to Divide Smartphones Into White, Gray and Black Lists
- Kazakhstan’s Government Formally Resigns as First Kurultai Session Opens
- Rare Lynx Sighting Recorded in Northern Kazakhstan
