Cameco and Kazatomprom Sign Agreement to Restructure JV Inkai

Cameco and Kazatomprom Sign Agreement to Restructure JV Inkai

On May 27th 2016, Cameco and Kazatomprom signed an agreement at the Foreign Investors Council (FIC) meeting in Astana, to announce the restructuring of the Inkai joint venture. The purpose of the restructuring is to better align JV Inkai with the objectives of both joint venture partners. The agreement provides a clear roadmap to achieve sustained production at JV Inkai through the year 2045.

Inkai will continue as the operator of the Inkai mine with its own board and management.