Daily BriefsEnergy & Materials Sector

Daily Brief Energy/Materials: NAC Kazatomprom JSC and more

In today’s briefing:

  • Kazatomprom (KAP LI): Revelation Of A Silent Uranium Deal

Kazatomprom (KAP LI): Revelation Of A Silent Uranium Deal

By Mohit Surana

  • The Kazakh government silently allowed Russia to buy 49% stake in JV Budenovskoye sometime in 2021-H2.
  • Kazatomprom owned 51% in the JV, but the deal was not properly disclosed in Kazatomprom reports.
  • Many company officials resigned since the deal fearing breach of legal duty on disclosure.

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