Kazatomprom Shareholders Block Russian Uranium Deal, Approve Chinese Sale

Kazatomprom Shareholders Block Russian Uranium Deal, Approve Chinese Sale

Almost 189.3 million votes separated shareholder support for two uranium contracts proposed by Kazatomprom, leaving a Russian buyer without approval while a Chinese counterparty secured authorization. The Russian agreement with Uranium One Group received 12,248,357 votes in favor, equal to 5.39% of shares represented at the meeting. Another 14,261,586 votes, or 6.27%, were opposed. The […]

Kazakhstan approves uranium deal with China, declines supply agreement for Russia

Kazatomprom approved a deal to sell uranium to a Chinese company; shareholders did not support the sale to Russian-owned Uranium One Group.

Kazatomprom shareholders approve China uranium sale

Absentee ballots closed Oct. 6; the Oct. 7 results showed shareholders approved the SNURDC transaction but did not approve the Uranium One proposal.