Japan, Kazakhstan to boost ties via energy, resource development

March 25. The Japan Times

Japan, Kazakhstan to boost ties via energy, resource developmentPrime Minister Yukio Hatoyama and Kazakh Foreign Minister Kanat Saudabayev have agreed to promote bilateral cooperation in natural resources development and nuclear power technology, the Foreign Ministry said.

In a 30-minute meeting Tuesday, Hatoyama was quoted as saying that promoting cooperation between resource-poor Japan and resource-rich Kazakhstan would benefit both countries.

Saudabayev agreed that it would be beneficial for his country to team up with Japan, which boasts cutting-edge science and technology. He said he expects the entry of more Japanese companies into Kazakhstan in the energy resource development sector, including nuclear power.

The two also confirmed they would work to ensure that a bilateral nuclear supply deal forged earlier this month will take effect at an early date.

The deal will enable Japan to secure a stable supply of uranium from the world’s second-largest reserve holder.


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Kazakhstan plans to capture 40% of Japan’s uranium market

March 24. RIA Novosti. TOKYO

Kazakhstan is planning to boost its uranium exports to Japan and increase its share on the Japanese uranium market from the current 4% to 40%, the Kazakh foreign minister said on Wednesday.

Kanat Saudabayev said in an interview with Japan’s Nikkei news agency that the basic principles and areas of bilateral cooperation in civilian nuclear power engineering were defined in an intergovernmental agreement signed between the two countries in Tokyo on March 2, 2010.

“It [the agreement] allows for the expansion of the sphere of interaction. In particular, Kazakhstan is interested in obtaining nuclear power technologies from Japan,” he said.

A package of documents signed between Kazatomprom, Kazakhstan’s national operator for the import and export of uranium, and Japanese companies stipulated broader cooperation in the nuclear fuel cycle, he said.

“The implementation of these accords will make it possible in coming years to increase the share of Kazakh uranium products on the Japanese market from 3-4% to 40%, of which about 30% will be highly processed products,” he said.


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Joint Kazakh-Japanese enterprise on production of rare and rare-earth metals established


“Kazatomprom” National Atomic Company and “Sumitomo Corporation” Japanese Company signed document of establishment of joint enterprise “Summit Atom Rate Earth Company” (SARECO) that will work in the field of rare and rare-earth metals, Kazinform refers to the press service of Kazatomprom.

The establishment of the SARECO is a practical realization of instructions of the Kazakh President given upon the results of the visit to Japan in 2008.

The signing ceremony was held in Tokyo in the Japanese Ministry of Economy, Trade and Industry. From the Kazakh side the documents was signed by Chairman of the board of Kazatomprom Vladimir Shkolnik, from the Japanese side – by President of  “Sumitomo Corporation” Susumu Kato. Kazakh Secretary of State – Foreign Minister Kanat Saudabayev and Japanese Minister of Economy, Trade and Industry Masayuki Naoshima took part in the ceremony.

“Kazatomprom” National Company” JSC will posses 51% rate in the established JV, Sumitomo Corporation – 49%. The head office of the SARECO will be located in Ust-Kamenogorsk (Kazakhstan).

The main purpose of the joint enterprise will be establishment of a vertically integrated company for production of rare-earth products with high added value.

The enterprise will export and sales of goods as well. The SARECO is expected to start functioning in June, 2010.