According to Canadian government, one of the its companies will benefit from the agreement with Kazakhstan is Cameco Corporation (Cameco).
Cameco owns 6% of a venture, which operates the Inkai uranium deposit in Kazakhstan.
“Once implemented, this agreement will allow us to expand our role and presence in the country and develop partnerships that will allow Cameco and Kazatomprom to work together on opportunities to convert uranium,” said Gerald Grandey, Cameco’s chief executive.
According to Day, Canada expects to expand its role in Kazakhstan’s oil, gas industries, as well as in the service of pipeline equipment.
Around 10% of the world’s nuclear reactor market is controled by Canada and its nuclear energy industry exports around CAD1.2 billion worth of products and services a year.
Canadian government said the agreement with Kazakhstan would make sure that all nuclear material, equipment and technology from Canada would be used for peaceful purposes only.
