Japan Still Plans to Purchase Kazatomprom Uranium

Bloomberg reported Kazatomprom said its Japanese customers will take delivery of the fuel they agreed to buy despite recent shutdowns of nuclear energy plants.

As quoted in the market news:

The supply contracts with Japan haven’t changed, Chief Executive Officer Vladimir Shkolnik told reporters in Almaty, Kazakhstan, today without identifying the buyers.

Kazakhstan said in October it planned to start commercial sales of uranium to Japan in 2012, a year after a record earthquake and tsunami caused a meltdown at Tokyo Electric Power Co. (9501)’s Fukushima Dai-Ichi plant. All but two of Japan’s 54 nuclear reactors are idled either for scheduled maintenance or because of damage from the March 11 disasters, with the government yet to win public support for their restart.

Click here to read the full Bloomberg report.