Uzbekistan, JOGMEC Sign Uranium Agreement

RiaNovosti reported Uzbekistan and Japan Oil, Gas and Metals National Corporation (JOGMEC) intend to sign a production-sharing agreement to jointly explore and develop uranium deposits.

As quoted in the market news:

The PSA to explore and develop uranium mines in central Uzbekistan’s Navoiy province may be signed in early 2013 and put into effect in the first quarter next year.

In 2009, the Uzbek Committee for Geology and Mineral Resources and JOGMEC signed an agreement on joint exploration of uranium at the promising Darvazin, Jurgantau and Northern-Tamdytau sites in the central Kyzyl-Kum region.

Click here to read the full RiaNovosti report.