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Uzbekistan, Japan agree on joint uranium exploration

© RIA Novosti . Sergey Pyatakov / Go to the mediabankUranium ore mining
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Uzbekistan and Japan have signed an agreement on the joint exploration of uranium deposits, a source in the Central Asian republic said.

TASHKENT, June 18 (RIA Novosti) - Uzbekistan and Japan have signed an agreement on the joint exploration of uranium deposits, a source in the Central Asian republic said.

The agreement was signed on Wednesday between the Uzbek State Committee for Geology and Mineral Resources and the Japan Oil, Gas and Metals National Corporation.

"The Japanese side will invest about $500,000 this year in the project in the Navoi region [central Uzbekistan]. The project is expected to be completed in March 2010," the source said.

The parties are expected to split equally the potential profits, the source said.

Uzbekistan has the world's seventh largest uranium reserves and is the fifth biggest uranium producer. 40 uranium fields have so far been explored in the Central Asian republic.

 

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