Business news from Ukraine

SKHIDNY MINING, CHINA’S CNEIC DISCUSS COOPERATION IN DEVELOPING NOVOKOSTIANTYNIVSKE URANIUM FIELD

10 November , 2015  

KYIV. Nov 10 (Interfax-Ukraine) – Skhidny Mining state enterprise (Zhovti Vody, Dnipropetrovsk region) and representatives of China Nuclear Energy Industry Corporation (CNEIC) have discussed prospects of cooperation in the realization of the investment project on developing the Novokostiantynivske uranium field, the press service of Skhidny Mining has reported.

The press service said that representatives of the Chinese corporation visited the enterprise at the end of October.

“The discussion of ways to realize the project on developing the Novokostiantynivske field and the possibility of signing the agreement of cooperation was continued by the representatives of the Chines delegation on October 30 at a meeting in Nuclear Fuel state enterprise,” the company said.

As reported, Skhidny Mining saw a 0.4% rise in uranium concentrate production in 2014, to 925.7 tonnes.

Skhidny Mining is the only uranium ore producer in Ukraine and the largest one in Europe. The annual demand of the Ukrainian nuclear power industry for uranium totals 2,400 tonnes, and in 2015 the company plans to produce 1,200 tonnes.