Top uranium miner Kazatomprom sells its solar power business
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The world’s top uranium miner Kazatomprom (LSE: KAP) today announced an auction for the sale of 100% of its shares in the authorized capital of KazSilicon, Astana Solar and Kazakhstan Solar Silicon.
The companies announced for sale represent Kazatomprom’s alternative energy sources business segment and involved in production of photovoltaic modules, production of silicon of solar quality, silicon slices and photovoltaic slices.
The alternative energy assets were classified as held for sale as at 31 December 2019, as Kazatomprom was planning to focus on its core business segments, uranium production and nuclear fuel cycle.
Kazatomprom is the world’s largest producer of uranium, with the company’s attributable production representing approximately 24% of global primary uranium production in 2019. The group benefits from the largest reserve base in the industry and operates, through its subsidiaries, joint ventures and associates, 26 deposits grouped into 14 mining assets, all located in Kazakhstan.
Source : kitco
