Japanese Itochu Acquires Minority Stake in Uzbekistan Uranium Mining Project

Itochu Corporation, a Japanese trading company, has acquired a minority stake in a uranium mining project in Uzbekistan. The South Djengeldi project, a joint venture between Orano and Navoiyuran, is expected to see an increase in demand. The agreement was announced by Orano, highlighting that the South Djengeldi project will be integrated into the existing industrial infrastructure of Navoiyuran, which will operate the project.

This development marks Itochu’s entry into the venture and adds a new partner from Japan to the project. The investment in the uranium mine underscores the anticipated higher demand in the sector. Details of the agreement, including the exact stake acquired by Itochu, were not disclosed. The collaboration between Orano and Navoiyuran lays the groundwork for the industrial development of the South Djengeldi uranium mining project under the Nurlikum Mining joint venture.