Recent arrests and scandals surrounding Kazatomprom has had a detrimental effect on t

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    • Jan 2009
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    Recent arrests and scandals surrounding Kazatomprom has had a detrimental effect on t

    http://www.companiesandmarkets.com/S...009-163498.asp The arrest in May 2009 of Mukhtar Dzhakishev, the long-serving head of Kazatomprom, cast a shadow over the foreign companies that have dealt with the company in recent years. As accusations of illegal sales of uranium deposits were being reported, Canadian mining firm Uranium One saw its shares plunge 38% as the announcement of an investigation by Kazakhstan into past uranium sales was made. The company explained it was working with Kazakhstan authorities on their investigation. One deal in with which Uranium One may be associated was the sale of a 30% stake in the uranium mine in Khorasan. Though

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