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By: Mari Iwata
Dow Jones
(November 13, 2007)
Japanese firms can afford to wait for uranium prices to fall before buying fresh stakes in uranium mines owing to a run of deals in resource-rich Kazakhstan, said a senior government official.
"Japan has secured (the equivalent of) 30%-40% of its annual uranium imports just from its Kazakh stake buys," said Harufumi Mochizuki, director-general of the Agency for Natural Resources and Energy, a unit of the Ministry of Economy, Trade and Industry.
Kazakhstan holds the world's second-largest reserves of uranium, a key fuel in the generation of nuclear power.
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