Israel buys a Kazakhstan uranium company

An Israeli company has been licensed by President of Kazakhstan Nursultan Nazarbayev to buy the biggest company for uranium production in Kazakhstan.

Chairman of the Africa-Israel Investment Company Limited Lev Levayev met with the Kazakhstani President Nazarbayev and high-ranking officials in Astana, the capital of this former Soviet Republic, to discuss measures to buy the Kazakhstan's Tselinny Gorno-Khimicheskii Kombinat (TGK).

Levaieve said that he reached an understanding with officials at the Kazakhstan's government to buy the whole company which is considered the biggest uranium-producing company in the country.