You're reading: Official says China Nuclear Corporation, Nuclear Fuel discuss $600 million investment in uranium production in Ukraine

China Nuclear Energy Industry Corporation and Ukrainian concern Nuclear Fuel are discussing $600 million investment in uranium mining in Kirovohrad region, Head of Sumy Regional State Administration Mykola Klochko has said following his visit to China.

“Nuclear Fuel cooperates with China Nuclear Energy Industry Corporation in attracting investment in the amount of about $600 million for joint uranium production in Kirovohrad region,” the press service of Sumy Regional State Administration said.

As reported, in July 2015 Nuclear Fuel and China Nuclear Energy Industry Corporation (CNEIC) signed a memorandum on cooperation in the field of a nuclear fuel cycle.