Japan firms, Kazatomprom tie on nuclear fuel-paper
TOKYO, Dec 26 (Reuters) - Japanese utility Kansai Electric Power Co (9503.T: Quote, Profile, Research, Stock Buzz) and trading house Sumitomo Corp (8053.T: Quote, Profile, Research, Stock Buzz) will join with state-owned Kazakh nuclear firm Kazatomprom to process uranium into nuclear fuel, the Nikkei business daily said on Wednesday.
The two Japanese companies, which are seeking to secure a stable supply of nuclear fuel, will sign an agreement with Kazatomprom in Kazakhstan on Wednesday, it said.
Kazakhstan is home to a fifth of global uranium reserves and wants to become the world's top producer by 2010, surpassing Australia and China. (Reporting by Edwina Gibbs; Editing by Mike Miller)
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