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Three prominent Uranium mines fall under government management following nationalization

_{Joint ventures JV KATCO LLP and Nurlikum Mining LLC officially dissolve following nationalization of Kazakhstan based Moinkum B1S, Moinkum B2 and Uzbekistan based Djengeldi uranium mines. The three particularly high volume mines are now managed directly by the respective national uranium operators for both territories Kazatomprom and Navoi Mining and Metallurgy Combinat on behalf of state run nuclear resources conglomerate Turanium until further notice. The action was taken following reviews of French nuclear production company Orano SC’s shares in the Turani uranium industry following France’s aggression towards the Republic of Maghreb, with which the administration has had cordial relations and recent embargos targeting the Union-State of Islamic Nations, a major ally since the foundation of Turan. The review staff concluded:}

Orano SC’s 51% ownership of the two ventures results in France being the only country with an overall majority stake in the mines they operate in Turan.

Moinkum B1S and B2 are the two most profitable mines in Turan and the 5th largest uranium producing mine in the world.

The Djengeldi mines are the most profitable in the Uzbekistan region.

Orano SC is the only foreign entity with stakes in the Uzbek uranium mining sector.

_{After suggestion by the review team, the ventures were dissolved as legal entities in a campaign to diversify stakes in the mines and ensure majority ownership by local entities. Countries will be allowed to bid for a minority share in future joint ventures to replace KATCO and Nurlikum Mining in their respective mines, granted those countries will not go above 50% ownership of their combined ventures in Turan if their bid is successful. Turanium clarified that Orano SC will not be barred from the bidding process but reserve all right to reject any bid for any reason.}