The Financial Times reported on October 15 that Kazatomprom will sell off a 25 percent stake through an instrument called depository receipts. Rather than selling stock to investors directly, Kazatomprom will rely on a depositary bank that will hold the asset while selling certificates. No timeline has been provided for when the listing might occur. Uranium is on something of a high at the moment, having risen by 30 percent, to $27.40 per pound, since April, according to the FT report. This marks a return to health for uranium, which has suffered from reduced demand since Japan’s Fukushima accident in 2011. A key factor in reviving prices has been the contraction in production among major producers, including Kazatomprom, on paper at least. The company, which is the largest producer of uranium in the world, said it reduced output by 10 percent last year and then followed up by contracting […]