The Eurasian Development Bank (EDB) has provided US$20mn pre-export finance to a Kazakh, Kyrgyz and Russian uranium joint venture.

The three-year facility will be used to supply uranium from the Zarechnoye project in southern Kazakhstan. The offtakers are the Rosatom State Corporation (Russia), Kazatomprom (Kazakhstan) and the Renova group of companies (Kyrgyzstan).

It’s the second injection of capital the EDB has made in the Zarechnoye deposit. In 2007, it provided US$63mn for the mine’s industrial development.