Japan's Toshiba Corp said Monday that it had acquired a stake in a uranium mine project in Kazakhstan as part of efforts to develop its nuclear power plant business.
The announcement came just a week after Toshiba said it had agreed to sell 10 percent of US nuclear power plant maker Westinghouse Electric to Kazakhstan's state-run energy company Kazatomprom for 540 million dollars.
Toshiba said it would take a 22.5 percent stake in a holding company that has part ownership of two companies involved in a uranium mine project in southern Kazakhstan that is promoted by Kazatomprom. The financial terms were not disclosed.