Kazakhstan to host first IAEA-managed nuclear fuel bank

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The International Atomic Energy Agency (IAEA) and Kazakhstan signed an agreement on Thursday to locate the world's first bank of low-enriched uranium (LEU) in the ex-Soviet nation to ensure fuel supplies for nuclear power stations and encourage nuclear non-proliferation. The bank, containing the raw material for making fuel for nuclear power plants, will be built in Ust-Kamenogorsk in northeastern Kazakhstan. It will be governed by Kazakhstan's laws but will be fully managed and operated by the IAEA.

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