A South Korean state-run firm Korea Resources Corporation (KORES) has signed a memorandum of understanding to import annually some 400 tonnes of uranium from Niger, its chief said on Thursday.
"We have signed with Niger's mines ministry, a memorandum of understanding to supply from 2010 more than 400 tonnes of uranium per year from Niger," Kim Shin-Jong, KORES president said on state television.
Details of the deal were not disclosed.
"We have come to Niger because of the quality of its uranium. We promise to be trusted partners who keep their word," he said after talks with Niger President Mamadou Tandja.
KORES is a public Korean company investing in uranium and copper mines in Africa and South America.
The west African state on the edge of the Sahara is the world's third largest producer of uranium.
The French company Areva has mined uranium in Niger for the past 40 years.
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