Cameco (TSX:CCO,NYSE:CCJ) said on Thursday (January 2) that it has learned of a production halt at JV Inkai. Kazatomprom (LSE:KAP,OTC Pink:NATKY), the company's partner at the site, said JV Inkai was unable to obtain an extension for submitting updated Uranium Deposit Development documentation.

Uranium stocks are rising on Thursday after Canadian producer Cameco said output from its Inkai joint venture in Kazakhstan was unexpectedly halted.

Cameco’s (TSX: CCO; NYSE: CCJ) Inkai joint venture project in Kazakhstan has suspended uranium production because of a bureaucratic holdup, the Canadian producer said Thursday.

Cameco (NYSE:CCJ) said Thursday that controlling partner Kazatomprom has suspended production activity at the Inkai joint venture in Kazakhstan, citing the failure to receive an extension for submitting an updated Project for Uranium Deposit Development documentation from the government.

Canadian uranium producer Cameco ( CCOTO ) ( CCJ) says it’s “disappointed and surprised” by a production halt on New Year’s Day at a mine jointly owned with Kazakhstan's national atomic company.

Cameco Corp. kicked off the new year with a surprise for its investors: Its joint-venture mine in Kazakhstan suspended production without warning. “We are disappointed and surprised by this unexpected suspension and we will be seeking further clarification on how this transpired,