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Kazatomprom offered the prospects for additional growth of Kazakhstan’s uranium {industry} to MPs – Blockchain Information Website

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Kazatomprom hosted a visiting assembly of the Ecology and Pure Sources Administration Committee of the Mazhilis of Kazakhstan’s Parliament on the subject “Issues and prospects for the development of the uranium industry”. Members of the Mazhilis, Kazatomprom’s administration, representatives of the Ministry of Vitality of the Republic of Kazakhstan and different authorities our bodies attended the occasion.

Members received acquainted with the exposition on ecology and security, the newest achievements of the nuclear {industry} and the primary levels of the nuclear gasoline cycle – from uranium mining to the manufacture of gasoline assemblies.

The Chairman of the Mazhilis Committee, Yedil Zhanbyrshin famous that nuclear power performs an essential function in reaching decarbonization targets. On the similar time, he emphasised that Kazatomprom strictly complies with all worldwide requirements and adheres to the ideas of sustainable growth proclaimed by the UN.

Kazatomprom had fulfilled all manufacturing and monetary indicators for 2023. The сompany additionally reported on funding initiatives, the implementation of the water sources administration technique and the scientific and technological growth program within the area of uncommon and uncommon earth metals, ongoing work on sustainable growth and different areas of the сompany’s actions.

“Kazatomprom has the largest uranium reserve base in the industry – 300,000 tons – and is a world leader not only in the production, but also in the sale of uranium. Since its IPO, the company’s market capitalization has increased from $3 billion to $12 billion. By representing Kazakhstan on the international stage, the nuclear holding contributes to the development of the country’s investment climate and increasing its recognition among investors. We will continue to make every effort to increase the efficiency of the company’s activities and develop the nuclear industry in Kazakhstan”, mentioned Meirzhan Yussupov, the CEO of Kazatomprom.

Kazatomprom makes use of the most secure and most environmentally pleasant methodology of uranium mining – in-situ restoration. The corporate invests vital funds in environmental safety and the implementation of occupational well being and security applications. In 2023, the overall bills for environmental safety measures amounted to KZT 1.3 billion and about KZT 12.5 billion – for occupational well being, fireplace and industrial security applications.

The corporate emphasizes the significance of the event of areas and their infrastructure. In 2023, over KZT 580 million had been allotted for socially vital initiatives, and over the past three years – KZT 2.4 billion. In 2024, Kazatomprom will proceed to put money into social initiatives, growth and well-being of native residents.

In 2023, there was a ten% enhance within the nuclear holding’s gross sales volumes in comparison with 2022 and amounted to 18,000 tons, with the income of KZT 1.4 trillion. Internet revenue amounted to about KZT 580 billion.

Relating to the implementation of the President’s messages , it was famous that the corporate has had a Native Undertaking Workplace for Import Substitution, which embrace the consideration of initiatives for the creation of latest manufacturing services and help of home producers. In 2023, Kazatomprom’s subsidiaries and associates entered into 50 offtake contracts  for a complete of KZT 1.2 billion.

Replenishment of the mineral useful resource base is without doubt one of the precedence targets of the nuclear holding. As a part of the exploration program on replenishment of the uranium mineral useful resource base, Kazatomprom is finishing up geological exploration in Turkestan and Kyzylorda areas in an effort to establish new promising areas.

The corporate pays nice consideration to the event of science. Funding of analysis and growth work will increase yearly. In 2023, the quantity of financing inside the framework of 1% of license and contract obligations amounted to KZT 2.89 billion.

Along with its core actions associated to the manufacturing of uranium merchandise, Kazatomprom sees prospects for the efficient growth of the uncommon and uncommon earth metals industries. In February 2023, Kazatomprom’s Board of Administrators permitted the Program of scientific and technological growth within the area of uncommon and uncommon earth metals, creation of latest forms of merchandise and enchancment of applied sciences for the related extraction of helpful worthwhile parts at Kazatomprom enterprises for the group of high-tech manufacturing in 2022-2029.

One of many essential areas of Kazatomprom’s work is creation of a home mineral useful resource base to help the Ulba Metallurgical Plant’s tantalum, niobium and beryllium productions. Thus, in March 2023, a license for exploration of stable minerals on the blocks of Higher Irgiz tantalum deposit was acquired, and in March 2024 a license for exploration of stable minerals on the blocks of Karadzhal tantalum deposit.

Summing up the assembly, Yedil Zhanbyrshin emphasised that the Mazhilis Committee is open to joint work and proposals aimed toward additional growth of the nuclear {industry} of Kazakhstan.

For extra particulars, please contact:

Public Relations and Media Inquiries

Askar Atagulin, Director, Public Relations

Tel.: +7 7172 45 80 63

Electronic mail: pr@kazatomprom.kz  

Investor Relations Inquiries

Botagoz Muldagaliyeva, Director, Investor Relations

Tel.: +7 7172 45 81 80 / 69

Electronic mail: ir@kazatomprom.kz  

About Kazatomprom

Kazatomprom is the world’s largest producer of uranium, with the Firm’s attributable manufacturing representing roughly 20% of worldwide main uranium manufacturing in 2023. The Group advantages from the most important reserve base within the {industry} and operates, by means of its subsidiaries, JVs and Associates, 26 deposits grouped into 14 mining belongings. The entire Firm’s mining operations are situated in Kazakhstan and extract uranium utilizing ISR expertise with a give attention to sustaining industry-leading well being, security and environmental requirements (ISO 45001 and ISO 14001 compliant).

Kazatomprom securities are listed on the London Inventory Trade, Astana Worldwide Trade, and Kazakhstan Inventory Trade. Because the nationwide atomic firm within the Republic of Kazakhstan, the Group’s main prospects are operators of nuclear technology capability, and the principal export markets for the Group’s merchandise are China, South and Japanese Asia, Europe and North America. The Group sells uranium and uranium merchandise below long-term contracts, short-term contracts, in addition to within the spot market, immediately from its headquarters in Astana, Kazakhstan, and thru its Switzerland-based buying and selling subsidiary, Commerce Home KazakAtom AG (THK).

For extra data, please see the Firm web site at www.kazatomprom.kz.

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