Kazatomprom hosted a visiting assembly of the Ecology and Pure Assets 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 Power of the Republic of Kazakhstan and different authorities our bodies attended the occasion.

Contributors bought acquainted with the exposition on ecology and security, the most recent achievements of the nuclear {industry} and the principle 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 vitality performs an vital function in attaining decarbonization objectives. On the identical time, he emphasised that Kazatomprom strictly complies with all worldwide requirements and adheres to the rules of sustainable growth proclaimed by the UN.

Kazatomprom had fulfilled all manufacturing and monetary indicators for 2023. The сompany additionally reported on funding tasks, 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 entire 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 tasks, and over the past three years – KZT 2.4 billion. In 2024, Kazatomprom will proceed to put money into social tasks, 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. Web revenue amounted to about KZT 580 billion.

Concerning the implementation of the President’s messages , it was famous that the corporate has had a Native Undertaking Workplace for Import Substitution, which embody the consideration of tasks for the creation of latest manufacturing services and assist 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 likely one of the precedence objectives 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 with the intention to establish new promising areas.

The corporate pays nice consideration to the event of science. Funding of research 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 accepted the Program of scientific and technological growth within the area of uncommon and uncommon earth metals, creation of latest sorts of merchandise and enchancment of applied sciences for the related extraction of helpful precious parts at Kazatomprom enterprises for the group of high-tech manufacturing in 2022-2029.

One of many vital areas of Kazatomprom’s work is creation of a home mineral useful resource base to assist 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 obtained, 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.

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