Kazatomprom is the world’s largest producer of natural uranium with priority access to one of the world’s largest resource bases. National Wealth Fund Samruk-Kazyna JSC owns 85% of the share capital of NAC Kazatomprom JSC, 15% are in free circulation at the Astana International Exchange and London Stock Exchange.
The Company enjoys the status as Kazakhstan’s national operator for the export and import of uranium and its compounds, nuclear power plant fuel, special equipment and technologies. This status allows the Group to benefit from certain privileges, including, among other things, obtaining subsoil use agreements through direct negotiation with the Government of the Republic of Kazakhstan which effectively grants Kazatomprom priority access to the high-quality in-situ recovery (“ISR”)-conducive deposits of natural uranium, which are abundant in the Republic of Kazakhstan.
The Group benefits from the largest reserve base in the industry, with attributable uranium reserves of just under 300 ktU.
All of the Group’s uranium deposits are suitable for cost-efficient and least environmentally impactful “ISR” mining method, which combined with a long-life mining asset base allow Kazatomprom to remain among the leading and the lowest cost uranium producers globally.
Kazatomprom has transitioned to a market-centric production and sales strategy shifting away from a focus on volume, to a focus on value.
A method of in-situ recovery
Kazatomprom is led by a strong and experienced management team with sound governance practices and a proven track-record to effectively run production operations.
The Board of Directors includes three highly regarded independent directors (including the Independent Chairman of the Board) with extensive international experience in the uranium and broader nuclear industry.