2015

Kazatomprom implements a program of business transformation

Whole year

More than 23 800 tons of uranium was produced by the companies within the system of the holding JSC "NAC "Kazatomprom ",  which allowed the national atomic company of Kazakhstan to maintain a leading position in the world in uranium production.

During the year, JSC "NAC "Kazatomprom" made a strategically important agreements for nuclear industry in Kazakhstan:

- with Chinese CGNPC on commercial terms for the design and construction of a plant for the production of fuel assemblies in Kazakhstan. The document provides for the establishment of production of fuel assemblies for nuclear power plants of China on the basis of "Ulba Metallurgical Plant" with a production capacity of 200 tons per year.

- with French "Électricité de France"(EDF) for the supply of 4,500 tons of natural uranium concentrate in the period from 2021 to 2025 years.

- with the Government of India for the supply of 5000 tons of Kazakh uranium to India.

- with the IAEA to establish a bank of low-enriched uranium in Kazakhstan, which will be located on the territory of Ulba Metallurgical Plant.

- with Qatar «Qatar Solar Energy», for the creation of a joint venture in the field of solar energy. Produced in Ust-Kamenogorsk, wafers and solar cells will be sent to Qatar for the manufacture of ingots and cells with capacity up to 1000 MW.

As part of the transformation program of "NAC" Kazatomprom "- 10 subsidiaries and affiliates of JSC moved from Almaty to uranium mining regions.

To Shymkent: LLP "DP" Ortalyk ", LLP" JV "Inkai", LLP "APPAK", JSC "JV" Akbastau ", LLP " JV "Zarechnoe", "Karatau LLP."

To Kyzylorda: LLP "SKZ-U", LLP "Baiekn-U", LLP "Kyzylkum", LLP "JV Khorasan-U».

19 social facilities were transferred to the balance of local executive bodies of Kyzylorda and South Kazakhstan regions. Among them, there is kindergarten for 280 places, a cultural center, a sports complex, hotel, etc.

February

JSC "NAC "Kazatomprom" presented the development of strategic initiative of the National Atomic Company in the framework of the transformation program to the management of JSC "National Welfare Fund "Samruk-Kazyna". The document, developed by international consultants, provides improvment the efficiency of investment and operational activities of the company, as well as productivity.

March

The Chairman of the Board of JSC "NAC "Kazatomprom" has met and briefed the President on the work of the company, carried out within the framework of the transformation program, as well as an update of its development strategy.

Nursultan Nazarbayev paid attention to the need to ensure effective control over uranium mining, the importance of establishing mutual cooperation and implementation of joint projects with leading foreign companies.

At the end of the 1st quarter, LLP "SC" Ortalyk "mined the 10,000th ton of uranium at the deposit "Central Mynkuduk " in Sozak district of South Kazakhstan region. Sulfuric acid plant LLP "CKZ-U" produced the first million ton of acid in Zhanakorgan district of Kyzylorda region.

May

Askar Zhumagaliyev is appointed as a Chairman of the National Atomic Company "Kazatomprom" JSC. His candidacy is approved at an extraordinary meeting of the Board of Directors and agreed with the Government of the Republic of Kazakhstan.

JSC "NAC" Kazatomprom " repays the issue of Eurobonds worth of 500 million US dollars, posted in May 2010 with a term of 5 years and interest rate of 6.25%, and paid the coupon payments.

June

In order to study an international experience in the field of peaceful use of nuclear energy and the development of mutually beneficial cooperation, there was a working visit of Askar Zhumagaliyev, who is the Chairman of the Board of JSC "NAC" Kazatomprom " to the United Arab Emirates. A. Zhumagaliyev visited the construction site of the nuclear power plant "Barack" and got acquainted with all phases of nuclear power plant construction.

July

The Chairman of the Board of JSC NAC "Kazatomprom", Askar Zhumagaliyev during his visit to the Russian Federation, met with the CEO of the State Corporation "Rosatom" - Sergei Kiriyenko, during the meeting they discussed a wide range of services in the field of nuclear energy issues of bilateral cooperation.

August

Visit of the Chairman of the Board of JSC "NAC" Kazatomprom ", Askar Zhumagaliyev in Vienna. During the meeting with the CEO of the International Atomic Energy Agency (IAEA) - Yukiya Amano, there was discussion for a wide range of issues of bilateral cooperation in the nuclear field and the peaceful use of nuclear energy. Also, practical issues of establishment of the Bank of low-enriched uranium IAEA in Kazakhstan were discussed.

In late August, the Chairman of the Board of JSC "NAC" Kazatomprom " - Askar Zhumagaliyev presented to members of the Board of Directors the Development Strategy for 2015-2025. The document defines the mission, vision and overall direction of the Company's development in the coming years, and also outlines the strategic goals that will improve the working efficiency and increase the cost of JSC "NAC" Kazatomprom ".

September

President of Kazakhstan, Nursultan Nazarbayev has received a Chairman of the Board of JSC "NAC" Kazatomprom ", Askar Zhumagaliyev. During the meeting, A. Zhumagaliyev reported to the President on the approval of the development strategy of the national atomic company, defining key objectives of JSC "NAC" Kazatomprom " for the next 10 years.

In the first month of autumn, the delegation of JSC "NAC" Kazatomprom " with Askar Zhumagaliyev participated in the annual symposium of the World Nuclear Association (World Nuclear Association - WNA) in London.

During the symposium, head of Kazatomprom has held a series of bilateral talks with foreign partners. In particular, Askar Zhumagaliyev met President of «Cameco»  Tim Gittsel, the senior executive vice-president of «AREVA» Wonsam Olivier, President of Uranium One, Vasily Konstantinov and others.

October

On October 16, JSC "NAC" Kazatomprom " company launched a transformation program. As a result of the program, efficiency of Kazatomprom will increase. The company will maintain its leading position on uranium mining, organizing presence in the links of the nuclear fuel cycle, will build a marketing system and form a professional team. As a result of taken measures, it is expected that by 2025, the rate of economic added value(EAV) of «Kazatomprom» will be + 32 billion tenge.

During the visit of the Chairman of the Board of JSC "NAC" Kazatomprom ", Askar Zhumagaliyev in the United States, Kazatomprom and the corporation « Centrus Energy Corp. »signed a Memorandum of relationship. The document defines the main terms of cooperation between the two companies in the field of nuclear energy. The memorandum envisages the development of a mutually beneficial relationship for the implementation of Kazakhstan's competitive supply of natural uranium to the world market.

November

JSC "NAC" Kazatomprom, "The Japan Atomic Power Company" and «Marubeni Utility Services, Ltd.» signed a tripartite memorandum of relationship. According to the document, the parties intend to develop cooperation in the field of nuclear energy, including consultation, exchange of experience on interaction with the public, the organization of technical workshops and experts meetings on security issues, as well as training and development of qualification of the specialists of the nuclear industry.

December

In the framework of the official visit of Prime Minister of Kazakhstan, Karim Massimov to China, Chairman of the Board of JSC "NAC" Kazatomprom "JSC Askar Zhumagaliev and CEO of CGNPC Zhang Shanmin have signed an agreement of commercial terms for the design and construction of a plant for the production of fuel assemblies in Kazakhstan and joint development of uranium deposits in Kazakhstan.

At the end of the year JSC "NAC" Kazatomprom " was the winner of the contest-exhibition "Best Product of Kazakhstan" in the nomination "For contribution to the development of local content". National Atomic Company is recognized as the best customer support of domestic producers.