2008

The formation of a vertically-integrated company with full nuclear fuel cycle

Whole year

At the end of the year, the National Atomic Company "Kazatomprom" was declared the winner of the contest on social responsibility  "Paryz" in the nomination "The Best Social Project of the Year" (category "large business entities").

Kazatomprom has implemented a number of projects, within the framework of the program of social and infrastructural development of uranium mining regions in 2005-2008.

· A new bridge across the Syr Darya River, a length of 303 meters with sets of 3 km;

· Rail abutment is given to exploitation (w / railway station);

· 2 health care centers and 2 obstetric stations were opened;

· 3 reanimobiles were bought;

· 4 kindergartens were opened;

· 2 schools were built and 6 schools were renovated;

· 3 entertainment centers were built;

· 3 cultural and sport centers were reconstructed;

· 2 houses of culture were repaired;

· The work on the improvement of parks, planting settlements in southern Kazakhstan was done.

With the support of "Kazatomprom-Demeu", the following projects of small and medium-sized businesses were opened: a sewing shop, two beauty salons, shop for the production of sausages, shop for slaughtering and processing of meat, milk shop.

January

JSC "Volkovgeology" celebrated the 60-th anniversary of the foundation, which is the oldest enterprise of the "Kazatomprom". The Company has a huge experience in the exploration and study of uranium deposits of all types, provides geological support of all activities of the National Atomic Company - from prospecting and exploration of uranium deposits to being put into commercial operation.

JSC "Volkovgeology" is directly related to the creation of the powerful mineral resources base with total uranium reserves of 1.5 million tons (19% of explored uranium reserves in the world). Company provides a permanent radio-ecological monitoring in Kazakhstan.

March

On March 17, 2008, Fitch Ratings improved the ratings of JSC "National Atomic Company "Kazatomprom". Long-term rating in foreign currency from «BB +» to «BBB-" and short-term rating in foreign currency from "B" to the «F3».

June

A new mine for uranium mining by in-situ leaching method was opened in the site "West" in Mynkuduk deposit in southern Kazakhstan. This is the first mine, founded in the framework of the Kazakh-Japanese cooperation in the field of nuclear energy.

The operator of the mine is a joint venture LLP "APPAK", created in early 2006 with the participation of Kazatomprom (65%), Sumitomo Corporation (25%) and The Kansai Electric Power Co., Inc. (10%).

A new joint venture LLP "Ulba Conversion" was established with the Canadian Cameco Corporation. Conversion production will be created on the basis of "Ulba Metallurgical Plant". The production capacity of the future of the enterprise will make 12 thousand tons of uranium hexafluoride (UF6) per year, which corresponds to about 17% of the world's conversion capacities. Kazatomprom share in the new joint venture is 51%, Cameco owns 49%.

Kazatomprom signed a strategic agreement with the French company Areva in the field of nuclear fuel cycle. By the agreement, a joint uranium mining venture "Katko» (Kazatomprom - 49%, Areva - 51%), will produce 4,000 tons of uranium per year in the period up to 2039, which will be engaged in the implementation of the company Areva. In addition, Areva will provide a technical support to  Kazatomprom in the creation of production for the manufacture of fuel assemblies in the "Ulba Metallurgical Plant".

In the framework of the new joint venture assembly plant will include a separate line capacity of 400 tons for reactors of French design (Kazatomprom - 51%, AREVA - 49%), with fuel pellets for these assemblies will be supplied by Kazatomprom. Sales of these products will be engaged in a joint venture, founded by companies Areva - 51% and Kazatomprom - 49%.

October

On October 31, JSC "NAC" Kazatomprom " and the Chinese energy corporation China National Nuclear Corp (CNNC) and China Guangdong Nuclear Power Co (CGNPC) signed an agreement on a strategic partnership. Agreement consists of several parts: a long-term supply of natural uranium for nuclear energy in China, with Chinese partners to develop uranium deposits in Kazakhstan, fuel production for Chinese nuclear power plants and a new direction - the construction of nuclear power plants in China.

December

A Manufactory for the production of high-capacity condenser tantalum powders was opened in the Ulba Metallurgical Plant. Design capacity - 72.9 tons of tantalum powders of different classes per year.