JSC National Atomic Company “Kazatomprom” (“Kazatomprom” or “the Company”) announces it has completed a physical delivery of natural uranium using the Trans-Caspian International Transport Route (TITR). The Company has successfully used the TITR as an alternative route for delivering Kazatomprom’s material to western customers since 2018, helping to mitigate the risk of the primary route through St. Petersburg being unavailable, for any reason.
As was previously disclosed in Kazatomprom’s 3Q Operations and Trading Update, as of 26 October 2022, the KAP-owned portion of the shipment had reached the Port of Poti and was waiting for additional material from JV Inkai to arrive, prior to being loaded onto a chartered vessel for furtherance to its final destination; the delivery, which included both Kazatomprom and JV Inkai owned uranium, has arrived to a Canadian port.
Kazatomprom continues to monitor the growing list of sanctions on Russia and the potential impact they could have on the transportation of products through Russian territory. To date, there are no restrictions on the Company's activities related to the supply of its products to customers worldwide.
For more information, please contact:
Kazatomprom Investor Relations Inquiries
Yerlan Magzumov, Director, Investor Relations
Cory Kos, International Adviser, Investor Relations
Tel.: +7 7172 45 81 80 / 69
Kazatomprom Public Relations and Media Inquiries
Sabina Kumurbekova, Director, Government and Public Relations
Gazhaiyp Kumisbek, Chief Expert, Government and Public Relations
Tel.: +7 7172 45 80 22
A copy of this announcement is available at www.kazatomprom.kz.
Kazatomprom is the largest uranium producer in the world with natural uranium production in proportion to the Company's participatory interest in the amount of about 24% of the total global primary uranium production in 2021. The group has the largest uranium reserve base in the industry. Kazatomprom, together with subsidiaries, affiliates and joint organizations, is developing 26 deposits combined into 14 uranium-mining enterprises. All uranium mining enterprises are located on the territory of the Republic of Kazakhstan and when mine uranium use in-situ recovery technology, paying particular attention to best HSE practices and means (ISO 45001 and ISO 14001 certified).
Kazatomprom's securities are listed on the London Stock Exchange, the Astana International Exchange and the Kazakhstan Stock Exchange. Kazatomprom is the National Atomic Company of the Republic of Kazakhstan, and the main customers of the group are operators of nuclear generating capacities, and the main export markets for products are China, South and East Asia, North America and Europe. The Group sells uranium and uranium products under long-term and short-term contracts, as well as on the spot market directly from its corporate centre in Astana, Kazakhstan, as well as through a trading subsidiary in Switzerland, Trading House KazakAtom (THK).
For more information, please, visit our website http://www.kazatomprom.kz
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