JSC National Atomic Company “Kazatomprom” (hereinafter – the "Company", "Kazatomprom" or "NAC Kazatomprom JSC") announces the receipt of a certificate of state registration of a new enterprise Taiqonyr Qyshqyl Zauyty LLP (hereinafter - the Partnership), established in order to implement the project for the construction of a sulfuric acid plant in the Sozak district of Turkestan region. The founders of the Partnership were: NAC Kazatomprom JSC (49%), RU-6 LLP (25%), Kazatomprom-SaUran LLP (26%).
Currently, a feasibility study of the project is being completed and a potential investor is being selected. The final cost of creating an industrial enterprise will be determined after the approval of the design and estimate documentation. The start of construction of the sulfuric acid plant is planned in 2024, and the start of production and reaching full design capacity are expected in 2026.
Sulfuric acid is the main reagent used in uranium mining by in-situ leaching method. Its own production, located near the mines, will allow Kazatomprom to ensure the availability of an additional reliable and long-term source of acid supplies, reduce the ways of delivering goods to consumers, minimize cost increases and reduce the cost of uranium products.
The enterprise will be able to provide the production of sulfuric acid with a capacity of 800 thousand tons per year. At the same time, the plant will simultaneously generate 25-30 MWh of electricity from heat utilization, most of which will be sold to the Company's subsidiaries in the energy-deficient region.
The implementation of the project is strategically important both for Kazatomprom and for the Turkestan region. The modern sulfuric acid plant will make a significant contribution to the economic and social development of the region, attract additional investments, replenish tax revenues to the local budget, create new jobs - about 800 people will be involved in the construction of the facility, and about 500 people will be involved in operation.
For more information, you can contact:
Kazatomprom Investor Relations Inquiries
Yerlan Magzumov, IR Director
Tel.: +7 7172 45 81 80 / 69
Kazatomprom Public Relations and Media Inquiries
Sabina Kumurbekova, PR Director
Gazhayip Kumisbek, Chief Expert of the PR Department
Tel.: +7 7172 45 80 22
Copy of this announcement will be 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 22% of the total global primary uranium production in 2022. 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 www.kazatomprom.kz.
Statements for the Future
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