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Kazatomprom has successfully delivered uranium for Romania's nuclear power plant

5 April 2023
Kazatomprom has successfully delivered uranium for Romania's nuclear power plant

National Atomic Company Kazatomprom JSC (hereinafter – "Kazatomprom" or "the Company") informs about the successful delivery of natural uranium concentrates for the energy company - Societatea Natională "Nuclearelectrica" S.A. ("SNN"). SNN is a Romanian state-owned company in the field of electric power and heat supply, engaged in the production of nuclear fuel, and is also the operator of the  Cernavoda Nuclear Power Plant which supplies aprox. 20% of Romania’s energy production.

In December 2022, Kazatomprom won the SNN open tender for the supply of uranium oxide for the needs of Romania's nuclear power industry. In accordance with the terms of the contract, the Company delivered natural uranium to the SNN plant. Kazatomprom exported its products via the Trans-Caspian International Transport Route, which has been actively used by the company since 2018.

Kazatomprom, as a reliable and preferred supplier on the global nuclear fuel market, will continue to diversify the geography of supplies and enter new markets.

 

For more information, you can contact:

On investor relations issues

Yerlan Magzumov, IR Director

Tel.: +7 7172 45 81 80

Email: ir@kazatomprom.kz

In PR and Media organizations requests issues

Sabina Kumurbekova, GR&PR Director

Gazhayip Kumisbek, Chief Expert of the GR and PR Department

Tel.: +7 7172 45 80 22

Email: pr@kazatomprom.kz

 

About Kazatomprom

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 and 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 Nur-Sultan, Kazakhstan, as well as through a trading subsidiary in Switzerland, Trading House KazakAtom (THK).

For more information, please, visit our website: www.kazatomprom.kz;

 

About Societatea Natională "Nuclearelectrica" S.A.

The National Company “Nuclearelectrica” SA is the national Romanian company which produces electricity, heat and nuclear fuel operating under the authority of the Romanian Ministry of Energy, with the Romanian state holding 82.49% of shares and other shareholders holding 17.50%, after the listing of the company at the stock exchange in 2013.

SNN is the owner of the Cernavoda NPP (CNE) branch which operates two CANDU nuclear units, which are two of the most high-performance units among the more than 400 nuclear plants in the world. The company has a nuclear fuel factory where it produces CANDU 6 nuclear fuel bundles and recently is in the process of carrying out an integrated fuel cycle through the procurement of a uranium concentrate processing line, in order to support the long-term investment projects of the company.

SNN has a major role at national level, contributing by more than 18% of the nuclear energy in the total energy production and by 33% in the total CO2-free energy production in Romania.

www.nuclearelectrica.ro

 

Statements for the Future

All statements, other than statements of historical fact, included in this message or document are statements regarding the future. Statements regarding the future reflect the Company's current expectations and estimates regarding its financial condition, results of operations, plans, goals, future results and activities. Such statements may include, but are not limited to, statements before which, after which or where words such as “goal”, “believe”, “expect”, “intend”, “possibly”, “anticipate”, “evaluate”, “plan”,“project”,“will”,“may”,“probably”, “should”,“may” and other words and terms of a similar meaning or their negative forms are used.

Such statements regarding the future include known and unknown risks, uncertainties and other important factors beyond the control of the Company, which may lead to the fact that the actual results, indicators or achievements of the Company will significantly differ from the expected results, indicators or achievements expressed or implied by such statements regarding the future. Such statements regarding the future are based on numerous assumptions regarding the current and future business strategy of the Company and the conditions in which it will operate in the future.

INFORMATION ON THE ESTIMATES CONTAINED IN THIS DOCUMENT ARE BASED ON SEVERAL ASSUMPTIONS ABOUT FUTURE EVENTS AND ARE SUBJECT TO SIGNIFICANT ECONOMIC AND COMPETITIVE UNCERTAINTIES AND OTHER CONVENTIONALITIES, NONE OF WHICH CAN NOT BE PREDICTED WITH CERTAINTY AND SOME OF WHICH ARE OUTSIDE OF THE COMPANY'S CONTROL. THERE CAN'T BE ANY WARRANTY THAT THE ESTIMATES WILL BE REALIZED AND THE ACTUAL RESULTS MAY BE ABOVE OR BELOW THAN SPECIFIED. NONE OF THE COMPANY - NO SHAREHOLDERS, NO DIRECTORS, NO OFFICERS, NO EMPLOYEES, NO CONSULTANTS, NO AFFILIATES NOR ANY REPRESENTATIVES OR AFFILIATES LISTED ABOVE BEAR RESPONSIBILITY FOR THE ACCURACY OF THE ESTIMATES PRESENTED IN THIS DOCUMENT.

The information contained in this message or document, including, but not limited to, statements regarding the future, is applicable only as of the date of this document and is not intended to provide any guarantees regarding future results The Company expressly disclaims any obligation to disseminate updates or changes to such information, including financial data or forward-looking statements, and will not publicly release any changes that it may make to information arising from changes in the Company's expectations, changes in events, conditions or circumstances on which such statements regarding the future are based, or in other events or circumstances arising after the date of this document.

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