Today, JSC National Atomic Company “Kazatomprom” (“Kazatomprom” or “the Company”) presented at the Bank of America Merrill Lynch (“BAML”) mining conference in Barcelona and announced a landmark fuel supply agreement with Spanish Nuclear Utility, ENUSA.
Kazatomprom participated in the BAML Global Metals, Mining & Steel Conference in Barcelona, Spain, May 14 – 16, 2019, where the company met with existing shareholders and prospective international institutional investors. Chief Executive Officer, Galymzhan Pirmatov, presented the very attractive investment case of the Company, while Chief Strategy and Marketing Officer, Riaz Rizvi, spoke about current uranium market conditions on a panel discussion.
Moreover, Kazatomprom reached a supply agreement with the Spanish company, ENUSA Industrias Avanzadas, S.A., S.M.E. ENUSA is the Spanish state company responsible for the acquisition, fabrication and transportation of nuclear fuel, and the agreement is important to the development of Kazakh-Spanish cooperation for the peaceful use of nuclear energy.
With this agreement, Kazatomprom continues to enhance the geographic diversity of its contract portfolio and expand into new markets for its products. It marks the first commercial arrangement between Kazatomprom and ENUSA, and it follows on first-time agreements signed in 2018 between Kazatomprom and newly acquired customers in Sweden and Brazil.
For further information, please contact:
Kazatomprom Investor Relations Inquiries
Cory Kos, Head of Investor Relations
Tel: +7 (8) 7172 45 81 69
Kazatomprom Public Relations and Media Inquiries
Tel: +7 (8) 7172 45 80 63
Powerscourt – London (Giles Read)
Tel: +44 20 7250 1446
A copy of this announcement will be made available at www.kazatomprom.kz.
Kazatomprom is the world's largest producer of uranium, with the company’s attributable production representing approximately 23% of total global uranium primary production in 2018. The Group benefits from the largest reserve base in the industry. Kazatomprom operates, through its subsidiaries, JVs and Associates, 26 deposits grouped into 13 mining assets, all of which are located in Kazakhstan and mined using ISR technology with a focus on maintaining industry-leading health, safety and environment standards.
Kazatomprom securities are listed on London Stock Exchange and Astana International Exchange. As the national atomic company in the Republic of Kazakhstan, the Group's primary customers are operators of nuclear generation capacity, and the principal export markets for the Group's products are China, South and Eastern Asia, Europe and North America. The Group sells uranium and uranium products under long-term contracts, short-term contracts, as well as in the spot market, directly from its headquarters or through its Switzerland-based trading subsidiary, THK.
For more information please see our newly updated website at http://www.kazatomprom.kz
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