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Kazatomprom and Orano Group will cooperate in training personnel for the nuclear industry

12 November
Kazatomprom and Orano Group will cooperate in training personnel for the nuclear industry

National Atomic Company Kazatomprom JSC and the French company Orano Group signed a Memorandum of Understanding and Cooperation in the field of education and training for the nuclear industry at the Kazakhstan-France Business Council meeting, held as part of the official visit of the Head of State to France. This agreement highlights the commitment of both companies to develop highly qualified specialists and stimulate innovation in the nuclear energy sector.

The memorandum provides internships and training programs for specialists of Kazatomprom and its subsidiary Ulba Metallurgical Plant JSC at Orano enterprises, including uranium conversion plants. This will provide an access to advanced technologies, study the experience of French colleagues and adopt the best international practices, which will contribute to their professional development.

“This memorandum is an important step in the development of our relations with the Orano Group, one of the world's leading players in the nuclear fuel cycle,” said Meirzhan Yussupov, CEO of Kazatomprom. “I am deeply convinced that our people are one of the main resources of the company, therefore, the development of competencies and contribution to the training and advanced training of production personnel is critically important for the future of not only Kazatomprom, but also the domestic nuclear industry.”

The long-term cooperation between Kazatomprom and Orano is being successfully implemented through the joint venture JV KATCO LLP, which produces uranium at the Moinkum deposit in the Turkestan region. The new memorandum opens up prospects for the creation of additional projects, which will help strengthen the positions of both companies in the nuclear industry.

For more information, please contact::

Public Relations and Media Inquiries

Altynay Karibzhanova, Acting Director, Public Relations

Tel: +7 7172 45 80 63

Email: pr@kazatomprom.kz

Investor Relations Inquiries

Botagoz Muldagaliyeva, Director, Investor Relations

Tel: +7 7172 45 81 80

Email: ir@kazatomprom.kz

About Kazatomprom

Kazatomprom is the world's largest producer of uranium with the Company’s attributable production representing approximately 20% of global primary uranium production in 2023. The Group benefits from the largest reserve base in the industry and operates, through its subsidiaries, JVs and Associates, 27 deposits grouped into 14 mining assets. All of the Company’s mining operations are located in Kazakhstan and extract uranium using ISR technology with a focus on maintaining industry-leading health, safety and environment standards (ISO 45001 and ISO 14001 certified).

Kazatomprom securities are listed on the London Stock Exchange, Astana International Exchange and Kazakhstan Stock Exchange. Kazatomprom is the national atomic company in the Republic of Kazakhstan, the Group's primary customers are operators of nuclear generation capacity, 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 in Astana, Kazakhstan, and through its Switzerland-based trading subsidiary, Trade House KazakAtom AG (THK).

For more information, please see the Company website at www.kazatomprom.kz.

Forward-looking statements

All statements other than statements of historical fact included in this communication or document are forward-looking statements. Forward-looking statements give the Company’s current expectations and projections relating to its financial condition, results of operations, plans, objectives, future performance and business. These statements may include, without limitation, any statements preceded by, followed by or including words such as “target,” “believe,” “expect,” “aim,” “intend,” “may,” “anticipate,” “estimate,” “plan,” “project,” “will,” “can have,” “likely,” “should,” “would,” “could” and other words and terms of similar meaning or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company’s control that could cause the Company’s actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company’s present and future business strategies and the environment in which it will operate in the future.

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