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New investment projects of Kazatomprom presented to the Prime Minister of the Republic of Kazakhstan

22 October 2022
New investment projects of Kazatomprom presented to the Prime Minister of the Republic of Kazakhstan

National Atomic Company Kazatomprom JSC (hereinafter - "Kazatomprom" or the "Company") presented its new investment projects to the Prime Minister of the Republic of Kazakhstan Alikhan Smailov during his working trip to the Turkestan region.

“Most of the mines of Kazatomprom are located in the southern region of our country. The Company actively supports the development and growth of the regions of presence, finances socially significant projects, contributing to the improvement of the welfare of the local population”, - Yerzhan Mukanov, CEO of Kazatomprom, noted in his report. “In 2021 alone, Kazatomprom transferred a total of KZT 1.609 billion for the socio-economic development of the regions of presence as part of the commitments under subsoil use contracts. A number of social projects were also implemented, such as the improvement of settlements, the construction of modern children's playgrounds and sports grounds in 7 settlements of the Turkestan and Kyzylorda regions, and financial assistance was provided to socially vulnerable segments of the population. At the end of 2021, Kazatomprom allocated KZT 850 million for the implementation of social projects.”

A new project of Kazatomprom - a sulfuric acid production plant - is also intended to improve the level and quality of life of the local population. The implementation of this project is planned for the period from 2022 to 2026. It is assumed that the plant will be built in the Sozak district of the Turkestan region, in close proximity to mines that do not have railway lines, which will significantly shorten the delivery routes to consumers.

This project will create additional jobs in the region: about 800 people will be involved in construction.

The Company is currently evaluating potential investments in a new plant. The exact amount of necessary investments will be determined based on the results of development of a feasibility study and design estimates.

In addition, the Prime Minister of the Republic of Kazakhstan was provided with information about the Kazakh-French joint venture KATCO, the management of which presented a project for uranium mining at the new South Tortkuduk site. The venture assumes that the new project will ensure the following fifteen years of continuous production. In addition, this project will create additional jobs for the period of construction work on the specified site, as well as increase investment in the socio-economic development of the Sozak district and the Turkestan region. According to the compensation plan for landscaping, the uranium mining enterprise will plant saxaul and other trees on 12,000 hectares of the green belt of the city of Turkestan.

“Every year, our company finances about 30 long-term and short-term projects aimed at supporting local residents of the Sozak region and developing the region's infrastructure. In cooperation with local Akimats, we have implemented such significant projects as construction of a 200 children school in the village of Sholakkorgan, a 50 children kindergarten in the village of Tasty, playgrounds with a football field in 14 villages of the Sozak district, equipping physics, chemistry and biology classrooms, as well as multimedia classrooms in 12 schools of the district”, Alexandre Amyot Du Mesnil Gaillard, the deputy financial director of KATCO, informed. “At present, the project for construction of an ambulance station for 25 teams in the city of Turkestan is nearing completion, thanks to which residents of all regions of the region will be able to receive timely medical care. The cost of this project amounted to KZT 1.483 billion”.

“All projects are socially and economically important for the region. They will create permanent jobs and significantly increase the volume of industrial output,” Prime Minister of the Republic of Kazakhstan Alikhan Smailov assessed the presented projects.

 

For further information, please contact:

Kazatomprom Investor Relations Inquiries

Cory Kos, International Adviser, Investor Relations

Botagoz Muldagaliyeva, Director of Investor Relations

Tel: +7 (8) 7172 45 81 80 / 69

Email: ir@kazatomprom.kz

Kazatomprom Public Relations and Media Inquiries

Sabina Kumurbekova, GR&PR Director

Gazhaiyp Kumisbek, Chief Expert of GR & PR Department

Tel: +7 (8) 7172 45 80 63

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, 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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