JSC National Atomic Company "Kazatomprom" ("Kazatomprom" or "the Company") is supporting government and business initiative to combat the coronavirus outbreak. Due to the state of emergency in the country, the company's employees have decided to provide financial assistance by donating a day’s salary to the medical workers of Nur-Sultan and Almaty, who are fighting against the spread of the pandemic in Kazakhstan. The funds will provide further financial support to medics and will also be used to purchase necessary protective equipment.
In addition, Kazatomprom and its partner - French state company Orano decided to transfer 50 million Tenge from the Kazakhstan-French joint venture KATCO to the social fund Birgemiz which was founded at the initiative of Elbasy Nursultan Nazarbayev for supporting the population in distress during the coronavirus outbreak. KATCO is also buying 6 ventilators for the hospitals in Turkestan and Shymkent (3 for each city) at a total cost of 100 million Tenge. Medical equipment will be delivered from USA within 2 months.
Due to the spread of coronavirus in many parts of the world, including Kazakhstan, Kazatomprom is taking a number of preventive measures to protect employees and their families.
Kazatomprom and all its subsidiaries and affiliates have approved plans of action to ensure continuous operation during the epidemiological risk. Operational headquarters have been established to constantly monitor the situation. All employees are familiar with the protocol in case they start showing the symptoms of coronavirus.
All head office employees are now working from home. In addition, all travel, both outside and within the country, as well as any internal direct contact has been restricted.
The head office employees and subsidiaries have been provided with the necessary protective equipment (masks, respirators, gloves). Doctors are working at the production facilities, conducting thorough medical examinations.
The health and well-being of employees is an absolute priority for Kazatomprom, therefore this situation is under direct oversight of the management of the Company and its subsidiaries and affiliates.
Kazatomprom will continue to update all stakeholders of any changes related to COVID-19 and/or related consequences for the Company's operations.
For further information, please contact:
Kazatomprom Investor Relations Inquiries
Cory Kos, Director of Investor and Public Relations
Tel: +7 (8) 7172 45 81 80
Kazatomprom Public Relations and Media Inquiries
Torgyn Mukayeva, Deputy Director of Investor and Public Relations
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 24% of global primary uranium production in 2019. The Group benefits from the largest reserve base in the industry and operates, through its subsidiaries, JVs and Associates, 24 deposits grouped into 13 mining assets. All of the Company’s mining operations 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 the 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 in Nur-Sultan, Kazakhstan, and through its Switzerland-based trading subsidiary, Trade House KazakAtom AG (THK).For more information, please see our newly updated website at http://www.kazatomprom.kz
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. THE INFORMATION WITH RESPECT TO ANY PROJECTIONS PRESENTED HEREIN IS BASED ON A NUMBER OF ASSUMPTIONS ABOUT FUTURE EVENTS AND IS SUBJECT TO SIGNIFICANT ECONOMIC AND COMPETITIVE UNCERTAINTY AND OTHER CONTINGENCIES, NONE OF WHICH CAN BE PREDICTED WITH ANY CERTAINTY AND SOME OF WHICH ARE BEYOND THE CONTROL OF THE COMPANY. THERE CAN BE NO ASSURANCES THAT THE PROJECTIONS WILL BE REALISED, AND ACTUAL RESULTS MAY BE HIGHER OR LOWER THAN THOSE INDICATED. NONE OF THE COMPANY NOR ITS SHAREHOLDERS, DIRECTORS, OFFICERS, EMPLOYEES, ADVISORS OR AFFILIATES, OR ANY REPRESENTATIVES OR AFFILIATES OF THE FOREGOING, ASSUMES RESPONSIBILITY FOR THE ACCURACY OF THE PROJECTIONS PRESENTED HEREIN. The information contained in this communication or document, including but not limited to forward-looking statements, applies only as of the date hereof and is not intended to give any assurances as to future results. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to such information, including any financial data or forward-looking statements, and will not publicly release any revisions it may make to the Information that may result from any change in the Company’s expectations, any change in events, conditions or circumstances on which these forward-looking statements are based, or other events or circumstances arising after the date hereof.