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Kazakh-Canadian Business Council

25 November 2022
Kazakh-Canadian Business Council

On 25 November, the 5th anniversary meeting of the Kazakh-Canadian Business Council was held. The event was attended by: Vice-Minister of Trade and Integration of the Republic of Kazakhstan, Kairat Torebayev; Special Representative of the Prime Minister of Canada in Europe and the European Union, Stéphane Dion; Senator, member of the Senate Committee on National Security, Defence and Veterans Affairs and the Senate Committee on Agriculture and Forestry, Co-Chair of the Interparliamentary cooperation group of Kazakhstan - Canada, Victor Oh; Senator, Deputy Chair of the Senate Committee on National Security, Defence and Veterans Affairs, member of the Senate Committee on Finance and the Committee on Official Languages, member of the Interparliamentary cooperation groups of the RoK – Canada, Jean Guy Dagenais; Ambassador of Canada to the RoK, Alan Hamson; Ambassador of the RoK to Canada, Akylbek Kamaldinov, as well as representatives of state bodies of the Republic of Kazakhstan, large Kazakh and Canadian companies in the field of energy, mining and oil and gas industry, aviation, agriculture, healthcare, education, etc.

Yerzhan Mukanov, CEO of NAC Kazatomprom JSC is the Co-Chair of the Council from the Kazakh side, and Tim Gitzel, President of Cameco Corporation, from the Canadian side.

“Mutually beneficial cooperation between Kazakhstan and Canada is actively developing in such important areas for the two countries as the oil and mining and metallurgical industries, agriculture, and energy. The trade turnover between the two countries is steadily growing, which indicates a significant potential for the realization of our capabilities, said Mr. Mukanov. - Kazatomprom and Cameco were honoured to act as co-chairs of this bilateral dialogue platform. Our companies are linked by many years of fruitful cooperation, which began with the establishment of the Inkai joint venture in 1996. Since then, it has been a successful example of fruitful collaboration. The company demonstrates a high level of corporate social responsibility, adhering to the best security standards and corporate culture. At the same time, uranium mining is not the only area of mutually beneficial cooperation. I am confident that this business council will contribute to further diversification of areas of cooperation and will give a tangible impetus to the development of the economies of our countries.”

The trade turnover between Kazakhstan and Canada in January-September 2022 amounted to USD 729.5 million, an increase of more than 3 times compared to the same period last year (USD 236.9 million). Exports from Kazakhstan to Canada increased 3.6 times over the same period and amounted to USD 609.2 million.

During the meeting of the business council, the parties discussed the potential of bilateral trade and reviewed the reports of meetings of working groups on sectors: mining, aviation, agriculture, education and healthcare.

Earlier, as part of the upcoming meeting of the business council on the most promising areas of cooperation, working group meetings were held with the participation of representatives of government agencies and business communities of both countries. From June to November 2022, 5 working groups were held on mining, energy, aerophysics and aviation, agriculture, education and healthcare. More than 200 participants took part in the meetings of the working groups. This platform allowed the participants to establish business contacts and identify mutual interests.

 

For more information, please contact:

Kazatomprom Investor Relations Inquiries

Botagoz Muldagaliyeva, Director, Investor Relations

Cory Kos, International Adviser, Investor Relations

Tel.: +7 7172 45 81 80 / 69

Email: ir@kazatomprom.kz

Kazatomprom Public Relations and Media Inquiries

Sabina Kumurbekova, Director, Government and Public Relations

Gazhaiyp Kumisbek, Chief Expert, Government and Public Relations

Tel.: +7 7172 45 80 22

Email: pr@kazatomprom.kz

A copy of this announcement is available at www.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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