NAC Kazatomprom JSC declares that its subsidiary, Ulba Metallurgical Plant JSC (“UMP”), has obtained a license for exploration of stable minerals on the Karadzhal deposit within the Abay area.
The venture will permit Kazatomprom to rely by itself mineral useful resource base for the present uncommon metals manufacturing, improve financial effectivity, and develop the geography of its presence. Aiming to evaluate and ensure the reserves of uncommon metals (tantalum, niobium, beryllium), the Firm will conduct geological exploration on the website.
“Rare and rare earth metals and their compounds play a critical role in a wide range of economic sectors, from aviation and space technology to medicine and electronics. These metals are critical materials that define the modern world. We are proud to announce that Kazatomprom continues its strategic development in this direction. The discovery and development of new deposits will strengthen our position in the global market and contribute to the creation of new jobs. In 2023, UMP has obtained a license for exploration of solid minerals at the Verkhny Irgiz deposit in the Aktobe region,” stated Meirzhan Yussupov, Kazatomprom’s CEO.
UMP is the distinctive firm and one of many largest on the planet with a full manufacturing cycle from processing tantalum, niobium and beryllium to the manufacturing of high-quality completed merchandise. In the present day, the plant ranks 2nd on the planet for the manufacturing of beryllium merchandise, and 4th for the manufacturing of tantalum merchandise.
This exercise is carried out as a part of Kazatomprom’s scientific and technological growth program for 2022-2029 within the subject of RM and REM, aimed toward creating new product sorts, bettering applied sciences of extraction useful elements at enterprises, and organizing R&D clusters.
For extra info, please contact:
Public Relations and Media Inquiries
Askar Atagulin, Director, Public Relations
Tel: +7 7172 45 80 63
E mail: pr@kazatomprom.kz
Investor Relations Inquiries
Botagoz Muldagaliyeva, Director, Investor Relations
Tel: +7 7172 45 81 80 / 69
E mail: ir@kazatomprom.kz
About Kazatomprom
Kazatomprom is the world’s largest producer of uranium, with the Firm’s attributable manufacturing representing roughly 20% of world major uranium manufacturing in 2023. The Group advantages from the most important reserve base within the {industry} and operates, by way of its subsidiaries, JVs and Associates, 26 deposits grouped into 14 mining property. The entire Firm’s mining operations are positioned in Kazakhstan and extract uranium utilizing ISR expertise with a give attention to sustaining industry-leading well being, security and atmosphere requirements.
Kazatomprom securities are listed on the London Inventory Change, Astana Worldwide Change, and Kazakhstan Inventory Change. Because the nationwide atomic firm within the Republic of Kazakhstan, the Group’s major clients are operators of nuclear technology capability, and the principal export markets for the Group’s merchandise are China, South and Japanese Asia, Europe and North America. The Group sells uranium and uranium merchandise underneath long-term contracts, short-term contracts, in addition to within the spot market, straight from its headquarters in Astana, Kazakhstan, and thru its Switzerland-based buying and selling subsidiary, Commerce Home KazakAtom AG (THK).
For extra info, please see the Firm web site at www.kazatomprom.kz.
