NAC Kazatomprom JSC broadcasts that its subsidiary, Ulba Metallurgical Plant JSC (“UMP”), has acquired a license for exploration of stable minerals on the Karadzhal deposit within the Abay area.
The challenge will enable 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 web site.
“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 earth with a full manufacturing cycle from processing tantalum, niobium and beryllium to the manufacturing of high-quality completed merchandise. At the moment, the plant ranks 2nd on the earth 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 improvement program for 2022-2029 within the area of RM and REM, aimed toward creating new product varieties, enhancing applied sciences of extraction helpful parts at enterprises, and organizing R&D clusters.
For extra data, 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 main uranium manufacturing in 2023. The Group advantages from the most important reserve base within the {industry} and operates, by its subsidiaries, JVs and Associates, 26 deposits grouped into 14 mining property. All the Firm’s mining operations are situated in Kazakhstan and extract uranium utilizing ISR expertise with a concentrate on sustaining industry-leading well being, security and surroundings requirements.
Kazatomprom securities are listed on the London Inventory Trade, Astana Worldwide Trade, and Kazakhstan Inventory Trade. Because the nationwide atomic firm within the Republic of Kazakhstan, the Group’s main prospects are operators of nuclear era 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 below long-term contracts, short-term contracts, in addition to within the spot market, immediately from its headquarters in Astana, Kazakhstan, and thru its Switzerland-based buying and selling subsidiary, Commerce Home KazakAtom AG (THK).
For extra data, please see the Firm web site at www.kazatomprom.kz.