Kazatomprom discussed perspectives for nuclear industry development

National Atomic Company Kazatomprom discussed development of global nuclear energy at the first Nuclear Energy Summit in Brussels (Belgium) and the ATOMEXPO 2024 International Forum in Sochi (Russian Federation).

The summit сo-chaired by Belgium’s Prime Minister Alexander de Croo and IAEA’s Director General Rafael Mariano Grossi focused on nuclear energy’s role in sustainable development, energy security, and economic growth.

During the roundtable on “Securing the Fuel Supply Chain”, Mr. Meirzhan Yussupov, Kazatomprom’s CEO, emphasized Kazakhstan’s pivotal role in the global uranium supply chain and the country’s leading position in uranium production, providing 40% of the world’s supply.

“Nuclear energy will continue to play an important role as a clean and cost-effective source of energy. In 2023, more than 20 countries signed a declaration to triple nuclear power capacity by 2050. This will be critical to achieve the Paris Agreement’s goals to reduce CO2 emissions worldwide. Kazatomprom aims to expand the geography of its global clients base and meet future needs through exploration of new deposits and replenishment of the resource base” – said Meirzhan Yussupov.

ATOMEXPO Forum was also dedicated to discuss the development of nuclear energy. A lot of attention was paid to  sustainable development issues.

During the plenary session “Clean Energy: Creating the Future Together,” the CEO of Kazatomprom emphasized that Kazatomprom will continue to take an active part in ensuring stable and reliable uranium supplies for nuclear power plants around the world. He also highlighted the importance of implementing ESG principles and the Company’s efforts to reduce environmental impact of its operations.

Withing the framework of these events, Kazatomprom’s Management held meetings with international partners where the parties discussed potential cooperation and perspectives for development in the field of peaceful use of nuclear energy.

For further information, please contact:

Kazatomprom Public Relations and Media Inquiries

Askar Atagulin, Director of Public Relations

Tel: +7 (7172) 45 80 63

Email: pr@kazatomprom.kz

Kazatomprom Investor Relations Inquiries

Botagoz Muldagaliyeva, Director of Investor Relations

Tel: +7 (7172) 45 81 80

Email: ir@kazatomprom.kz

About Kazatomprom

Kazatomprom is the world’s largest producer of uranium, with the Company’s attributable production representing approximately 20% of global primary uranium production in 2023. The Group benefits from the largest reserve base in the industry and operates, through its subsidiaries, JVs and Associates, 26 deposits grouped into 14 mining assets. All of the Company’s mining operations are located in Kazakhstan and extract uranium using ISR technology with a focus on maintaining industry-leading health, safety and environment standards.

Kazatomprom securities are listed on the London Stock Exchange, Astana International Exchange, and Kazakhstan Stock 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 the Company website at www.kazatomprom.kz

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Funds Economy journalist was involved in the writing and production of this article.