Cooperative partner of CGN: Kazatomprom National Atomic Company of Kazakhstan
In 2024, Kazatomprom National Atomic Industry Company reaffirmed its position as the world's leading uranium producer.
In 2024, the group's uranium production exceeded 23,000 tons, and sales exceeded 16,600 tons, consolidating its position as a reliable supplier to global nuclear power enterprises. Combined revenue reached $3.5 billion, an increase of 26% compared to 2023. Adjusted net profit attributable to the company's owners increased by 38%, reaching approximately $1.1 billion.
Kazatomprom National Atomic Industry Company also made a significant contribution to Kazakhstan's economy, with the group's tax payments exceeding $1.4 billion, an increase of 58% compared to 2023.
The core business of Kazatomprom National Atomic Industry Company remains uranium mining.
Only in 2024, the company obtained four new exploration licenses, with estimated uranium resource potential of approximately 170,000 tons. It is worth noting that these are exclusive rights of Kazatomprom National Atomic Energy Industry Company (Kazatomprom).
In addition, the company signed a pilot production contract for the Inkai No. 3 uranium mine, one of the important uranium mines in Kazakhstan, with uranium resources amounting to 83,100 tons.
Kazatomprom National Atomic Energy Industry Company continued to strengthen its influence in the field of nuclear fuel cycle and rare metals, consolidating Kazakhstan's position in the global nuclear industry.
In 2024, the Ulba-FA plant - unique in Central Asia - reached its full design capacity, annually producing 200 tons of low-enriched uranium in the form of fuel assemblies. These fuel assemblies are supplied to nuclear power plants in China. This project was jointly implemented by Ulba Metallurgical Plant, a subsidiary of Kazatomprom National Atomic Industry Company (Kazatomprom), and China General Nuclear Power Group Co., Ltd. Meanwhile, Ulba Metallurgical Plant continued to produce fuel pellets, making further contributions to the nuclear energy industry.
With the continuous growth in demand for clean energy, the role of Kazatomprom National Atomic Industry Company in the global nuclear industry has become more important than ever before.
The article is excerpted from "Assisting Energy Transition: Inside the Global Nuclear Strategy of Kazatomprom National Atomic Industry Company," published on the geopolitical website "Geopolitical" on April 23, written by Melsan Yusufov.
"Language Learning Research | Translation"
Original source: https://www.toutiao.com/article/1830260556297225/
Disclaimer: The views expressed in this article are solely those of the author.