REG - JSC NAC Kazatomprom - Kazatomprom Signs Term Contracts with China
12/11/2021 08:05
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RNS Number : 2108S JSC National Atomic Co. Kazatomprom 12 November 2021
AIX: KAP, KAP.Y (GDR)
LSE: KAP (GDR)
Currency: KZT (₸), unless otherwise noted
12 November 2021, Nur-Sultan, Kazakhstan
Kazatomprom Signs Term Contracts with China
JSC National Atomic Company "Kazatomprom" ("Kazatomprom" or "the Company")
announces that the Company, represented by its Chief Commercial Officer, Askar
Batyrbayev, participated virtually in the China International Import Expo
2021, held in Shanghai, China from 05-12 November 2021. During the Expo,
Kazatomprom concluded two term contracts for the supply of Kazakhstani natural
uranium concentrates: one with China National Uranium Company Limited, and a
second with State Nuclear Uranium Resources Development Company Limited. The
quantities and specific contract terms cannot be disclosed due to
confidentiality and commercial sensitivity.
The conclusion of these contracts with major Chinese energy companies will
contribute to meeting China's growing need for clean, carbon-free electricity,
while strengthening the historic, long-term relationship between the two
countries in the nuclear industry. Kazatomprom's market-centric strategy
optimizes production, processing and sales for long-term stakeholder value
creation, and the ongoing cooperation with Chinese nuclear enterprises
highlights the Company's strong reputation as the supplier of choice to the
global nuclear fuel market.
For further information, please contact:
Kazatomprom Investor Relations Inquiries
Cory Kos, Director of Investor Relations
Tel: +7 (8) 7172 45 81 80
Email: ir@kazatomprom.kz
Kazatomprom Public Relations and Media Inquiries
Torgyn Mukayeva, Chief Expert of GR & PR Department
Tel: +7 (8) 7172 45 80 63
Email: pr@kazatomprom.kz
About Kazatomprom
Kazatomprom is the world's largest producer of uranium, with the Company's
attributable production representing approximately 23% of global primary
uranium production in 2020. Kazatomprom 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 environmental
standards (ISO 45001 and ISO 14001 certified).
Kazatomprom securities are listed on the London Stock Exchange and Astana
International Exchange. As the national atomic company in the Republic of
Kazakhstan, its primary customers are operators of nuclear generation
facilities and the principal export markets for the Company's products are
China, South and Eastern Asia, Europe and North America. Kazatomprom sells
uranium and uranium products under short- and long-term contracts directly
from its headquarters in Nur-Sultan, Kazakhstan, and through its
Switzerland-based trading subsidiary, Trade House KazakAtom AG (THK).
For more information, please visit the Company's website at
http://www.kazatomprom.kz (http://www.kazatomprom.kz)
Forward-looking statements
All statements other than statements of historical fact included in this
communication or document are forward-looking statements. Forward-looking
statements give the Company's current expectations and projections relating to
its financial condition, results of operations, plans, objectives, future
performance and business. These statements may include, without limitation,
any statements preceded by, followed by or including words such as "target,"
"believe," "expect," "aim," "intend," "may," "anticipate," "estimate," "plan,"
"project," "will," "can have," "likely," "should," "would," "could" and other
words and terms of similar meaning or the negative thereof. Such
forward-looking statements involve known and unknown risks, uncertainties and
other important factors beyond the Company's control that could cause the
Company's actual results, performance or achievements to be materially
different from the expected results, performance or achievements expressed or
implied by such forward-looking statements. Such forward-looking statements
are based on numerous assumptions regarding the Company's present and future
business strategies and the environment in which it will operate in the
future. THE INFORMATION WITH RESPECT TO ANY PROJECTIONS PRESENTED HEREIN IS
BASED ON A NUMBER OF ASSUMPTIONS ABOUT FUTURE EVENTS AND IS SUBJECT TO
SIGNIFICANT ECONOMIC AND COMPETITIVE UNCERTAINTY AND OTHER CONTINGENCIES, NONE
OF WHICH CAN BE PREDICTED WITH ANY CERTAINTY AND SOME OF WHICH ARE BEYOND THE
CONTROL OF THE COMPANY. THERE CAN BE NO ASSURANCES THAT THE PROJECTIONS WILL
BE REALISED, AND ACTUAL RESULTS MAY BE HIGHER OR LOWER THAN THOSE INDICATED.
NONE OF THE COMPANY NOR ITS SHAREHOLDERS, DIRECTORS, OFFICERS, EMPLOYEES,
ADVISORS OR AFFILIATES, OR ANY REPRESENTATIVES OR AFFILIATES OF THE FOREGOING,
ASSUMES RESPONSIBILITY FOR THE ACCURACY OF THE PROJECTIONS PRESENTED HEREIN.
The information contained in this communication or document, including but not
limited to forward-looking statements, applies only as of the date hereof and
is not intended to give any assurances as to future results. The Company
expressly disclaims any obligation or undertaking to disseminate any updates
or revisions to such information, including any financial data or
forward-looking statements, and wl not publicly release any revisions it may
make to the Information that may result from any change in the Company's
expectations, any change in events, conditions or circumstances on which these
forward-looking statements are based, or other events or circumstances arising
after the date hereof.
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