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News


06/16/09

Special Issue No16


KAZATOMPROM PROMISES TO HONOR ITS COMMITMENTS
AMID CONTROVERSIAL RUMORS
 

Category: General
Posted by: admin

In recent weeks, there have been widespread speculations related to Kazakhstan’s uranium industry. Mr. Mukhtar Dzhakishev, former head of the national uranium producing company – Kazatomprom – has been charged with mishandling billions of dollars of public money. This situation has caused a lot of controversy, particularly among foreign investors, as well as groundless rumors, including the ones related to Kazatomprom’s work being put on hold or even the company’s forthcoming sale to some private owners.

It is in this respect that we present for our readers’ attention a press release from a reliable source – Kazatomprom itself – which reiterates the company’s firm intention to honor all of its contracts and live up to its commitments.


Kazatomprom indicates the results of 5 Months of 2009
12.06.2009
Almaty
 
Kazatomprom has summarized its production activity for the last five months. All key production plans are duly implemented. Export supplies are made in compliance with the schedule.

During the last two weeks the top management of Kazatomprom held meetings with the company’s foreign partners discussing the implementation of joint plans starting from uranium mining to new joint production. In particular, negotiations were held with the representatives of Japanese companies - Marubeni, Sumitomo, Nuclear Fuel Industries, Japanese financial and credit and insurance companies and banks - NEХI, JBIC, ERM, ING, Russian company Atomredmetzoloto, China Guangdong Nuclear Power Holding Co., Ltd., Areva (France), Uranium Onе (Canada), Nuclear Power Corporation of India Limited, and some others. In the nearest future the negotiations are to be held with Cameco (Canada), Toshiba (Japan) and Westinghouse Electric (the USA) on further cooperation development.

During the meetings the partners of Kazatomprom stressed the strategic and mutually beneficial nature of existing business relations and their intention to continue cooperation in nuclear fuel sector. In return, Kazatomprom announced that all existing agreements were not going to be changed. “Being the world’s second company on uranium production Kazatomprom understands its responsibility for resources provision of the world nuclear power industry, - summarized the President of Kazatomprom, Mr. Vladimir Shkolnik. – As such, we are going to continue achieving the company’s rates of development in order to cover the growing demand in our products.”
 
Kazatomprom is the national operator of the Republic of Kazakhstan for export of uranium and its compounds, rare metals, nuclear fuel for nuclear power plants, special purpose equipment, technologies and double-use materials. The main activities of the company are: geological exploration, uranium production, manufacture of nuclear fuel cycle products, reactor construction, nuclear power plants, non-ferrous metallurgy and production of construction materials, the electric energy sector, scientific support of production and social welfare and training of personnel. Today Kazatomprom has more than 25,000 employees and is amongst the leading uranium production companies in the world.

www.kazatomprom.kz

 
PR Department
Kazatomprom
tel: + 7 /727/ 244 62 54
e-mail: pr@kazatomprom.kz