Tag: Kazatomprom

  • Orano wants to assist Kazakhstan in the development of uranium deposits

    Orano wants to assist Kazakhstan in the development of uranium deposits

    The joint venture between Orano Mining, a French company holding 51% of the shares, and Kazakhstani company Kazatomprom, holding 49% of the shares, known as KATCO, has announced its plans to commence operations at the South Tortkuduk uranium deposit in Kazakhstan by the end of 2023.

    According to Gwenaël Thomas, the spokesperson for the company, this information was shared on Wednesday and reported by Trend. He stated that the agreement for this development was reflected in an amendment to the existing subsoil use contract in August 2022. The commencement of operations at the South Tortkuduk deposit is expected to secure uranium extraction for KATCO for a period of approximately fifteen years.

    Thomas further highlighted additional agreements that have been reached between Kazakhstan and Orano. He mentioned that in November 2022, during the visit of Kazakhstan’s President Kassym-Jomart Tokayev to France, Orano and Kazatomprom signed a memorandum of cooperation. Through this memorandum, the two companies express their intention to support and strengthen their collaboration in the uranium mining industry, building upon their existing successful partnership.

    Thomas explained that the memorandum includes various collaborative initiatives, such as the implementation of a joint roadmap for technical research and development, exploring solutions to address carbon emissions resulting from the companies’ activities, and laying the foundation for discussions on the long-term development of their partnership.

    Established in 1996, KATCO was formed to develop and operate uranium deposits in Muynakum and Tortkuduk, located in the Turkestan region, approximately 300 kilometers north of Shymkent. Currently, the company employs around 1,200 individuals and operates an In-Situ Recovery (ISR) mine with an annual capacity of approximately 4,000 tons of uranium. Over the past 20 years, the operation of these two deposits has enabled KATCO to extract over 40,000 tons of uranium.

  • Research and development projects of subsoil users will go through a single center

    Research and development projects of subsoil users will go through a single center

    The expertise for it will be stipulated in the new science law.

    Research and development projects (R&D) of subsoil users will undergo assessment at the National Center for State Scientific and Technical Expertise (NCSTEE) under the Ministry of Education and Science. This was announced by its head, Arman Kashkinbekov, during his speech at the Second Kazakhstan-China Conference on Renewable Energy and Science in the capital.

    “There are aggregators, 1% of subsoil users, like PIT Alatau with the Tech Garden brand, and with KIN G – the Kazakh Institute of Oil and Gas – we work with all of them… In the new science law, which will be enacted by the end of the year, NCSTEE is designated as the sole authorized organization in Kazakhstan for conducting these activities. Thus, after the law takes effect at the beginning of the new year, all projects of all subsoil users will be required to undergo state expertise in our center,” he said.

    As reported two years ago, according to the Subsoil Code, subsoil users in Kazakhstan were required to allocate 1% of their expenditures on mining for research and development projects (R&D). Companies could independently choose accredited scientific institutes or autonomous educational organizations for funding. Subsoil users also had the right to allocate R&D funds to the Tech Garden autonomous cluster fund and use these funds for digitalization.

    In 2021, the Ministry of Energy announced a phased transition: in 2022 – 50%, in 2023 – 75%, in 2024 – 100% towards centralizing subsoil users’ contributions to R&D through the republican budget by creating a separate budget program. Thus, the government intended to independently allocate the received funding for scientific activities in Kazakhstan.

    According to Kashkinbekov, the center is already working with the Samruk-Kazyna group of companies.

    “Our company has signed a cooperation agreement with Samruk-Kazyna, the Samgau center for scientific and technical initiatives. This is a new unified window for all R&D developments of all national companies in Kazakhstan. The essence of the agreement is that state expertise and state accounting of all projects of national companies are now being carried out by our center. Prior to this, there was no such state expertise, national companies could choose where they wanted to have their projects evaluated and invested, there was no government oversight, interaction, or synergy in state policy in the field of scientific activities. Now the agreement is in effect, the first projects have passed. The large package from Kazatomprom is next,” the head of NCSTEE noted.

    At the same time, he did not rule out that the center may establish cooperation with investors in renewable energy.

    “There is a dilemma because, according to the law, all subsoil users will come to us, but in Kazakhstan, there will still be “sacred cows” that are protected by production sharing agreements (PSAs) – these are oil companies, operators, how many of them are there – three or four licensees, and Tengiz. National legislation does not apply to them, so they are not required to come to us and undergo official state expertise. We will think about this. At the same time, investors in renewable energy – they are not subsoil users, they do not dig the land, but they invest in Kazakhstan in the energy sector. This work also awaits us – where to place them – they are not subsoil users, but they use solar and wind energy, they invest in Kazakhstan in the energy sector. We will work on this,” Kashkinbekov assured.

    In his speech, he reminded that his center is the only authorized organization conducting technical expertise of scientific programs and projects as well as applications for funding fundamental scientific research. Moreover, NCSTEE is responsible for organizing the work of national scientific councils. The center is also involved in state accounting and monitoring of projects and programs in science funded by the state budget in Kazakhstan, digitizing scientific works, and creating an index of citation of Kazakhstani scientists.

  • Kazakhstan Becomes Leader in Uranium Production in 2022

    Kazakhstan Becomes Leader in Uranium Production in 2022

    Samruk Kazyna Chairman Nurlan Zhakupov instructed to increase investment in exploration as he visited the Khorasan-U and Baiken-U companies of Kazatomprom.

    He discussed current reserves with colleagues and urged them to invest in further exploration of deposits.

    “We have reserves that need to be developed,” he wrote on his Twitter account.

    Kazatomprom is the world’s largest uranium producer, with its subsidiaries, affiliates, and joint ventures developing 26 deposits united into 14 uranium mining enterprises.

  • Kazatomprom announces changes in the Board

    Kazatomprom announces changes in the Board

    National Atomic Company Kazatomprom JSC (hereinafter referred to as Kazatomprom or the Company) informs that the following changes have been made to the composition of the Company’s Management Board.

    Due to the merger of the production unit and the nuclear fuel cycle unit (hereinafter referred to as the “NFC”) into one business area under the supervision of the Chief Production Director and the abolition of the position of the Chief Director for the NFC, the powers of Dosbolat Sarymsakov, the Chief NFC Director.

    Thus, at present, the Board of Kazatomprom includes:

    • Yerzhan Mukanov, Chairman of the Board; 
    • Kuanysh Omarbekov, chief production director;
    • Dastan Kosherbaev, Chief Commercial Officer;
    • Ermek Kuantirov, Chief Director for Legal Support and Corporate Governance;
    • Alibek Aldongarov, Chief Director for HR and industrial safety;
    • Mukhit Magazhanov, Chief Procurement and General Director.

    Information on members of the Management Board of Kazatomprom is available on the Company’s corporate Internet resource www.kazatomprom.kz .