The Kazakhstan delegation headed by the CEO of NAC Kazatomprom JSC (hereinafter referred to as “Kazatomprom” or the “Company”) Yerzhan Mukanov visited the Republic of Azerbaijan and held a number of bilateral meetings.
During the visit, organized with the assistance of the Embassy of the Republic of Kazakhstan in the Republic of Azerbaijan, meetings were held with First Deputy Prime Minister of Azerbaijan Yagub Eyubov, Minister of Digital Development and Transport of Azerbaijan Rashad Nabiyev, Deputy Chairman of Azerbaijan Railways CJSC Iqbal Huseynov, as well as Secretary General of TRACECA IGC Asset Asavbayev.
The meeting participants considered the possibilities of expanding mutually beneficial cooperation and discussed issues related to the transit of Kazakh uranium products through the territory of Azerbaijan. The parties have a positive experience of long-term cooperation. Since 2018, the Trans-Caspian International Transport Route (TITR) has already been successfully used by Kazatomprom as an alternative way to deliver finished products to its customers. The Company has a permit for the transit of up to 3,500 tons of uranium. Currently, Kazatomprom continues working on increasing the quota for cargo transportation and plans to fully use the transit potential of TITR.
Following the results of the meetings, the parties expressed their readiness to establish mutually beneficial cooperation between Kazakhstan and Azerbaijan and further strengthen bilateral relations.
For more information, please contact:
Kazatomprom Investor Relations Inquiries
Yerlan Magzumov, Director, Investor Relations
Cory Kos, International Adviser, Investor Relations
Tel.: +7 7172 45 81 80 / 69
Email: ir
kazatomprom.kz
Kazatomprom Public Relations and Media Inquiries
Sabina Kumurbekova, Director, Government and Public Relations
Gazhaiyp Kumisbek, Chief Expert, Government and Public Relations
Tel.: +7 7172 45 80 22
Email: prkazatomprom.kz
A copy of this announcement is available at www.kazatomprom.kz.
About Kazatomprom
Kazatomprom is the largest uranium producer in the world with natural uranium production in proportion to the Company's participatory interest in the amount of about 24% of the total global primary uranium production in 2021. The group has the largest uranium reserve base in the industry. Kazatomprom, together with subsidiaries, affiliates and joint organizations, is developing 26 deposits combined into 14 uranium-mining enterprises. All uranium mining enterprises are located on the territory of the Republic of Kazakhstan and when mine uranium use in-situ recovery technology, paying particular attention to best HSE practices and means (ISO 45001 and ISO 14001 certified).
Kazatomprom's securities are listed on the London Stock Exchange, the Astana International Exchange and the Kazakhstan Stock Exchange. Kazatomprom is the National Atomic Company of the Republic of Kazakhstan, and the main customers of the group are operators of nuclear generating capacities, and the main export markets for products are China, South and East Asia, North America and Europe. The Group sells uranium and uranium products under long-term and short-term contracts, as well as on the spot market directly from its corporate centre in Astana, Kazakhstan, as well as through a trading subsidiary in Switzerland, Trading House KazakAtom (THK).
For more information, please, visit our website http://www.kazatomprom.kz
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