Kazatomprom
| Industry | Nuclear power |
|---|---|
| Founded | 1997 |
| Headquarters | Astana, Kazakhstan |
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Key people
|
Askar Zhumagaliev, (Chief Executive Officer) |
| Products | Uranium and rare earth metals |
| Revenue |
 KZT 259.4 bln (year 2015) |
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KZT 52.4 bln (year 2015) |
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Number of employees
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Over 27,000 (year 2015) |
| Parent | National Welfare Fund "Samruk-Kazyna" (100%) |
| Website | www.kazatomprom.kz |
KZT 23.3 bln (year 2015)
Kazatomprom is the national operator of Kazakhstan for import and export of uranium, rare- and rare-earth metals, and nuclear fuel components for power plants. Kazatomprom was founded in 1997 and is headquartered in Astana, Kazakhstan by the Decree of the President of Kazakhstan and is a subsidiary of National Welfare Fund "Samruk-Kazyna". Since 2010, Kazatomprom has been the world leader in natural uranium production.
Natural uranium is extracted in an environmentally safe and cost-effective manner utilizing in-situ leaching methods (ISL). Kazakhstani uranium concentrate covers more than 40% of the world peaceful nuclear energy needs and is delivered to all countries that utilize nuclear power.
The assets of the National Atomic Company today include the whole range of companies involved in the chain of production of the final product - from geological exploration, uranium production, manufacture of nuclear fuel cycle products to science, social welfare and training.
Kazatomprom operates under long-term contracts with major international energy companies.
Kazatomprom together with its subsidiaries operates 22 uranium mines. Natural uranium is extracted in an environmentally safe and cost-effective manner utilizing in-situ leaching method (ISL). In-situ leaching is a method of development of the sandstone-hosted ore deposits without elevation of ore to the surface, but by selective transportation of natural uranium into the product solution directly into the uranium deposit. In this case, the uranium bearing ore remains underground in contrast to the conventional methods of extraction (mining and open-pit). The International Atomic Energy Agency (IAEA) acknowledges this technology as the most environment friendly and safe method of deposit development, which does not require significant expenses for reclamation. Total cost in the ISL enterprises is approximately 2 to 3 times lower than in the enterprises with conventional methods of uranium production (mining and open-pit). Kazatomprom also represents Kazakhstan in the joint ventures with Russian Tekhsnabexport, French Areva and Canadian Cameco.
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Wikipedia