![]() ![]() About China General Nuclear Power CorporationĬGNPC and its affiliates provide professional services for key components in the nuclear power industrial chain, including nuclear fuel, engineering design, technology research and development, engineering construction, and daily operations. ![]() ![]() The Group sells uranium and uranium products under long-term contracts, short-term contracts, as well as in the spot market, directly from its headquarters in Nur-Sultan, Kazakhstan, and through its Switzerland-based trading subsidiary, Trade House KazakAtom AG (THK).įor more information, please see the Company website at. As the national atomic company in the Republic of Kazakhstan, the Group's primary customers are operators of nuclear generation capacity, and the principal export markets for the Group's products are China, South and Eastern Asia, Europe and North America. Kazatomprom securities are listed on the London Stock Exchange and Astana International Exchange. All of the Company's mining operations are located in Kazakhstan and mined using ISR technology with a focus on maintaining industry-leading health, safety and environment standards (ISO 45001 and ISO 14001 certified). The Group benefits from the largest reserve base in the industry and operates, through its subsidiaries, JVs and Associates, 26 deposits grouped into 14 mining assets. 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. Upon completing the Transaction, Kazatomprom will retain a controlling 51% interest and CGNPC or its affiliates will acquire a 49% interest in Ortalyk LLP, with each partner purchasing a proportionate share of uranium production from the operation according to interest.Įmail: Public Relations and Media InquiriesĮmail: copy of this announcement will be made available at About Kazatomprom The Transation is subject to conditions, governmental, and legislative approvals, and is expected to close by 30 June 2021. On 22 April 2021, the SPA was signed and the parties agreed to the valuation determined by one of the four major international advisory and professional services firms, whereby a 49% share of the operation was assessed a value of approximately USD 435 million. CGNPC provided a guarantee that Ulba-FA's production will be purchased by CGNPC, in exchange for Kazatomprom agreeing to sell to CGNPC or its affiliates, a 49% interest in the Company's wholly owned subsidiary, Ortalyk LLP (the "Transaction"). JSC National Atomic Company "Kazatomprom" ("Kazatomprom" or "the Company") announces the signing of the Sale and Purchase Agreement ("SPA") for the sale of a 49% share of Ortalyk LLP to a subsidiary of China General Nuclear Power Corporation ("CGNPC"), subject to conditions and governmental approvals.Īs previously disclosed, (" Kazatomprom-CGNPC Cooperation Agreement Update", 29 December 2020, " Kazatomprom 2020 Financial Results", 16 March 2021) under the Kazatomprom-CGNPC cooperation agreements, the parties agreed to construct a fuel assembly plant ("Ulba-FA") at the Ulba Metallurgical Plant. Currency: KZT (₸), unless otherwise notedĢ3 April 2021, Nur-Sultan, Kazakhstan Kazatomprom Announces Signing of Ortalyk Transaction ![]()
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