National Atomic Company Kazatomprom JSC (hereinafter Kazatomprom or Company) reports that the first batch of fresh nuclear fuel i.e., AFA 3G ТМ fuel assemblies (FA) has been delivered from Ulba-FA LLP plant (joint Kazakhstani-Chinese partnership) to China.
Railway platforms with 34 shipping containers containing fuel assemblies to the volume of one reload (a little over 30 tons of low-enriched Uranium) escorted by special-purpose security have been delivered to NPP in China and accepted by end customer, i.e. Chinese General Nuclear Power Corporation CGNPC-URC.
“Implementation of the innovative project of nuclear fuel manufacture for the NPP is an example of Company’s contribution to mitigating the consequences of global climate change and achieving the global goal of low-carbon development. Ulba-FA plant allowed Kazatomprom diversifying production by extending the lineup and producing high-tech, export oriented high value added Uranium product. Successful product delivery to the Chinese partners confirmed the reputation of Kazatomprom as a reliable and favorable supplier on the global nuclear fuel market”, - announced Yerzhan Mukanov, CEO of NAC Kazatomprom JSC.
The project is a good example of successful multi-party cooperation among the leading global companies in atomic industry. Uranium material mined in Kazakhstan and processed in Ulba Metallurgical Plant is used in FA manufacture.
“I congratulate Ulba-FA LLP team and our partners from China on this tremendous event. The first shipment of ready product made a start for regular FA deliveries; it is important not only to our companies but is quite prominent to both Kazakhstan and China in general in mastering atom for peace”, - reported Sergey Bezhetskiy, UMP JSC Executive Board Chairman.
“I would like to say thank you to all the colleagues who participated in manufacture and first delivery of the ready product to the People’s Republic of China. Well-coordinated work of the Ulba-FA LLP, UMP JSC and URC-Logistics teams with participation of end customer representatives assisted in completing this historical event”, - emphasized Arman Suleimenov, Ulba-FA LLP Director General.
Ulba-FA LLP started operating in November 2021 after passing qualification from the owner of AFA 3G FA manufacture technology, the French company Framatome and getting acknowledged as a qualified nuclear fuel supplier by product end customer i.e., the Chinese General Nuclear Power Corporation CGNPC-URC. This is the only production in the Republic of Kazakhstan manufacturing nuclear fuel for nuclear power plants and that has got guaranteed sales market for 20 years ahead. Plant’s capacity is 200 tons per year if calculated in terms of low-enriched Uranium.
Start of the NAC Kazatomprom JSC innovative production allowed Kazakhstan entering the limited range of the countries-manufacturers and suppliers of nuclear fuel for nuclear power plants opening new opportunities of Kazakhstan atomic industry development and cooperation prospects with other countries in this direction.
For information: FA is an engineering structure that contains fuel rods (FR) i.e., the tubes filled with Uranium pellets, in its skeleton. These assemblies are the fuel for the NPPs. Uranium pellets for fuel rods are manufactured by UMP JSC.
Regarding investor cooperation please contact
Botagoz Muldagaliyeva, Director, IR Department
Cory Kos, International Consultant, IR Department
Tel. +7 7172 45 81 80 / 69
Regarding public relations and mass media inquiries please contact
Sabina Kumurbekova, Director, GR and PR Department
Gazhaiyp Kumisbek, Chief Expert, GR and PR Department
Tel. +7 7172 45 80 63
Kazatomprom is the world’s largest producer of natural uranium, in proportion to Company’s participation, to the extent of about 24% from aggregate global primary recovery of Uranium in 2021. The Group has got the largest backup base of Uranium in the industry. Kazatomprom together with its subsidiaries and related organizations develops 26 deposits joined in 14 Uranium mining enterprises. All Uranium mining enterprises are located in the territory of the Republic of Kazakhstan and use in-situ recovery method when mining Uranium, paying special attention to the advanced practices and means of health protection, industrial safety and environmental protection (qualified according to ISO 45001 and ISO 14001).
Kazatomprom securities are placed on the London Stock Exchange, Astana International Exchange and Kazakhstan Stock Exchange. Kazatomprom is a National Atomic Company of the Republic of Kazakhstan; main Group’s customers are the operators of atomic generating facilities, while main export markets for the product are China, South and East Asia, North America and Europe. The Group sells Uranium and Uranium products under long-term and short-term contracts and on the spot market directly from its corporate center in Astana, Kazakhstan and through its subsidiary trading company in Switzerland, Trading House KazakAtom (ТНК).
To get more detailed information visit our Internet-resource http://www.kazatomprom.kz
Ulba Metallurgical Plant JSC is one of the globally acknowledged manufacturers of Uranium, Beryllium, Tantalum and Niobium products for nuclear power energy, electronics, metallurgy industry purposes and other activity fields. The company is a part of National Atomic Company Kazatomprom.
Ulba-FA LLP is a Kazakhstani and Chinese joint venture; the founders are UMP JSC (a subsidiary of NAC Kazatomprom JSC) holding 51% of participatory interest and CGNPC-URC (a subsidiary of China General Nuclear Power Corporation) holding 49% of participatory interest.
Representations about future
All representations but for historical fact representations included in this communication or document are the representations about future. Representations about future reflect current expectations and estimates of the Company regarding its financial position, activity results, plans, goals, future results and activity. Such representations may include but not limited to the representations preceded, succeeded or utilizing such words as “goal”, “suppose”, “expect”, “intend”, “probably”, “foresee”, “estimate”, “plan”, “project”, “will”, “may have”, “possibly”, “shall”, “may” and other words and terms of similar meaning or their negative forms.
Such representations about future include known and unknown risks, uncertainties and other important factors beyond the control of the Company and which can cause considerable differences between actual results, indicators or achievements of the Company and expected results, indicators or achievements expressed or assumed by such representations about future. Such representations about future are based on multiple suppositions regarding current and future business-strategy of the Company and conditions under which it will operate in future.
INFORMAITON REGARDING ESTIMATES CONTAINED HEREOF IS BASED ON A NUMBER OF SUPPOSITIONS OF FUTURE EVENTS AND IS SUBJECT TO CONSIDERABLE ECONOMIC AND COMPETITIVE UNCERTAINTY AND OTHER CONVENTIONALITIES NONE OF WHICH CAN BE PREDICTED FOR SURE WHILE SOME OF THEM ARE BEYOND THE COMPANY’S CONTROL. NO WARRANTIES OF ESTIMATES IMPLEMENTATION CAN BE GIVEN; ACTUAL RESULTS CAN BE HIGHER OR LOWER THAN THOSE SPECIFIED. NONE FROM THE COMPANY, NEITHER ITS SHAREHOLDERS, NOR ITS DIRECTORS, OFFICIALS, EMPLOYEES, CONSULTANTS, AFFILIATED PERSONS OR ANY REPRESENTATIVES OR AFFILIATED PERSONS OF THE ABOVEMENTIONED, CAN BE HOLD LIABLE FOR THE ACCURACY OF ESTIMATES PRESENTED HEREOF.
Information contained in this communication or document including but not limited to representations about future is applicable only as of the date of this document and is not intended for providing any warranties regarding future results. The Company expressly rejects any obligations of distributing updates or modifications of such information including financial data or estimate representations and will not publish any changes that it may introduce to the information occurring as a result of changes in Company’s expectations, changes in events, conditions or circumstances making a basis for such representations about future or in any other events or circumstances occurring after the date hereof.