Kazatomprom announces management change

LONDON, UK: JSC National Atomic Company “Kazatomprom” (“Kazatomprom” or “the Company”) announces the following change to the Company’s senior management team.

Mr. Aslan Bulekbay, Kazatomprom’s Chief Operating Officer (COO), has decided to pursue other opportunities and resigned from his position effective 05 March 2022.

Mr. Bulekbay was in the role of COO since September 2021 and the Company wishes to thank him for his contributions in maintaining pandemic protocols, overseeing Kazatomprom’s operational response during the January civil protests in Kazakhstan and safely delivering on the production plan during the second half of 2021.

The Company, with the support of the Board of Directors, has initiated a recruitment process to assess appropriate candidates for the COO role. Aliya Akzholova, currently Director of the Mining Department at Kazatomprom, will act as interim COO while the process to identify and appoint a new COO is completed.

Kazatomprom is the world’s largest producer of uranium, with the Company’s attributable production representing approximately 24% of global primary uranium production in 2021. 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. All of the Company’s mining operations are located in Kazakhstan and extract uranium using ISR technology with a focus on maintaining industry-leading health, safety and environment standards.

Kazatomprom securities are listed on the London Stock Exchange, Astana International Exchange, and Kazakhstan Stock Exchange. 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. 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).


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