NAC Kazatomprom JSC has summarized the results of its production activity for the first half of 2010

MAEC-Kazatomprom LLP, the enterprise of the Holding producing energy and water for Aktau city and Mangistau oblast, produced 2,143 mln. kW*/hour of energy, 1,538 ths. Gcal of heat energy and 538 mln. m3 of water.
Total Kazatomprom’s revenues for the first half of 2010 made up 105 bln. and 687 mln. tenge, which is 58% more in comparison with the same period of 2009. Such growth in income (almost twofold) resulted from the increase of uranium products sales volume.
Net profit increased by 64% and made up 19 bln. and 414 mln. tenge.
Subject to the Act of the State Acceptance Commission the following facilities were put into commission in the first half of 2010:
- the industrial complex and the wellfield of JV Inkai LLP (joint Kazakhstan-Canadian venture) under the project «Inkai-1 ISL mine on Inkai deposit».
- the 1st stage of the expanded pilot uranium production by in-situ leaching method (ISL) at Budyonovskoye deposit, Site 2, carried out by Karatau LLP
- house complex for 245 persons on the territory of the field camp of Baiken-U LLP located in the rural district Baikenzhe, Zhanakorgan district, Kyzylorda oblast.
The strategic objective for the Holding is still the realization of projects relating to the Nuclear Fuel Cycle establishment. In the first half of 2010 Rosatom SC and Kazatomprom JSC reached agreements on the alternative development of Uranium Enrichment Center (UEC) which supposes Kazatomprom’s participation in the capital of Ural Electro Chemical Plant (UEСP, Novouralsk).
Nuclear Fuel Industries Ltd. (NFI) has certified uranium dioxide powders produced by Ulba Metallurgical Plant (UMP) for Japanese nuclear plants. The certification will make it possible for UMP to proceed to uranium dioxide powder supplies to Japanese market.
The joint venture “Summit Atom Rare Earth Company” (SARECO) was founded in March 2010 becoming the practical realization of the project on the «Development of RM and REM production in the Republic of Kazakhstan».
Kazatomprom and Toshiba Corp. signed the agreement on establishing a joint venture for research, exploration, production and sales of rare and rare earth metals products and materials. New JV with Toshiba Corp. is expected to be established in the 2nd half of 2010.
Kazatomprom participates in the large-scale program for the development of alternative energy in Kazakhstan. In June 2010 the autonomous power complexes, based on wind and solar energy were put into operation in the Capital’s Greenbelt (Akmolinsk oblast). Full-scale production of wind-electric sets is planed to be established at Mashzavod JSC (Ust-Kamenogorsk) which is a part of Kazatomprom.
The first half of 2010 saw the inaugural issue of Kazatomprom’s Eurobonds to the amount of US$ 500million, for the term of 5 years, with the coupon rate of 6.25% which is the best indicator in the history of Eurobond placement by the issuers of the emerging markets.
Funds raised from Eurobonds placement are planned to be used for future investments, particularly in the field of uranium conversion and enrichment.
Kazatomprom is the national operator of the Republic of Kazakhstan for export of uranium and its compounds, rare metals, nuclear fuel for nuclear power plants, special purpose equipment, technologies and double-use materials. The main activities of the company are: geological exploration, uranium production, manufacture of nuclear fuel cycle products, reactor construction, nuclear power plants, production of construction materials, the electric energy sector, scientific support of production and social welfare and training of personnel. Today Kazatomprom has more than 26,000 employees and is amongst the leading uranium production companies in the world.