Kazatomprom has summarized the preliminary results of production activities for the year 2010

The uranium sales volume of JSC NAC Kazatomprom, excluding subsidiaries and joint ventures, was amounted to 9,000 t U in 2010, the revenue of uranium product in 2010 was increased by 30% in comparison with 2009.
By the end of 2010 the portfolio of orders of JSC NAC Kazatomprom was amounted to about $ 17 billion.
In May 2010 JSC NAC Kazatomprom made the debut issue of eurobonds amounting to $ 500 million, for 5 years with a coupon rate of 6.25%. The bonds were issued in accordance with RegS/144A and Kazakhstan legislation. The eurobonds were offered on the regulated securities market of the Republic of Kazakhstan along with the bonds placement in the territory of foreign countries. The funds raised from the placement of eurobonds are to be used for general corporate purposes. The issue was led by JPMorgan, BNP Paribas and JSC Halyk Finance. Strategic goals of JSC NAC Kazatomprom are focused on achieving a leading position in the world uranium market, the maximum diversification of the Company’s activity through participation in the foreign assets of the Nuclear Fuel Cycle (in the stages of uranium conversion and enrichment, nuclear fuel production, nuclear power plants construction), as well as the development and use of scientific and technical potential of the Company to diversify into related high-tech areas.
The main strategic objective of the Company is to maximize profits gained from each kg U produced in the Republic of Kazakhstan at all of the subsequent stages of the Nuclear Fuel Cycle through the efficient and optimum utilization of the mineral resources base of uranium in the Republic of Kazakhstan, depending on market conditions.
Thus, in the area of uranium conversion JSC NAC Kazatomprom and Cameco Corporation are working together on implementing the joint project for conversion facilities construction. In 2010 Memorandum of Understanding concerning the development of refinery production at JSC UMP (a subsidiary of JSC NAC Kazatomprom) and expansion of conversion capacity at the facility of Springfields (UK).
In 2010 Rosatom State Company and JSC NAC Kazatomprom reached the agreements in the area of uranium enrichment on further development of the project CJSC Center for Uranium Enrichment according to the alternative option, which assumes participation of Kazakhstan side in the share capital of Ural Electrochemical Plant (UECP, Novouralsk city). The deal of acquisition of UECP’s shares is scheduled for 2011.
On October 27, 2010, during the official visit of Nursultan Nazarbayev, the President of the Republic of Kazakhstan, to France the Agreement was signed between JSC NAC Kazatomprom and AREVA in the segment of nuclear fuel production on implementation of joint activities in production of fuel assemblies at JSC UMP. The company, which is 51 % owned by Kazatomprom and 49 % by AREVA, will construct a new line for fuel assemblies production on the basis of AREVA project for the plant located in Ust-Kamenogorsk. The new plant with capacity of 400 tons per year is supposed to be put into operation in 2014.
In 2010, JSC UMP completed the certification process of fuel pellets made of uranium dioxide as per AREVA’sspecifications. JSC NAC Kazatomprom was awarded the right to produce fuel for reactors of AREVA design, used in many countries around the world.
In 2010 JSC UMP and Nuclear Fuel Industries Ltd. (NFI), Japan, implemented a certification of uranium dioxide powder, produced by JSC UMP for Japanese nuclear power plants, which allowed JSC UMP  to supply the nuclear fuel components to Japanese market.
In addition in 2010 JSC UMP successfully completed the certification of production of uranium fuel pellets at China Jianzhong Nuclear Fuel (CJNF), an entity of China National Nuclear Company (CNNC). Thus, a large scale project was launched for supply of uranium fuel pellets to China which will be used in fuel production for largest nuclear power plant owner in China - China Guangdong Nuclear Power Corporation (CGNPC).
In the area of establishment in the Republic of Kazakhstan of new high technology and science intensive production facilities designed for manufacturing of maximum readiness products on the basis of rare and rare earth metals SARECO JV LLP was established by JSC NAC Kazatomprom and Sumitomo Corporation, Japan. The establishment of the Joint Venture by JSC NAC Kazatomprom and Toshiba Corporation, Japan is on the final stage.
In 2010 JSC NAC Kazatomprom implemented the following projects in the area of renewable energy development in the Republic of Kazakhstan:
·        In June 2010 self-contained energy complexes on the basis of wind and solar energy were put into operation in Astana City;
·        Serial production of wind driven power plants (windmills) was started on the basis of Mashzavod LLP (Ust-Kamenogorsk city), an entity of Kazatomprom;
·        Legmash LLP for production of heat pump installations (HPI) was established, and HPI production was commenced at Mashzavod LLP;
·        On October 27, 2010 in the course of the official visit of N.A Nazarbayev, the President of the Republic of Kazakhstan, to France the Memorandum on Joint Research in the Field of Solar Energy (Photovoltaics) was signed between JSC NAC Kazatomprom and the Commissariat on Atomic Energy and Alternative Energy of the French Republic (CEIS).
 
KAZATOMPROM is a national operator of the Republic of Kazakhstan for import and export of uranium and its compounds, rare metals, nuclear fuel for nuclear power plants, special equipment, technologies and dual-use materials. The Company’s main activities include geological exploration, uranium production, output of nuclear fuel cycle products, construction of reactors and nuclear power plants, non-ferrous metallurgy and production of construction materials, power industry, science, social welfare and personnel training. At present, over 26,000 people are employed by the Company. Kazatomprom is one of the top uranium world producers.