Kazatomprom
| Kazatomprom
|
|
|---|---|
 |
|
| legal form | Corporation |
| ISIN | US63253R2013 |
| founding | July 14, 1997 |
| Seat | Nur-Sultan , Kazakhstan |
| management |
|
| Number of employees | 20,592 (2019) |
| sales | 502.3 billion tenge (2019) |
| Branch | Mining |
| Website | www.kazatomprom.kz |
| As of December 31, 2019 | |
Kazatomprom ( Kazakh Қазатомөнеркәсіп ұлттық атом компаниясы / Qasatomönerkässip ulttyq atom kompanijassy , Russian Казатомпром ) is a Kazakh mining company with headquarters in Nur-Sultan that produces mainly radioactive metals . In 2019 the company mined 13,291 tons of uranium , making Kazatomprom the largest uranium mining company in the world with a share of around 24 percent of world production.
activity
Kazatomprom's production mainly includes uranium , beryllium and tantalum .
According to the company, Kazatomprom has around 26,000 employees. The sales of the company amounted to about 90 billion in fiscal year 2006 according to own data Tenge . In the first half of 2010 sales were already 105.7 billion tenge (around 530 million euros ). For the entire financial year, sales increased by 30 percent compared to the previous year to around 231 billion tenge (around 1.16 billion euros).
In 2016 Kazatomprom produced a total of 12,986 tons of uranium, which corresponds to a share of 21 percent of the total uranium production worldwide.
history
Foundation and company development
After the fall of the Soviet Union , the Kazakh economy found itself in a deep crisis, which also affected the country's nuclear industry. With the decline of the Russian ruble , Kazakh products traded in US dollars were expensive compared to products made in Russia. To overcome the crisis, the Kazatomprom company was founded on July 14, 1997 by a decree of President Nursultan Nazarbayev . At that time it comprised the mining company Wolkowgeologija (Волковгеология), three mining sites and the company Metallurgical Plant Ulba (Ульбинский металлургический завод / Ulbinski metallurgitscheski sawod). Nevertheless, the Kazakh nuclear industry lost parts of its previous sales market; In addition, there were restrictions on the sale of Kazakh uranium in the United States , as well as a significant mountain of debt.
Thus Muchtar Schäkischew new CEO of the company. He should lead it out of the crisis by increasing production and reducing costs. In 1999, the German WestLB granted the company an initial loan installment, with the help of which a financial restructuring could be initiated and the debts with Kazakh banks could be repaid. Another achievement was the removal of all restrictions on the sale of uranium previously put in place by the European Union and the United States. Kazatomprom and the Kazakh government successfully sued anti-dumping tariffs in the USA. Investments to modernize and expand the production facilities meant that Kazatomprom was able to increase the production of uranium and to restart the production of beryllium and tantalum . The company had overcome the crisis and was now in a financially stable position.
In 2003, the Kazakh government sold the complex around the former Aqtau nuclear power plant to Kazatomprom. In addition to the decommissioned nuclear power plant, the complex also includes three thermal power plants that supply the Mangghystau area with energy. Since then, the complex has been run under the name MAEK-Kazatomprom (МАЭК – Казатомпром). On March 24, 2005, the Stepnogorski gorno-Khimitscheski Kombinat (Степногорский горно-химический комический комбинат) was transferred to Kazatomprom in Stepnogor, northern Kazakhstan . The management of the company, which had got into financial difficulties, was taken over. In 2006, a new plant for the production of sulfuric acid went into operation in the region in order to be able to maintain production in the nearby mines. In order to be able to increase the production capacity, production was started at the Eastern Mynkuduk deposit with a capacity of 1,000 tons. A new molybdenum enrichment plant was built on the site in Stepnogor .
Rise to the largest uranium producer in the world
Uranium mining began in 2007 at the Mynkuduk West deposit in southern Kazakhstan. The mine is operated by the Japanese-Kazakh joint venture Appak. Kazatomprom owns 65 percent, Sumitomo Group 25 percent and Kansai Denryoku ten percent. In June 2008 a new joint venture was established with the Canadian Cameco Corporation to expand the production of uranium hexafluoride at the Ulba Metallurgical Plant in Öskemen . A strategic agreement with the French company Areva to set up the Katco joint venture provided for an increase in uranium mining. In addition, 400 tons of Kazakh uranium were to be supplied for French nuclear power plants, in return Areva Kazatomprom is providing technical support for the production of nuclear fuel in Öskemen. Cooperation with Chinese companies in particular has been strengthened. An agreement concluded in October 2008 with the China National Nuclear Corporation and the China Guangdong Nuclear Power Corporation provides for long-term supplies to the Chinese nuclear industry, the joint development of Kazakh mining areas and the construction of nuclear power plants in the People's Republic of China.
On April 24, 2008, Khorasan-1 opened in the North Khorasan Mining Area. It is operated by Kazatomprom, a consortium of Japanese companies, and Uranium One . The uranium mined here is primarily intended for the Japanese market. On April 28, 2009, another mine was opened. Irkol, with an annual capacity of 750 tons, is located in the Qysylorda region and is the first mining site within the framework of the Sino-Kazakh cooperation. The commissioning of several mining sites in the past few months made it possible to significantly increase the production volume and so Kazatomprom rose to become the world's largest uranium mining company in 2009.
In 2010 Kazatomprom entered the renewable energy market . In July, two complexes for the production of solar and wind energy were built in the Aqmola region . In May 2011, the foundation stone was laid for a factory for the construction of solar modules in Nursultan ( Astana Solar , Астана Солар). Production started on December 25, 2012. In the following year, the focus on solar energy was further increased. Another plant for the production of solar modules was opened in Öskemen in East Kazakhstan, Kazakhstan Solar Silicon .
In May 2018, it became known that the Kazakh government is seeking partial privatization of Kazatomprom in order to further open up the country's economy. A total of 25 percent of the company's shares are to be sold on the stock exchange at the end of the year and generate estimated proceeds of around 3.5 billion US dollars. The sale of shares in the state airline Air Astana and KazakhTelecom is also planned.
Corporate structure
Business areas
| Samruk-Kazyna | ||||||
|---|---|---|---|---|---|---|
| Kazatomprom | ||||||
|
Extraction and processing of uranium |
Rare earths and precious metals |
Nuclear fuel cycle |
Atomic Energy and Alternative Energy |
Science, technology and education |
production |
Social affairs and advice |
Subsidiaries
Kazatomprom subsidiaries and holdings in 2016:
|
Extraction and processing
Rare earths and precious metals
|
Nuclear fuel cycle and
Atomic Energy and Alternative Energy
Science, technology and education
|
production
Social affairs and advice
|
Corporate governance
Kazatomprom CEO since 1996:
| Surname | Period |
|---|---|
| Baghdat Shayakmetov | 1996-1998 |
| Qadyr Baikenow | 1998 |
| Muchtar Schäkischew | 1998-2001 |
| Asqar Qassabekov | 2001-2002 |
| Muchtar Schäkischew | 2002-2009 |
| Vladimir Shkolnik | 2009-2014 |
| Nurlan Qapparow | 2014-2015 |
| Asqar Shumaghaliev | 2015-2017 |
| Ghalymshan Pirmatov | since 2017 |
Key figures
- Development of the key figures
| Business figures 2007–2019 | |||||||||||||
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |
| Sales (billion ₸ ) | 117.8 | 127.1 | 178.5 | 230.9 | 322.0 | 321.7 | 288.3 | 322.7 | 397.8 | 418.9 | 277.0 | 436.6 | 502.3 |
| Employee | 18,148 | 18,676 | 18.093 | 23.096 | 24,707 | 26,170 | 27,342 | 27,706 | 26,764 | 25,819 | 25,020 | 20,507 | 20,592 |
- Development of uranium production
Products
Kazatomprom, the state-owned company, has radioactive metals in its range. The three main products are uranium , beryllium and tantalum . The rare heavy metal niobium is also extracted. In addition to various metals, the company also produces alloys .
Web links
- Official website of Kazatomprom (English, Kazakh and Russian)
Individual evidence
- ↑ a b c d Kazatomprom: Annual Report 2019 , accessed on July 26, 2020 (English; PDF).
- ^ World Uranium Mining - World Nuclear Association. Retrieved June 27, 2019 .
- ↑ Kazakhstan Boosts 1H Uranium Output By 42% -Kazatomprom ( Memento from May 22, 2016 in the Internet Archive ) (English)
- ↑ Kazatomprom: Company history: 1997–1998 , accessed on August 25, 2018 (English).
- ↑ United States Court of International Trade: Slip Op. 01-08 ( Memento of the original from January 26, 2017 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. , accessed on August 25, 2018 (PDF).
- ↑ Kazatomprom: A Decade of Success , accessed on August 29, 2018.
- ↑ maek.kz: История компании , accessed on August 23, 2018 (Russian).
- ↑ Kazatomprom: Company history: 2008 , accessed on August 25, 2018 (English).
- ↑ Kazatomprom: Company history: 2012 , accessed on August 25, 2018 (English).
- ^ Wall Street Journal: Kazakhstan Plans IPO of World's Largest Uranium Miner , accessed on August 23, 2018.
- ↑ Kazatomprom: Financial statements , accessed August 25, 2018.
- ↑ AHK Central Asia: Investment opportunities with JSC “NAC” Kazatomprom ” , accessed on August 26, 2018 (English, PDF).
- ↑ Kazatomprom: Annual Reports , accessed on August 26, 2018.
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