- CEO
- Meirzhan Bakhitovich Yussupov
- Full Time Employees
- 22,000
- Sector
- Energy
- Industry
- Uranium
- Address
- House 17/12, E-10 Street Astana AS Kazakhstan Z05T1X3
- IPO Date
- Sep 6, 2022
- Business
- JSC National Atomic Company Kazatomprom functions as the premier global supplier and marketer of natural uranium, primarily operating within the Republic of Kazakhstan and across international markets. The company plays a crucial role in the nuclear fuel cycle, engaging in the full scope of uranium operations, from geological exploration and extraction to the processing and distribution of uranium products, including concentrates for nuclear power generation worldwide. Utilizing an environmentally friendly in-situ recovery (ISR) mining technique, Kazatomprom benefits from a distinct cost advantage and a smaller ecological footprint. Beyond its core uranium business, the company diversifies its activities through its Ulba Metallurgical Plant subsidiary, which is a recognized global producer of rare metals such as beryllium, tantalum, and niobium, supplying critical materials to various high-tech industries. Kazatomprom also conducts scientific research and development, aiming to innovate in nuclear technologies and expand its rare metal offerings. Furthermore, it provides essential support services like drilling, specialized transportation, and comprehensive security operations. Recently, the company has emphasized a "value over volume" strategy, selectively adjusting production levels to align with market demand and ensure long-term stability, even planning a nominal output reduction for 2026. Despite these adjustments, Kazatomprom reported significant revenue and net profit growth in 2024, propelled by favorable uranium prices and strategic initiatives, though half-year 2025 saw some revenue shifts due to sales timing. The company remains committed to sustainable practices and holds a strategic position in supporting the global transition toward low-carbon nuclear energy. Established in 1997, the company is headquartered in Astana, Republic of Kazakhstan.