BAKU, Azerbaijan, January 23. Contracts for the uranium mining of two subsidiaries of JSC National Atomic Company "Kazatomprom" were extended, Trend reports, citing the press service of Kazatomprom.
According to the company, the contracts for subsoil use were extended for two state-owned subsidiaries - Kazatomprom-SaUran LLP and RU-6 LLP.
On 20 January 2023, Kazatomprom-SaUran LLP and the Ministry of Energy of Kazakhstan, signed addendums to the uranium mining contracts for Kanzhugan and Eastern Mynkuduk deposits. Addenda to the contracts provide for the extension of the validity period of subsoil use rights. Subsoil use rights at Kanzhugan deposit were extended through to 2047 and subsoil use rights at the Eastern Mynkuduk deposit were extended through to 2027 respectively.
On the same day, an addendum to the contract for uranium mining at Northern Karamurun and Southern Karamurun deposits was signed between RU-6 LLP and the Ministry. The addendum to the contract provides for the extension of the validity of the subsoil use rights at these two mines up until 2040.
NAC Kazatomprom JSC is the national operator of the Republic of Kazakhstan for the import and export of uranium, rare metals, nuclear fuel for nuclear power plants. Since 2009, Kazakhstan has been the world leader in natural uranium mining, and Kazatomprom has priority rights to the country’s extensive reserves.