NAC Kazatomprom announces extension of subsoil use contracts of two subsidiaries

24.01.23 09:53
/KASE, January 24, 2023/ – NAC Kazatomprom JSC (Astana), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated January 23, 2023: quote JSC National Atomic Company "Kazatomprom" ("Kazatomprom" or "the Company") announces that the Ministry of Energy of the Republic of Kazakhstan ("the Ministry") granted an extension of uranium mining contracts to the Company’s two wholly-owned (100% share ownership) subsidiaries – Kazatomprom-SaUran LLP and RU-6 LLP. On 20 January 2023, Kazatomprom-SaUran LLP and the Ministry 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 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. unquote The complete press release is available on KASE website – [2023-01-24]