Contracts for subsoil use of two Kazatomprom subsidiaries were extended
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.