JSC National Atomic Company “Kazatomprom” (“Kazatomprom” or “the Company”) reports that a state of emergency and critical level of terrorist threat has been declared in Kazakhstan.
On 02 January 2022, civil unrest began to emerge in the western town of Zhanaozen, Mangystau region, related to a significant increase in the cost of liquefied petroleum gas (LPG, a widely used alternative to gasoline), following the elimination of government price controls on LPG. As the protests spread to major centers, becoming what the Government has deemed large-scale terrorist attacks in Almaty, a state of emergency was declared across the country. The declaration resulted in curfews, a ban on gatherings, restrictions on the movement of people in and out of people. For security purposes, internet access has also been limited.
The Government has attempted to stabilize the socioeconomic situation with the return of price caps on fuel, and by making governmental changes, including the resignation of the country’s current Government. A large-scale anti-terrorism operation was initiated in Almaty following a country-wide pronouncement of an enhanced threat of terrorism.
Kazatomprom is taking all necessary measures to prevent destabilization of its production sites and is promptly responding to any emerging issues. Enhanced security measures are in place at all operations, and all site administrative personnel are working remotely until conditions normalize, a 24-hour hotline in place to keep employees informed of current developments.
As of 07 January 2022, Kazatomprom’s offices, production facilities and mines have not been impacted by the current conditions and are operating normally. However, due to interruptions and partial suspension of railway services in some regions of the country, there continues to be a high risk of supply chain disruptions that could result in limited access to key operating materilas.
The Company continues to monitor and ensure the safety and security of its employees and continuity of its operations; stakeholders will be updated as the situation evolves.
For further information, please contact:
Investor Relations inquiries
Cory Kos, Director of Investor Relations
Tel: +7 7172 45 81 80
PR and Media Relations inquiries
Torgyn Mukayeva, Chief Expert of GR and PR Department
Tel: +7 7172 45 80 63
A copy of this announcement will be made available at www.kazatomprom.kz.
Kazatomprom is the world's largest producer of uranium, with the Company's attributable production representing approximately 23% of global primary uranium production in 2020. Kazatomprom benefits from the largest reserve base in the industry and operates, through its subsidiaries, JVs and Associates, 26 deposits grouped into 14 mining assets. All of the Company's mining operations are located in Kazakhstan and extract uranium using ISR technology with a focus on maintaining industry-leading health, safety and environmental standards (ISO 45001 and ISO 14001 certified).
Kazatomprom securities are listed on the London Stock Exchange and Astana International Exchange. As the national atomic company in the Republic of Kazakhstan, its primary customers are operators of nuclear generation facilities and the principal export markets for the Company's products are China, South and Eastern Asia, Europe and North America. Kazatomprom sells uranium and uranium products under short- and long-term contracts directly from its headquarters in Nur-Sultan, Kazakhstan, and through its Switzerland-based trading subsidiary, Trade House KazakAtom AG (THK).
For more information, please visit our website at http://www.kazatomprom.kz
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