В Атырау
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National Atomic Company “Kazatomprom” JSC (“Kazatomprom” or “the Company”) announces a temporary suspension of production activity, effective 1 January 2025, at block No. 1 of the Inkai deposit. The deposit is located in the Sozak district of the Turkestan region and is operated by JV Inkai LLP.
In accordance with the Subsoil and Subsoil Use Code of the Republic of Kazakhstan, any subsoil use operations can only be conducted under an approved field development project.
However, on 30 December 2024, JV Inkai LLP had not received necessary approvals from the relevant state authorities as initially expected due to delayed submission of the required documentation. To ensure full compliance and avoid breaching the legislation of the Republic of Kazakhstan, JV Inkai LLP has to temporarily suspend its production activity.
JV Inkai LLP is expected to submit the required documentation to the Ministry of Energy of the Republic of Kazakhstan within the next couple of weeks, and the situation shall be resolved shortly afterwards. Under the current circumstances, the Company does not anticipate any significant impact on Kazatomprom's 2025 production plans. As always, Kazatomprom remains fully committed to fulfilling contractual obligations towards all existing customers and has sufficient level of inventories to comfortably manage its deliveries throughout 2025.