ASTANA, Kazakhstan, March 18. Kazakhstan’s
national nuclear company Kazatomprom is working on concluding a
long-term contract to supply natural uranium concentrates to India,
Chairman of the Management Board Meirzhan Yussupov said during a
meeting with President Kassym-Jomart Tokayev, Trend reports via the
presidential press service.


In the course of the meeting, President Tokayev was briefed on
the company’s performance in 2025 and its plans for the upcoming
period.


According to Yussupov, the total uranium production by
Kazatomprom amounted to 25,800 tons in the previous year, of which
13,500 tons were attributable to the company. Sales volumes
increased by 11%, reaching 18,500 tons.


Yussupov further noted that the company has established a
portfolio of six new prospective uranium sites, spanning over 1,000
square kilometers. Planned investments in exploration are projected
to range between 75–85 billion tenge (approximately $156–176
million) by 2030.


He also emphasized Kazatomprom’s efforts to expand its market
presence. In 2025, the company secured uranium supply contracts
with several European energy firms, including Axpo Power AG
(Switzerland), ČEZ Group (Czech Republic), and Kansai Electric
Power Co., Inc. (Japan).







Furthermore, the company allocated more than 11 billion tenge
($22.8 million) to the socio-economic development of
uranium-producing regions, including 6 billion tenge ($12.4
million) under contractual obligations in the previous year.


In addition, Yussupov also noted that Kazatomprom is
strengthening its focus on research and innovation. A scientific
and technological development strategy through 2034 has been
adopted, aimed at improving production efficiency, reducing
environmental impact, and introducing advanced technologies. Since
its IPO in 2018, the company’s market capitalization has increased
more than sevenfold.


Following the meeting, the president assigned a number of tasks
related to further development of the resource base, expansion of
international cooperation, and implementation of social
initiatives.