Kazatomprom extends license for Akdala uranium deposit

ASTANA. April 30 (Interfax) - Kazakhstan's National Atomic Company Kazatomprom has extended its license for the Akdala uranium deposit, the company said.

"The Atomic Energy Agency and Kazatomprom have signed a new subsoil use agreement for production at Akdala deposit effective March 29, 2026, the company said in a press release on Thursday.

Kazatomprom CEO Meirzhan Yussupov said in March the company planned to extend operations at Akdala for another three years.

The company earlier said it received notice from the competent authority terminating subsoil use rights under the previous exploration and production contract dated March 28, 2026, following its expiration. The deposit was to be transferred to Kazatomprom under a trust management arrangement.

The subsoil use rights for the deposit are held by South Mining and Chemical Company Joint Venture LLP (YUGHK Joint Venture LLP), which is 70% owned by Uranium One, part of Russia's Rosatom, and 30% by Kazatomprom.

Kazatomprom is the national operator of the Republic of Kazakhstan for export of uranium and its compounds, rare metals, nuclear fuel for nuclear power plants, special equipment, technologies and dual-use materials. Kazatomprom is controlled by Kazakhstan's Sovereign Wealth Fund Samruk-Kazyna JSC (62.99%) and Ministry of Finance (12.01%), the remaining 25% are in free float.