LONDON: JSC National Atomic Company (Kazatomprom) presented at the Bank of America Merrill Lynch mining conference in Barcelona on Thursday and announced a landmark fuel supply agreement with Spanish Nuclear Utility, ENUSA.
Kazatomprom participated in the BAML Global Metals, Mining & Steel Conference in Barcelona, Spain, May 14 – 16, 2019, where the company met with existing shareholders and prospective international institutional investors. Chief Executive Officer, Galymzhan Pirmatov, presented the very attractive investment case of the Company, while Chief Strategy and Marketing Officer, Riaz Rizvi, spoke about current uranium market conditions on a panel discussion.
Moreover, Kazatomprom reached a supply agreement with the Spanish company, ENUSA Industrias Avanzadas, S.A., S.M.E. ENUSA is the Spanish state company responsible for the acquisition, fabrication and transportation of nuclear fuel, and the agreement is important to the development of Kazakh-Spanish cooperation for the peaceful use of nuclear energy.
With this agreement, Kazatomprom continues to enhance the geographic diversity of its contract portfolio and expand into new markets for its products. It marks the first commercial arrangement between Kazatomprom and ENUSA, and it follows on first-time agreements signed in 2018 between Kazatomprom and newly acquired customers in Sweden and Brazil.