Investment News
Kazatomprom Reports on a State Uranium Reserve and New Supply Contracts with India and China

On 3 November 2026, President Kassym-Jomart Tokayev heard a report from Meirzhan Yussupov, Chairman of the Management Board of the national atomic company Kazatomprom, on the company’s operations and strategic priorities.

Key points

  • Work is under way to establish a state strategic uranium reserve.
  • Geological exploration is being carried out at six sites covering more than 1,000 square kilometres, and exploration is planned at the new Kyzyltu site (124 square kilometres).
  • In 2026, new contracts for the supply of natural uranium were signed with major energy companies in India and China.
  • The company is researching more efficient uranium production and the associated recovery of rare and rare earth metals.
  • Kazatomprom allocated more than 13 billion tenge in 2026 to healthcare, education and sports projects.

The President was also briefed on the company’s plans under its 2025–2034 Development Strategy.

Source: Akorda, Office of the President of Kazakhstan