KFICA Members list
Cameco, with its head office in Saskatoon, Saskatchewan, is one of the world’s largest uranium producers, providing approximately 16% of world uranium production. Cameco’s mining operations are located in Canada, the United States and Kazakhstan. Cameco is also a major supplier of conversion and nuclear fuel services. The company’s uranium products are used to generate electricity in nuclear energy plants around the world, providing one of the cleanest sources of energy available today. Cameco’s shares trade on the Toronto and New York stock exchanges. In Kazakhstan, Cameco partners with national atomic company Kazatomprom in Joint Venture Inkai.
JV Inkai is a joint venture of Cameco and Kazatomprom created to develop uranium resources in Kazakhstan. The first uranium development agreement between Cameco and Kazakhstan was signed in 1993. The result of early exploration and development work was the formation of the joint venture between Cameco and Kazatomprom in 1996 to develop the significant uranium deposit at Inkai. Now, more than a decade later, Inkai is taking its place as an important production center for both companies. Located in South Kazakhstan Oblast, Inkai consists of two production areas (blocks 1 and 2) and an exploration area (block 3) which is in appraisal period. In 2009, mine production using environment-friendly in situ recovery (ISR) technology increased beyond the initial test mining phase as the main processing plant was completed, allowing uranium concentrate to be milled and drummed on the site.
The facility was built and certified to the highest environmental, safety, and occupational health standards. In both 2007 and 2009, Inkai was recognized by Cameco as the company’s top site in an internal safety evaluation of all its mines. The vast majority of the 540 current on-site employees are Kazakhstan nationals. Cameco has also invested more than US$4 million in community investments, centering on the village of Taikonur, where the money helped rebuild the village school and medical station, and improved the water system.
Cameco Kazakhstan LLP was established to both represent Cameco in Kazakhstan, and to provide a corporate structure through which other investments could be made in the country. Its office is located in Astana, capital of Kazakhstan. Cameco Kazakhstan has recently developed a corporate social responsibility (CSR) program and is currently implementing social projects including a Nazarbayev University book donation and a South Kazakhstan youth scholarship program.
As a reliable investor in Kazakhstan, Cameco was honored to become a member of the FIC on December 2009 and actively participates in different activities of the FIC. Cameco is involved in two working groups and in July 2011, Galymzhan Pirmatov, president of Cameco Kazakhstan, assumed a chairmanship on the KFICA board.
As Cameco looks to the future and meeting international demand for uranium, a growing percentage of its production will be related to Inkai and Kazakhstan, making both Inkai and Kazakhstan important not only to Cameco, but to the world.
General Information on Cameco Kazakhstan LLP and JV Inkai
Business office of JV Inkai is located in Almaty, Kazakhstan. 17 Mitina Street, 050020
Business office of Cameco Kazakhstan is located in Astana, Kazakhstan. 6 Sary-Arka, BC "Arman", office 920
Parent company: Cameco