[4] Kazatomprom is Kazakhstan’s national operator for the export and import of uranium and its compounds, nuclear power plant fuel, special equipment and technologies.

Its status as a national company provides certain advantages, including, among other things, obtaining subsoil use agreements (in-situ recovery mining licences) through direct negotiation with the Government of Kazakhstan.

[5] In the wake of the Russo-Ukrainian war, the EU has focused on Kazatomprom for its uranium supplies to replace those from Russia, given the firm is developing its own refinement facilities and new transportation routes avoiding Russian territory.

[7] With the IPO, Kazatomprom became the first portfolio company of Samruk-Kazyna JSC to have shares offered on the international capital market as part of the Comprehensive Privatization Plan for 2016-2020 announced by the Government of Kazakhstan.

In 2009, production had reached 13,500 tU (~35 million lb U3O8), making Kazakhstan the world's largest producer and achieving its target a year ahead of schedule.

[12] Amid continued weak market conditions, the company subsequently extended its production reduction strategy through to 2022,[13] after delivering on the commitment to reduce output by 20% against subsoil use contracts in its 2018 and 2019 results.

[14] Although the company is not actively advancing any projects in these areas, it is prepared to expand into those segments of the fuel cycle, should the market signal that more refining and/or conversion capacity is needed.

The LEU Bank, owned by the IAEA and located in Kazakhstan, holds a physical reserve of 90 metric tons of low-enriched UF6 delivered to the facility[16] by Orano of France, and Kazatomprom.

However, based on common geological settings, genetic traits, and territorial isolation, all are generally considered to be sandstone-hosted roll-front uranium deposits occurring in six provinces: Shu-Sarysu, Syrdariya, North Kazakhstan, the Caspian, Balkhash, Ili.

Benefits of ISR over conventional mining methods include lower cost of extraction, smaller environmental footprint and inherently better health and safety performance.

[citation needed] Kazatomprom's Subsidiary, Ulba Metallurgical Plant JSC, provides services for final processing, reconversion, and production of fuel pellets for light water nuclear reactors, which it has done for nearly 40 years.

Kazatomprom's Ulba Metallurgical Plant JSC is also involved in the production of certain rare metals, making the company among the world's largest producers of Tantalum, Niobium, and Beryllium.

One of only three such enterprises in the world, the facility hosts a fully integrated beryllium production cycle and the only tantalum plant in the Commonwealth of Independent States.