2025-12-29【天然铀】哈原工获得新法律下的优先权

阿斯塔纳 - 哈萨克斯坦国家原子能公司Kazatomprom周一宣布，该国总统已签署《地下资源使用法》修正案，赋予该铀生产商扩大的勘探和生产优先权。

根据新闻公告，这项于12月26日签署的法律赋予Kazatomprom获取前景区域勘探许可证以及储备含铀矿化或矿床区块的优先权。

根据新规定，如果在其他地下资源使用者持有的固体矿物区块上发现铀，这些区域的许可证延期将要求使用者将相关区块归还给国家。此外，发现铀矿床的其他地下资源使用者将不再获得优先生产权。

修正案还加强了新铀生产协议的所有权要求。授予Kazatomprom的任何新地下资源使用协议的转让只允许给该公司持有75%以上权益的实体，高于此前50%的门槛。这些要求仅适用于新协议，不影响现有协议。

对于现有协议的延期或超出批准水平的产量增加，新法律现在要求Kazatomprom在合资企业中至少持有90%的所有权，或者外国合作伙伴将铀转化和浓缩技术转让给Kazatomprom或共同建立的实体。

该法律还规定，在生产中的铀矿床进行额外勘探的权利专属于Kazatomprom或其持有至少90%权益的实体。

Kazatomprom表示，这些监管变化不涉及在现有协议确立的参数范围内对现有合资企业的所有权权益进行修订或变更。

Kazatomprom在阿斯塔纳国际交易所(AIX:KAP, KAP.Y)和伦敦证券交易所(LSE:KAP)上市。

National Atomic Company “Kazatomprom” JSC (“Kazatomprom”) announces that on 26 December 2025 the President of the Republic of Kazakhstan signed a law on the “Amendments and Additions to the Code of the Republic of Kazakhstan ‘On Subsoil and Subsoil Use’ regarding the improvement of subsoil use in the hydrocarbon and uranium sectors” (the “Law”).

Kazatomprom highlights the following key uranium-related changes introduced in the Law that impact its operations as the national company in the uranium sector (the “National Company”).

Uranium Exploration at Prospective Areas

In accordance with the Law, the National Company is granted priority rights to obtain exploration licenses for prospective areas, along with the ability to reserve blocks containing uranium mineralization and/or deposits.

If uranium mineralization and/or deposits are discovered on solid mineral blocks held by other subsoil users, license extensions for such areas are contingent upon the subsoil users relinquishing the relevant blocks to the State. Furthermore, should other subsoil users discover a uranium deposit within solid mineral formation, they do not acquire a priority right to uranium production.

Production Rights under New Subsoil Use Agreements

Should the National Company be awarded a new subsoil use agreement (“SUA”) for uranium production, any subsequent transfer of the SUA is permitted only to a legal entity in which the National Company directly or indirectly holds an interest of more than 75%. The previous version of the Code allowed for such transfers to entities where the National Company held an interest of more than 50%. These new requirements apply exclusively to new SUAs and do not affect existing SUAs.

Extensions of SUA’s Expiration Periods and Increases in Production/Reserve Volumes

The extension of the SUA’s expiration periods, as well as increases in production volumes and/or uranium reserves beyond currently approved obligations (or levels) under the existing SUAs for uranium production, are permitted only if one of the following conditions is introduced to such SUA. The National Company’s direct or indirect ownership interest in the joint venture holding such SUA (“JV”) is at least 90%, or the foreign partner (shareholder) of the JV transfers uranium conversion and enrichment technologies to the National Company or to a jointly established legal entity under the terms specified in the Law. These terms include the construction of a plant and a guaranteed contract for at least 50% of the output of such plant for the entire duration of the SUA extension.

Additional Regulatory Provisions

The amendments introduced by the Law also clarify the grounds for the early termination of SUAs. Specifically, these grounds now include cases involving the full depletion and/or development of uranium reserves under existing SUAs as of 1 January 2024, as well as the failure to fulfill obligations regarding the increase of the National Company’s ownership interest or the transfer of conversion and enrichment technologies specified above.

Furthermore, the right to conduct additional exploration at producing uranium deposits is reserved exclusively for the National Company or entities in which the National Company holds at least a 90% interest. If additional exploration was conducted by another subsoil user after 1 January 2024 and resulted in an increase in uranium reserves, the right to such incremental reserves is not transferred to that subsoil user. Under such circumstances, the National Company is required to reimburse the actual exploration costs incurred, provided they are substantiated and verified by an independent auditor.

Kazatomprom emphasizes that the regulatory changes do not entail revisions or changes of ownership interests in existing JVs within the parameters established under current SUAs.

Kazatomprom remains committed to the efficient utilization and replenishment of its resource base creating long-term value for all stakeholders, strengthening its position as a global leader in the nuclear industry, and contributing to the global transition to clean energy.

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