Rosatom will lose the right to mine uranium at the Akdala deposit at the end of March 2026

Rosatom will lose control over the Akdala uranium deposit from the end of March 2026. The deposit will come under the management of JSC "National Atomic Company \"Kazatomprom\"." This was reported by the company’s press service.

Previously, uranium mining was carried out by the joint venture YuGKhK, 70% of which is owned by Uranium One (part of the structure of Rosatom State Corporation), and 30% by Kazatomprom.

By the time the contract is completed at the Akdala deposit, the remaining unmined uranium reserves are projected at about 1.5 thousand tonnes. To fully extract them, operations need to continue until 2030 in order to avoid suspension or disruption of the technological process.

Kazatomprom’s report emphasizes that the company is considering the possibility of obtaining a new subsoil use contract for the Akdala deposit in order to preserve its production potential.

Kazatomprom is the world’s largest uranium producer. In 2024, its share of global production amounted to about 21%. The company develops 27 deposits through 14 uranium mining enterprises located in Kazakhstan and has the industry’s largest uranium reserve base — 300 thousand tonnes. Kazakh uranium concentrate meets more than 40% of the needs of the global nuclear power industry and is supplied to virtually all countries where nuclear power plants operate.

Uranium One (part of Rosatom State Corporation) is an international uranium mining company and one of the world’s largest producers. It is engaged in uranium extraction using the in-situ leaching method in Kazakhstan, Tanzania, and Namibia.

Kazatomprom noted that the obligations of the previous subsoil user had been fully fulfilled, and the rights of partners from the Rosatom structure had been respected.

Earlier, www1.ru reported that Rosatom is resuming the Bolshoi Elkon project to provide the country with uranium for centuries.