Kazatomprom Sees Supply-Chain Disruption Risk From Kazakhstan Unrest

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by Joe Hope

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NAC Kazatomprom JSC said on Friday that its mines and production facilities are operating normally, but there is a high risk of supply-chain disruptions from the current unrest in Kazakhstan.

The Kazakhstan-based uranium producer said it is taking measures to prevent destabilization of its sites, responding quickly to any emerging issues and has stepped up security measures.

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The company said that although its sites have not yet been affected by the unrest, there remains a high risk of supply-chain disruption. It added that blockages and partial suspension of railway services in some parts of the country may result in limited access to key operating materials.

Protests began in Kazakhstan when the government lifted the fuel-price cap, causing prices to double. After this, demonstrations spread throughout the country, including the country’s largest city, Almaty.

The protests prompted the government to resign, and Kazakh President Kassym-Jomart Tokayev imposed a state of emergency in the former Soviet republic, the world’s largest uranium producer.

Write to Joe Hope at [email protected]

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