During an official visit by Kazakhstan’s President Kassym-Jomart Tokayev to Jordan, Kazakhstan’s national atomic company, Kazatomprom, and Jordan Uranium Mining Company (JUMCO) signed a memorandum of understanding to explore joint uranium mining projects. The agreement aims to assess the feasibility of uranium extraction in Jordan and strengthen Kazakhstan’s role in the global uranium industry.
Kazatomprom CEO Meirzhan Yussupov emphasized that the partnership with JUMCO opens new opportunities for international cooperation and enhances Kazakhstan’s strategic expansion efforts. He noted that potential projects outside Kazakhstan would allow for knowledge exchange and contribute to sustainable development.
The memorandum outlines plans to evaluate uranium deposits in Jordan, focusing on refining geological characteristics and implementing heap leaching mining technology. Environmental sustainability and economic viability will be key factors in determining the project’s future.
JUMCO’s General Manager Mohammad Al-Shannag highlighted that the agreement will accelerate Jordan’s commercial uranium production, enabling technology sharing and market insights from Kazatomprom, the world’s leading uranium producer.
Beyond mining, the partnership is expected to boost Jordan’s nuclear industry, create jobs, enhance infrastructure, and engage local contractors. For Kazakhstan, entry into a new market represents a strategic move to solidify its global influence and strengthen bilateral economic ties with Jordan.
Both companies have committed to long-term cooperation based on safety, efficiency, and environmental responsibility. They plan to exchange expertise, adopt new technologies, and improve industry standards, laying the foundation for a sustainable uranium sector in both nations.
Meanwhile, on December 6, 2024, international rating agency S&P Global assigned Kazatomprom a Corporate Sustainability Assessment (CSA) score of 48/100, with an overall ESG rating of 50/100, reflecting the company’s environmental, social, and governance performance.
