In my search for global energy and uranium markets, I found the world leader in uranium mining - Kazatomprom $KAP (+1,16%) .
$KAP (+1,16%) Kazatomprom is the largest uranium producer in the world with a share of about 20-24% of global uranium production. They mine using an efficient extraction technology, namely ISR extraction. This allows them to keep costs low and work efficiently. The aim is also to protect the environment a little more, which is difficult to understand when mining earth.
Due to their proximity to the state and Kazakhstan's national nuclear corporation, they have special privileges and are not subject to competitive procedures. In other words, a state-owned moat share.
In 2023, sales increased by 43%, but uranium prices have also risen sharply. Which is also an advantage due to high demand. For me, uranium is the contaminated gold, so to speak.
Kazatomprom also relies on sulphuric acid production, which strengthens the input supply, stabilizes costs and also has less impact on the environment.
The dividend yield is currently €2.03 or just over 5%. Robust earnings power should result in a stable dividend policy.
The working conditions in the mining area comply with ISO 14001, OHSAS 18001 and have a very low level of radiation exposure for employees.
For dividend investors looking for stable demand for uranium in the coming years, this may be an opportunity and an interesting addition.
For some, this share may still be an unknown commodity. This article is only an introduction to the company, not a cheap or expensive investment opportunity.
