ULBA METALLURGICAL PLANT JSCOne of the worldwide recognized producers of Uranium, Beryllium, Tantalum and Niobium products. The company is incorporated into the National Atomic Company “Kazatomprom”
To assure sustainable and continuous development of the Company and meet strategic targets and missions, risk management system has been developed and successfully functioning in the Company.
Objectives of risk management system are as follows:
- Protect interests of the Sole Shareholder of the Company
- Assure strategic, effective and economic stability of the Company
- Minimize the Company’s damage by the unfavorable risk events.
The Company has adopted Risk Management Policy to establish purposes, basic principles of risk management and identify the structure of risk management system and responsibilities of the participants of risk management process in the Company.
Within the integrated policy of NAC Kazatomprom JSC risk management activities are performed in the following areas of the Company:
- Strategic risks
- Operational risks
- Legal risks
- Financial risks
- Investment risks.
Description of methods and procedures of risk management process, including the procedure of report submission and reporting forms, as well as risk management actions and other components of the process are regulated in the internal documentation on risk management as duly approved.