TENEX has drawn up preliminary results of its 2021 activities
TENEX, JSC (a company of ROSATOM) took preliminary stock of 2021, with revenue gained by the TENEX Group from its long-established and newly launched business lines exceeding $2.6 billion. “The year of 2021 has been record-breaking for us in terms of the key performance indicators. TENEX Group’s portfolio of foreign orders has reached $22 billion,” said Sergey Polgorodnik, Director General, TENEX, JSC.
TENEX, JSC achieved all the targets on its Export-Import Program proving its reputation as a reliable supplier. Over the past year, 31 new contracts for the supply of uranium products with customers in 7 countries were signed.
An important milestone was a technical audit successfully conducted at SCP, JSC that allowed to kick-start the practical implementation of the long-term contracts, which were signed between TENEX, JSC and Electricite de France SA in 2018 for handling reprocessed uranium.
As part of its cooperation with Japan to assist in eliminating specific consequences of the accident at the Fukushima Daiichi Nuclear Power Plant, TENEX completed a two-year project on predicting the properties of corium (materials of the damaged reactor core), making it possible to use the obtained data in corium removal, transportation, and storage.
A significant result is the agreement between Uranium One Holding N.V., a company within the TENEX Group, and the Canadian Alpha Lithium Corporation on the purchase of shares of Alpha One Lithium B.V. and Alpha Argentina S.A. with the view of developing a lithium deposit in Argentina. This is an important practical step in the implementation of the roadmap for high-tech developments in the Russian Federation “Technologies of New Materials and Substances”, which was approved by the Russian Government in April 2020.
TENEX Group continued with the implementation of the strategy for optimizing its uranium asset portfolio aimed at improving economic efficiency. In December 2021 the deal was closed for selling all of the shares of Uranium One Investments Inc.’s subsidiary Uranium One Americas, Inc. (USA) to the U.S.-based Uranium Energy Corp. “We have done a great job in order to make it a win-win deal. TENEX Group continues to cooperate with its U.S. partners in line with our core business – we supply uranium products in due time to meet our existing contractual obligations and take part in tender procedures with competitive offerings. In 2021, in accordance with the modalities of the Agreement Suspending the Antidumping Investigation on Uranium from the Russian Federation we contracted almost all available export quotas until 2028,” commented Sergey Polgorodnik.
In order to develop TENEX’s logistics, in particular, the Euro-Asian transit corridor, NFC Logistics, JSC entered into a number of cooperation agreements with FESCO Transportation Group and the Commercial Port of Vladivostok to enable international multimodal transportation from Russia to the APAC countries.
TENEX also continued to apply a systemic approach to sustainable development. In September 2021, following public discussions with stakeholders, TENEX Group adopted a new version of the Supplier Code of Conduct, which integrates the most recent international requirements and sustainable development approaches.