Kazakhstan will receive more than $100 million in investments from China for the development of mineral deposits, according to the press service of the Ministry of Foreign Affairs of Kazakhstan.
Chen Jinghe, Chairman of the Chinese company "Zijin Mining Group Co. Ltd," discussed the prospects of an investment project for the extraction of gold, copper, and polymetals in the country with Kazakhstan's Deputy Minister of Foreign Affairs Alibek Kuantyrov and Chairman of the Board of JSC "NC Kazakh Invest" Yerzhan Elekeev. Currently, investors are actively searching for a suitable deposit to implement the project.
"As part of the considered projects, the company plans to build a processing plant for the production of non-ferrous and precious metal concentrates, which will be sent to Kazakhstan's metallurgical plants for further metal smelting," the ministry's statement said, reports Ritmeurasia.ru.
The investors stated that "Zijin Mining" plans to conduct geological exploration on new sites to increase Kazakhstan's mineral resource base. In the initial phase of the project, $100 million will be invested, which will create more than 1,000 jobs and support the development of small and medium-sized businesses.
Kuantyrov informed the attendees about the investment climate in Kazakhstan and the state's support measures.
"We place high importance on the mining industry. The concept of developing Kazakhstan's geological sector emphasizes the significance of exploration and mining for the country's economy. We are ready to provide comprehensive assistance for the successful implementation of your project in Kazakhstan," Kuantyrov concluded.
CentralasianLIGHT.org
August 16, 2024