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Qatar Mining Company is looking to invest up to $ 50 million in Kazakhstan’s deposits

Qatar Mining Company is looking to invest up to $ 50 million in Kazakhstan’s deposits

Qatar Mining Company plans to implement an investment project for the extraction of gold and copper in Kazakhstan.

Arab investors found out about the country's investment opportunities in the field of gold, copper and other commodities during their first visit to Kazakhstan. Qatar Mining is looking to invest in the mining projects with the value from USD10 million to USD50 million. The main criteria for investing are the mining projects at the production or development stages.

During the meeting with Qatar Mining Company, Saparbek Tuyakbayev, the CEO of Kazakh Invest, informed that the company will be assisted on a wide range of issues. In particular, investors will receive support in identifying a local partner and establishing a dialogue with the government agencies.

“We met with Kazakh Invest and they provided us with great support in clarifying requirements and logistics as well as the detailed information on the mining companies we met with. In my opinion, they are strong partners for us in this country. We will be developing good relationships with Kazakh Invest,” said Khalid Al-Obaidli, the CEO of Qatar Mining Company.

“Once Qatar Mining Company finds interesting investment projects, in which they are willing to participate, we, acting as a single negotiator on behalf of the Government of the Republic of Kazakhstan, will support them in registering business, obtaining various permits and approvals as well as securing the investment incentives”, - explained Almas Agibaev, Managing Director of Kazakh Invest.

Qatar Mining Company, fully owned by the State, was founded in 2010. To date, the company has developed two big projects, one of which is a subsidiary company conducting exploration activities in Sudan. The project is currently at the advanced exploration stage of a copper-gold porphyry deposit. Another project is a metallurgical plant established in Algeria.

 

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