Chinese company to Develop Tungsten Ores
Director of the Project Department of JSC "NC "KAZAKH INVEST" Bauyrzhan Aitkulov met with representatives of the Department of Natural Resources of Jiangxi province and Jiaxin International Resources Investment Ltd. The parties discussed the progress of the "Industrial development of the Boguty tungsten ore deposit" project in the Almaty region, which was implemented with the support of KAZAKH INVEST.
The $350 million project is expected to be put into operation in November this year. The project will create about 1,000 jobs, and the production capacity will amount to more than 3.3 thousand tons of ore per year, followed by the production of 15 thousand tons of 65% tungsten concentrate.
During the meeting, Deputy Director General of the Department Zhang Longfei expressed his gratitude to KAZAKH INVEST for its support in implementing the Boguta project. He also stressed the willingness of other companies in Jiangxi province to invest in mining projects and develop their activities in Kazakhstan.
In turn, B. Aitkulov said that KAZAKH INVEST is ready to provide full support to Chinese companies from Jiangxi province in implementing projects in Kazakhstan and also presented investors with the necessary information on promising mining projects from the national company's investment project pool.
