Representatives of KAZAKH INVEST at the Central Asia Mining&Metals International Exhibition
Within the framework of the Central Asia Mining&Metals international exhibition, held in Almaty from September 17 to 19 this year, the delegation of JSC "NC "KAZAKH INVEST," headed by Bauyrzhan Aitkulov, the Director of the Projects Department, met with several domestic companies of subsoil users, and foreign investors.
Thus, representatives of the national company held a meeting with a domestic investor, Lomonosovskoye LLP, which is implementing a project to develop an iron ore deposit in the Kostanay region by attracting investments from the UAE and European countries. During the meeting, the parties exchanged views on further work within the project development framework. B. Aitkulov familiarized the company with state support measures for implementing projects to produce high-grade products. The Director also offered cooperation with large companies producing hot briquetted iron and high-quality steel from among KAZAKH INVEST's foreign partners.
In addition, as part of attracting large global companies to exploration projects in the territory of the Republic of Kazakhstan, with the assistance of KAZAKH INVEST, a meeting was organized between the domestic junior subsoil user company and representatives of PJSC MMC Norilsk Nickel. During the meeting, prospects for cooperation in the extraction and development of copper and gold in the Almaty region were discussed. Representatives of Norilsk Nickel are considering investing in mining projects in Kazakhstan and exploring subsurface use areas from the pool of national company projects.
At the end of the bilateral negotiations within the framework of the exhibition, negotiations were held with a large Iranian company in the mining industry, Fakoor Sanat Tehran. The company expressed interest in the implementation of iron ore projects in the territory of the Republic of Kazakhstan, especially in the processing of tailing dumps of large iron deposits in the Kostanay region. In turn, B. Aitkulov familiarized the representatives of the Iranian company with the current situation in the iron ore industry of Kazakhstan and expressed support for the company's initiatives. Following the negotiations, the parties identified the persons responsible and provided further directions for bilateral mutually beneficial cooperation.
At the same time, B. Aitkulov and the Project Manager of the national company Zhaksylyk Khasenov paid a working visit to the Boguta tungsten ore deposit and the processing plant for the production of tungsten concentrate in the Almaty region of Zhetysu Wolframs LLP. The total investment in the project will amount to $350 million with the creation of 1,000 jobs, and the production capacity will exceed 3,300 thousand tons of ore per year. The final product will amount to 15 thousand tons of 65% tungsten concentrate. The investor is the Hong Kong company Jiaxin International Resources Investment.
