Kazakhstan allocates $2bn to mining, metallurgy, chemical sectors

The National center for integrated processing of mineral resources of the Republic of Kazakhstan said that the total amount of investment in a new production of the mining and metallurgical and chemical industries in Kazakhstan and abroad will be more than $ 2 billion in the coming years.

"The Karaganda plant of complex alloys - $ 262 million - last week signed an agreement with the Development Bank of Kazakhstan and the Karaganda regional administration. A Dutch company is an investor. The plant manufactures furnaces for Chinese companies - 200 thousand, but the first stage of this plant will be launched by the end of 2020. This plant should bring the volume of production up to 500 thousand tons, and the investment will be about $ 500 million in Kazakhstan. Also in Karaganda, we are launching a production of refined ferromanganese," said CEO of the organization Abdurasul Zharmenov at a press conference in Nur-Sultan.

As noted in the press service of the Ministry of Industry and Infrastructure Development of the Republic of Kazakhstan, dozens of factories and plants with the investments of more than 3.5 billion US dollars have been built on the basis of scientific and technical developments of the National center in different parts of the world. The annual output of marketable products at these enterprises at current prices exceeds $ 4 billion. "A large project on the same alloy begins in Iran, where the volume of investments under the state guarantees of the Iranian government is $ 1,600 million," Zharmenov added.

In addition, he reported on the scientific developments of the center, which are introduced at the Kazakhstani enterprises.

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