More than $2 billion invested in processing of Kazakhstan's mineral raw materials

The National Center for Integrated Processing of Mineral Raw Materials of the Republic of Kazakhstan told about investments in the development of the organization, the correspondent of MIA Kazinform reports.

"Karaganda Complex Alloys Plant - $ 262 million, which just last week signed an agreement with the Development Bank of Kazakhstan with the Karaganda regional akimat. The investor is a Dutch company. The plant manufactures furnaces for Chinese companies - 200,000, but the first stage of this plant will be launched by the end of 2020. Next, this plant should increase production to 500 thousand tons, and investments will amount to about 500 million dollars in Kazakhstan. This alloy is Kazakhstani," Abdurasul Zharmenov, the organization's director general, said at a press conference at the Ministry of Industry and Infrastructure Development.

As the speaker noted, a large project on the same alloy is starting in Iran, where the volume of investments under the state guarantee of the Government of Iran is 1 billion 600 million dollars. In total, the amount of investments in new production facilities based on them in the next couple of years will amount to more than $2 billion.