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Investment opportunities in mining and metallurgical industry presented to German business

KAZAKHINVEST presented the investment opportunities of the mining industry to German business as part of Kazakhstan-German days of cooperation in the mining industry. The event was attended by 20 representatives of large German mining companies.

The main objectives of the event are to create a communication platform for business dialogue and discuss key issues with German companies to establish cooperation in the field of mining and metallurgy.

At the online meeting, the Deputy Chair of the Board of KAZAKH INVEST Galym Uzbekov said that as part of attracting investments to develop and explore deposits which has already oil exploration mining licenses, KAZKH INVEST has a pipeline of niche projects of private initiators that require investment. Over 40 niche projects in the mining and metallurgical complex have already been packaged jointly with international consulting companies.

“We are ready to present these investment proposals to potential foreign partners. In return, the initiators of the projects are open to negotiations and are ready to consider various options for cooperation. Today, the key strategic aims are to process raw materials domestically as much as possible, as well as to grain higher processing. These aims are being implemented within the framework of the State Program of Industrial and Innovative Development, where ferrous and non-ferrous metallurgy, along with other sectors of the processing industry, are identified as priority sectors of the economy,” G.Uzbekov noted.

The speaker also drew attention of the participants of this online conference to the most important initiatives adopted by Kazakhstan aimed at improving the investment potential of the mining industry in accordance with international standards.

In turn, the representatives of German companies Actemium BEA GmbH, Bredenoord GmbH, HAVER ENGINEERING GmbH, J&C Bachmann GmbH, K-UTEC AG Salt Technologies, MBE CMT GmbH, Redpathmining and others presented their technical and management proposals to be implemented in Kazakhstan.

Investors are interested in processing of mine waste, mechanical engineering and developing plants for processing of minerals, ores, fertilizers and coal, putting into service and commissioning of electrical installations and equipment, design and technological processes for manufacture and safety ensuring of underground mining structures, etc.

Following the negotiations, the parties expressed interest in establishing business contacts and starting preliminary negotiations on a number of MMC projects.