The volume of industrial production in Kazakhstan increased by 5.1% in January-July, the Chairman of the Committee for Industrial Development and Industrial Safety of the Ministry of Investment and Development (MID) of the Republic of Kazakhstan Almas Batanov said at a briefing.
“At the end of the first seven months of 2018, the volume of industrial production in Kazakhstan has increased by 5.1%, in particular by 5.4% in the mining industry,” Batanov said.
In addition, he said, the increase in iron ore production by 7.4% was observed in the mining sector.
“This is due to Sokolov-Sarbai Mining and Processing Production Association (SSGPO) JSC, the share of which in the industry is 80%, increasing its production volumes by almost 10%, in connection with the export of iron ore supplies abroad, ” Batanov explained.
According to the data of the MID, the volume of non-ferrous metal ore production has increased by 3.1%, which is conditioned by an additional increase in production volumes, as well as the launch of the Bakyrchikskoye field on June 26, which has not been developed for 70 years due to the lack of appropriate technologies.
“Today it is one of the largest gold deposits in Kazakhstan. The project provides for the production of 10 tons of gold, the share of which in the total production in the country will amount to 14%,” Batanov added.
In the area of metallurgy, the volume of production has increased by 3.6%. In the iron and steel making industry, the growth amounted to 4.8% due to the increase in production volumes of ferroalloys, hot-rolled metal products, rolled steel balls and steel. (Kazinform/Ukrainian metal)