Kazakh Prime Minister Olzhas Bektenov met with Xi Zhengping, chairman of the board of China Nonferrous Metal Mining Co. Ltd to discuss copper industry cooperation.
Following the meeting, the parties signed an agreement on constructing a copper mill with a capacity of 300,000 tons a year near Aktogai village in Abai region. A cluster will be created to unite one of the world’s largest copper mines and modern copper smelting production. The project worth $1.5 billion will generate over 1,000 jobs. The copper mill will be commissioned until the end of 2028. Bozshakol and Aktogai mining and processing plants and Vostoktsvetmet LLP concentrating mills will provide the raw material for the copper mill.
The copper mill will become the country’s largest enterprise and meet global ecological standards. It will satisfy the country’s requirements in cupriferous raw materials and cathode copper. Cathode copper is widely used in the electrical energy industry, machine building and industrial sectors. Besides, it will manufacture refined gold, silver and dipping acid. (Kazinform)