Kazakhstan to Develop Tungsten Ore Deposits for Industrial Use
Kazakhstan and China Collaborate on $350 Million Tungsten Ore Deposit Industrial Development Project
ASTANA—Kazakh First Deputy Prime Minister Roman Sklyar recently met with executives from Jiaxin International Resources Investment to discuss a significant project worth $350 million. The project aims to launch the industrial development of a tungsten ore deposit in Kazakhstan.
During the meeting, which took place on June 26, both parties discussed joint investment projects as part of Kazakh-Chinese industrial cooperation. The project is expected to create around 1,000 jobs and is scheduled to be completed by the end of the year.
Liu LiQiang, Chairman of Jiaxin International, expressed his appreciation for the support received from Kazakh state bodies during the implementation of the project. Both parties are confident in the success of the collaboration and the potential for further investment cooperation.
The project signifies a significant step in strengthening ties between Kazakhstan and China in the industrial sector. The partnership is expected to bring mutual benefits and drive economic growth in the region.
For more information and updates on this development, stay tuned for further announcements from the Prime Minister’s press service.
