Kazakhstan is expanding its rare and rare-earth metal projects with an $8 million investment in lithium exploration at the Akhmetkino deposit. The country plans to invest possibly up to $500 million if reserves are verified. Additionally, a tungsten processing plant has been launched in Almaty, valued at $300 million, indicating growth in the mining sector.
Kazakhstan’s Ministry of Industry and Construction has announced the initiation of new projects focused on the exploration and extraction of rare and rare-earth metals. The country has entered into strategic agreements with numerous international partners, including the European Union, the United Kingdom, South Korea, Japan, and China, aimed at enhancing its mining and production sector for these valuable resources.
As part of these initiatives, the German firm HMS Bergbau AG has commenced geological exploration at the Akhmetkino lithium deposit, with an anticipated investment of $8 million. If the lithium reserves are confirmed, the total investment in this sector could reach up to $500 million, reflecting Kazakhstan’s commitment to developing its rare metal resources.
In tandem with lithium exploration, Kazakhstan is also making advancements in tungsten production. A new tungsten processing plant was inaugurated in the Almaty Region on November 1, 2024. The construction of a mining and beneficiation complex has successfully been completed, and the commissioning of mining operations is currently in progress, with the overall project estimated at $300 million.
Kazakhstan is actively enhancing its capabilities in the rare and rare-earth metal sector through strategic international partnerships and significant investments. The exploration of the Akhmetkino lithium deposit, backed by HMS Bergbau AG, represents a substantial financial commitment, with potential investments totaling $500 million. Furthermore, the country is also advancing its tungsten production through a newly launched processing plant, underscoring its growing importance in the global mining landscape.
Original Source: astanatimes.com
