Kazakh state news agency Kazinform reported that the senior executives of China Nonferrous Mining Group Co., Ltd. (CNMC) met with Kazakh government representatives to discuss the investment of a 300000 ton cathode copper plant.
According to the report, CNMC Deputy General Manager Liu Yu met with Казахстан's Minister of Industry and Infrastructure Development Marat in Astana, the capital of Kazakhstan? Karabayev.
It was reported that Kazakhmys, the largest copper producer in Kazakhstan, and KAZ Mining, the miner, would also participate in the project. As a Chinese mining giant that took the lead in developing overseas nonferrous metal mineral resources and made a lot of investment, China Nonferrous Mining Group Corporation also has an electrolytic aluminum project in Kazakhstan.
According to the data of the США Geological Survey, Kazakhstan has 20 million tons of copper reserves.
According to the data of Kazakhstan Statistics Bureau, the country produced 453003 tons of refined copper in 2022, up 12.7% year on year.
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