Aktogay Copper Smelter Construction Started in Abai Region
The first copper cathode is expected to be produced in 2030
The construction of a copper smelter has been launched in the village of Aktogay, Abai region. Kazakhstan's President Kassym-Jomart Tokayev participated in the ceremony via video link, as reported by the head of state's administration.
Tokayev reminded that Kazakhstan possesses colossal reserves of minerals. The country has over 9.5 thousand deposits, annually extracting about 160 million tons of ore and producing about 3.5 million tons of copper concentrate.
The application of advanced solutions contributes to increased productivity, enhanced labor safety, and effective prevention of industrial injuries.
The head of state instructed to ensure high-quality construction of the new plant and adherence to the established deadlines. He expressed confidence that the enterprise would strengthen Kazakhstan's industrial potential.
The Aktogay copper smelter is being built by KAZ Minerals Group and the Chinese company NFC. The investment volume in the project is 1.8 billion dollars. Over 1 thousand jobs will be created here.
The full-cycle enterprise will process mined copper concentrate and produce finished metal. This will allow increasing the added value of products.
The first copper cathode is expected to be produced in 2030. In addition to copper, the plant will produce metallic gold and silver.
