Kazakhstan to launch projects in mining, metallurgical sector
By Aynur Jafarova
Kazakhstan plans to implement over 30 investment projects in
mining and metallurgical sector in 2015-2017.
The plan was put forward in a letter from Kazakh Deputy Investment
and Development Minister Yerzhan Sagadiyev to the participants of
the 2nd Annual CIS Sustainable Mining Forum in Astana on December
2.
"We plan to implement 31 investment projects worth 1.3 trillion
tenges (180.87 tenges = $1) in mining and metallurgical sector
until 2018," he said in his message.
The implementation of the second five-year stage of the state
program of forced industrial-innovative development for 2015-2019
will allow increasing growth of output in this sector by 43 percent
while the productivity will increase by 1.4 times.
Kazakhstan’s soil contains 99 of 105 existing elements of the
periodic table. The country explored reserves of 70 elements as
over 60 elements are in production.
Kazakhstan ranks 13th among the world's largest solid minerals producers. The share of mining and metallurgical complex in the country's GDP hits about 12 percent.
Mining and metallurgy is one of the leading sectors of the Kazakh economy, the share of which in the total industrial output is 18 percent. It employs over 300,000 people.