Azernews.Az

By Fatma Babayeva

Kazgeology, Kazakhstan's national geological exploration company, signed a Memorandum on cooperating with the German engineering and consulting DMT GmbH & Co. KG, Kazakh company announced on April 20.

The purpose of the memorandum is to realize cooperation between these companies in the establishment of a commercial lab which will study geochemical features of the samples obtained during geological exploration works.

The memorandum will enable to begin preparation for a training program on reporting about the resources to CRIRSCO (Committee for Mineral Reserves International Reporting Standards) with participation of the experts of DMT GmbH&Co KG in accordance with international standards.

German DMT GmbH & Co. KG specialized in the fields such as natural resources exploration, various mining services, construction and infrastructure, geo-engineering, product testing and building safety, industrial testing and measuring technology and so on.

The memorandum was signed within the 7th Mining and Exploration Forum MINEX Central Asia 2016 on April 19- 21 in Astana which is one of the largest and most authoritative international events providing industry-wide discussion platform on mineral exploration and mining in Kazakhstan, Kyrgyzstan and Tajikistan.

Recently, Kazakhstan is looking for enhancing bilateral relations with Germany not only in geological sphere but also in various spheres such as energy efficiency, subsoil and industry.

Kazakhstan has taken measures to improve investment climate and is ready to further expand business relations with Germany.

Overall, the foreign investment and German expertise will definitely contribute to the prosperity of Kazakhstan.

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Fatma Babayeva is AzerNews’ staff journalist, follow her on Twitter: @Fatma_Babayeva

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