ASTANA, Kazakhstan, May 8. Kazakhstan plans to implement 13 projects in the gold mining industry in the next three years with a total investment of 780 billion tenge (about $1.48 billion), Trend reports via the Ministry of Industry and Construction of the Republic of Kazakhstan.
According to the information, these new projects will create approximately 3,400 jobs. The total processing capacity of the projects, which will be implemented from 2025 to 2028, will be 20.6 million tons of ore, or 21 tons of doré alloy.
"Such prospects allow Kazakhstan to steadily strengthen its position in the global precious metals mining market. The presence of a rich resource base, including large deposits of gold and other precious metals, increases the investment attractiveness of the republic for the implementation of gold processing projects," the ministry said in its statement.
The ministry further reported that over the past ten years, 19 projects have been implemented in the country for the construction, modernization, and expansion of mining and processing plants with a total processing capacity of 27.2 million tons of ore, or 29.1 tons of doré alloy per year, amounting to 420.3 billion tenge (approximately $798.5 million). The volume of invested funds totaled approximately 460 billion tenge (around $874 million), and 4,400 jobs were created.
The ministry also emphasized that more than half of the investments in the implemented projects were directed towards the construction of gold extraction plants - at the "Raigorodok" deposit in the Akmola region with a capacity of 5 million tons of ore per year (LLP "RG Gold" and "RG Processing") and at the "Bakyrchik" deposit in the Abai region with a capacity of 2 million tons of ore (LLP "Bakyrchik Mining Company").
The largest number of launched and upcoming projects is concentrated in the Akmola and Karaganda regions of Kazakhstan. In terms of investment volume, Pavlodar (27.7 percent) and Akmola (18.8 percent) regions are leading.
