ASTANA, Kazakhstan, May 28. The President of Kazakhstan received Robert Friedland, Executive Co-Chairman of the Board of Directors of Ivanhoe Mines Ltd., to discuss prospects for cooperation in geological exploration, mining, and metal processing, Trend reports.
During the meeting, President Tokayev was informed about the launch of large-scale geological exploration work in the Chu-Sarysu copper basin in Kazakhstan. Ivanhoe Mines had previously announced an allocation of $18.7 million for subsurface studies in this area, with plans to increase investments to $115 million over the next four years.
In his turn, Robert Friedland stated that the project will
involve the use of advanced airborne geophysical technologies and
digital data analysis. According to him, the implementation of the
project, which is one of the largest copper exploration initiatives
in Kazakhstan's history, opens new prospects for global copper
production.
Ivanhoe Mines Ltd. is a Canadian mining company headquartered in
Vancouver, British Columbia, specialising in the discovery,
development, and production of critical metals essential for a
low-carbon future. The company focuses on copper, zinc, nickel,
platinum group metals (PGMs), and other green metals, primarily
through projects in Africa.
