The agreement on the construction of a smelter with a capacity of 300 thousand tonnes of copper per year was signed between Kazakhstan and China.
The plant will be built near the Kazakh village of Aktogay in the Abay region. The source of raw materials will be copper concentrate from Bozshakol and Aktogay mining and processing plants of Vostoktsvetmet LLP.
The construction of the plant will create a cluster combining one of the world's largest copper mines and a modern copper smelting facility. The project, with a preliminary cost of $1.5bn, will create over 1,000 new jobs. It is scheduled to be commissioned by the end of 2028. The high-tech enterprise will be the largest in the country for the production of high-value-added products. The applied technologies in the field of copper smelting correspond to the world environmental standards," the report reads.
The enterprise will meet the domestic market demand for processing of copper-containing raw materials and copper cathode.
