Minister: Kazakh mining and metallurgical complex provides over nine per cent of GDP

June 12. Trend. Astana

By D.Mukhtarov

Minister: Kazakh mining and metallurgical complex provides over nine per cent of GDPA mining and metallurgical complex in Kazakhstan provides more than nine per cent of the GDP, Deputy Prime Minister, Minister of Industry and New Technologies of the Republic of Kazakhstan Aset Isekeshev said in Astana on Wednesday.

“The Mining and Metallurgical Complex is one of the key sectors in Kazakhstan. It accounts for more than nine per cent of the GDP and about 18 per cent of the total industrial production and almost a quarter of exports,” Isekeshev said speaking at the opening of the IV Astana Mining & Metallurgy (AMM-2013) International Mining and Metallurgical Forum in Astana.

He recalled that in 2010, the Ministry developed a plan for the development of mining and metallurgical complex of Kazakhstan for 2010-2014.

“Over these years, Kazakhstan has achieved a two-fold increase in the production of primary aluminium, begun production of titanium ingots at Ust-Kamenogorsk Titanium-Magnesium Plant, increased production of copper cathodes within the New Metallurgy project of the Kazzinc Company, gold production at Altyntau Kokshetau and production of copper concentrate at the Aktobe Copper Company, Isekeshev said.

According to him, the level of internal processing of aluminium rose to 20,000 tons, of steel to 300,000 tons.

He also said the steel production volume over 2012 amounted to nearly $12.9 billion at current prices, including the steel industry – $4.7 billion and non-ferrous metallurgy – $8.2 billion.

Today, the mining and metallurgical complex in Kazakhstan employs over 300,000.

“As part of the on-going state programme of forced industrial and innovative development, it is planned to launch an additional 20 new businesses and create more than 10,000 new high quality jobs,” Isekeshev said.

The AMM Forum annually brings together the world’s political, business, financial and scientific leaders from the mining and metallurgical industry for the development of mutually beneficial partnerships and introduction of innovation and attraction of investment.

According to preliminary data, the forum gathered about 700 delegates from all over Kazakhstan and neighbouring countries as well as those from member countries, ambassadors and representatives of trade missions accredited in Kazakhstan are attending.

The first Kazakhstan conference on scraps of non-ferrous metals as well as similar round tables will be held within the two days of the forum. The concept of AMM provides coverage of all matters relating to the full cycle of production processes from exploration, mining and processing to the manufacturing of finished products.

* * *

National Bank of Kazakhstan has redeemed 32 tons of refined Kazakh gold within last 2 years


The National Bank of Kazakhstan has purchased 32 tons of Kazakhstan’s refined gold from domestic enterprises within the last 2 years in purpose of formation of gold and forex reserves of the country. This has been reported by Asset Issekeshev, the Deputy Prime Minister – Minister of Industry and New Technologies, at the IV Congress of mining and metals sector’s employees.

“Kazakh President tasked to increase gold production to 70 tons per year and to process its major part in the country. In 2012 we produced 46 tons of gold. There has been also adopted a special plan, and has been introduced zero VAT rate on gold sale to the National Bank of Kazakhstan which, by the way, over the last 2 years has bought 32 tons of Kazakhstan’s refined gold “, announced A.Issekeshev.

According to the Deputy Prime Minister, the Ministry of Industry and New Technologies is developing a Law called “On precious metals and precious stones” which will create a common legal framework for the sector’s regulation.

Moreover a new refinery, which will be processing the gold ores into bullions, is under the process of construction. It is expected that the plant will be equipped with the most modern technologies, thus, the designed capacity of the plant would reach20-25 tons of gold and 50 tons of silver per year.

“Refinery will be put into operation by the end of current year. It is being constructed by the “Tau-Ken Samruk” national company”, concluded the Vice Prime Minister.

NOTE: The construction of the plant in Astana costs KZT 4 billion 500 million (tenge) and its comission is scheduled for late 2013. The source of funding is “NWF” Samruk-Kazyna”. The company will be located near the locomotive factory of Astana and it will be under the state control.

* * *

380 bln invested into mining industry of Kazakhstan over 2 years


The volume of investments into the ore mining and smelting sector of Kazakhstan has amounted to KZT 380 billion over the last two years.

Vice Prime Minister – Minister of Industry and New Technologies Asset Issekeshev has announced the figures at the IV Congress of Workers of the Mining and Smelting Industry in Astana today.

More than 40 projects worth KZT 380 billion have been implemented in this sector from 2010 through 2012. Nearly 12 thousand new jobs have been created over that period. The time to rest on our oars has not come. We need to modernize the ore mining and smelting complex to preserve the growth rates. At least 30 new projects are being realized in this direction presently,” said A. Issekeshev.

In his words, the investment climate in the sphere of suboil management is being improved on the instruction of President Nazarbayev. “The ore mining and smelting sector is the foundation of our economy. And we go to great lengths to develop it,” summed up Minister Issekeshev.