Kazakhstan's mining and metallurgical, oil and gas complexes must retain their strategic importance to ensure further economic growth. In his address, the Kazakh President turned attention to expansion of mineral resource base and extensive geological exploration. According to the USGS (United States Geological Survey), Kazakhstan is a leading producer of fossil fuels. Kazakhstan ranks the first in the world in terms of explored reserves of zinc, tungsten, the second – for silver and lead, and the third – for copper and fluorite. This is only 15% of Kazakhstan’s mineral resources, which have been explored so far.

 

BARLYBAI SMAGULOV, GEOPHYSICIST, NATIONAL EXPLORATION COMPANY ‘KAZGEOLOGY’:

- Kazakhstan’s economy needs extensive aluminum production. There are less aluminum deposits; therefore it is necessary to search for new deposits of this metal.

 

Geological explorations are carried out in almost all regions across Kazakhstan. 9 billion of private investments were involved in geological exploration in Karaganda region. One million tons of phosphate ore have been extracted in Kok John deposit in Araltobe field in Zhambyl region. According to specialists’ forecasts, only this field’s reserves will last for the next two hundred years.

 

VLADISLAV GOLITSYN, CHIEF MINER, EUROCHEM:

- In the future, we will build a chemical complex that will consume much more ore, about 1.6 – 1.7 million tons of phosphate ore per year.

 

Gold is mined Kogadyr mining camp in Zhambyl region. Geologists conduct a thorough analysis in search of the precious metal. Only the final cycles of complex technological production allow specialists to bring the solution to solid gold.

 

BATYRZHAN SHALBAYEV, COMPANY’S DEPUTY DIRECTOR GENERAL:

- The final result is the Dore bar. Its approximate content is 85 - 90% of gold and the remaining part is other elements such as silver and copper. Our products are sent from here to Astana to the plant in Tauken, where it undergoes additional processing and is shaped into ingots with triple nines on them.

 

We are planning to expand production this year and process nearly 1.5 million tons of ore. New equipment worth $3.5 million has been already purchased for this purpose.

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