Kazakhstan Enhances Rare-Earth Metal Initiatives with $8 Million Lithium Exploration

Kazakhstan’s Ministry of Industry and Construction has initiated new projects for rare and rare-earth metals, including an $8 million lithium exploration project in collaboration with HMS Bergbau AG. Strategic agreements with various countries aim to enhance the mining sector, potentially leading to $500 million in investments. Furthermore, a tungsten processing plant has been launched in Almaty, with a project value of $300 million.

The Ministry of Industry and Construction of Kazakhstan has announced new initiatives focusing on the exploration and extraction of rare and rare-earth metals. Efforts include strategic agreements with the European Union, the United Kingdom, South Korea, Japan, and China to enhance the country’s mining and production sector.

As part of these initiatives, the German company HMS Bergbau AG is spearheading geological exploration at the Akhmetkino lithium deposit, with an estimated investment of $8 million. Should reserves be confirmed, overall investment in the sector may reach as high as $500 million.

Moreover, Kazakhstan is set to expand its tungsten production, having launched a tungsten processing plant in the Almaty Region on November 1, 2024. The construction of a mining and beneficiation complex is complete, and commissioning for mining operations is currently underway. This project is valued at approximately $300 million.

In conclusion, Kazakhstan is making significant strides in the exploration and production of rare and rare-earth metals, reinforced by international agreements and substantial investments. The collaboration with HMS Bergbau AG for lithium exploration and the establishment of a tungsten processing plant exemplify the nation’s commitment to advancing its mining sector.

Original Source: astanatimes.com