Aktogay copper smelter to create over 1,000 jobs

President Kassym-Jomart Tokayev took part in a groundbreaking ceremony for the Aktogay copper smelter via video link. He described the plant as one of the most important projects for the country's economic development. The Akorda press service reported the event.

The facility will include a full production cycle, from ore enrichment to finished metal. The complex will process copper concentrate from its own deposit, which will not only secure a raw material base but also increase the added value of products made in Kazakhstan. The project is being implemented by the KAZ Minerals group, with China's NFC company as engineering partner.

About $1.8 billion will be invested in the initiative, which is expected to create more than 1,000 new jobs. The first copper cathode is planned for 2030. Besides copper, the plant will produce gold, silver and other by-products. The report also noted that 54 new deposits were opened in the country over two years.