Kazakh First Deputy Prime Minister Roman Sklyar met with executives from Jiaxin International Resources Investment on June 26 to discuss a $350mn project aimed at launching the industrial development of a tungsten ore deposit. The meeting, facilitated under the Kazakh-Chinese industrial cooperation framework, focused on overseeing joint investment initiatives.
The project is expected to create 1,000 jobs and is scheduled for completion by the end of the current year.
Liu LiQiang, Chairman of Jiaxin International, expressed appreciation for the support received from Kazakh state bodies during project implementation. Both parties expressed optimism about expanding their investment cooperation.
Earlier reports from Daryo highlighted substantial investments in Afghanistan's mining sector. Türkiye, Iran, and the United Kingdom have committed over $5.5bn to develop the Ghorian iron mine in Herat. This investment secures mining rights for 30 years and includes funding for exploration, extraction, exploitation, and community services.
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