18.9 C
Belgrade
Supported byspot_img
spot_img

Japanese corporations eye mining sector of Kazakhstan

Member of Europium Groupspot_img
Supported byspot_img

Japanese corporations are interested in joint projects with Kazakhstan on geological exploration of gold and copper, Kazakh Kazgeologiya said in a message.

During the Japan-Kazakhstan business forum entitled “Investment opportunities in the regions of Kazakhstan” in Tokyo, the sides discussed investment projects in the mining and metallurgy, energy, chemical, and agrarian industries.

Vice-Minister for Investments and Development of Kazakhstan Yerlan Khairov, Chairman of the Japan-Kazakhstan Economic Committee Koichi Yajima and Ambassador of Kazakhstan to Japan Erlan Baudarbek-Kozhatayev adressed the event, where Kazgeology’s chief geologist Berikbol Hamzin participated.

Supported by

Business meetings within the framework of “B2B” format attracted interest from over 180 Japanese investment companies.

Hamzin met with representatives of companies “Argonavt Corporation”, “Sumitomo Corporation”, “Tairiku Trading”, “Mitsubishi materials”. Head of Sumitomo Corporation, Hitoshi Tanaka, expressed an interest in investing in gold and copper exploration projects in Kazakhstan, stressing that he heard about the successful joint projects of Kazgeology with Rio Tinto.

General Manager of the Department of Mining and Mineral Resources of Mitsubishi Materials Corporation, a subsidiary of Mitsubishi Corporation Kazufumi Jaano, also expressed interest in cooperation.

One of the main tasks of the company is to provide copper concentrate for two plants in Japan – Onakham and Naoshimi. Currently, these enterprises are loaded with imported raw materials from abroad only by 30 percent, so Mitsubishi Materials Corporation is very interested in access to new copper ore deposits.

On the same day, a seminar was held at the office of the state geological exploration company “JOGMEC” with the participation of the delegation of Kazakhstan. Following the seminar, the parties agreed to meet in early 2018 in Kazakhstan to discuss projects on copper, cobalt, rare earth and lithium ores.

Source: trend.az

Supported byElevatePR Digital

Related News

Progress at Plymouth’s tungsten mine: Final permit secured for production restart

Plymouth’s potential tungsten mine is on track to achieve significant production levels following the approval to commence operations. Tungsten West Plc has secured a...

Elementos pursues acquisition of stake in Iberian smelting for European tin market expansion

Elementos, a tin exploration and development firm, has initiated a non-binding term sheet to potentially acquire up to a 50% interest in Iberian Smelting...

EU corporate sustainability directive: Implications for global supply chains and Africa’s mining communities

On 24 May, the European Union enacted the Corporate Sustainability Due Diligence Directive (CSDDD), a landmark legislation requiring large businesses to identify and mitigate...

Rio Tinto defends environmental safety of Serbia’s Jadar lithium project

Rio Tinto announced on Thursday that it had published new environmental studies indicating the safety of its Jadar lithium project in Serbia, which was...
Supported by
Supported by
Supported by
error: Content is protected !!