25.3 C
Supported byspot_img

Rio Tinto plans investing in geological exploration in Kazakhstan

Member of Europium Groupspot_img
Supported byspot_img

Australian-British concern Rio Tinto plans considerable investments in geological exploration in Kazakhstan, the Kazakh Investment and Development Ministry said March 9.

The announcement came after a meeting of Kazakh Deputy Minister for Investment and Development Timur Toktabayev with Rio Tinto Geological Exploration Director Dave Andrews and Exploration Director for the Eurasia-Africa Region Ken Tainton.

The meeting was held within the International Convention, Trade Show & Investors Exchange mining forum in Toronto, Canada.

Supported by

The meeting was held within the International Convention, Trade Show & Investors Exchange mining forum in Toronto, Canada.

The meeting was also attended by deputy chairman of the board of Kazakh state company Kazgeology, Eldar Tagash and representatives of the Kazakh embassy in Canada.

The parties discussed the current state and prospects of cooperation in geological exploration projects, the draft of the new subsoil code being developed in Kazakhstan and the possibility of increasing investment in geological exploration.

Toktabayev invited Rio Tinto to conduct geological exploration for diamonds in Kazakhstan’s Zhambyl Region jointly with KazGeoTech.

Dave Andrews, in turn, noted that Rio Tinto is interested in the new Subsoil Code, and hopes to switch its contracts to the international tax regime (royalties) that will stimulate processing of raw materials in the country.

Rio Tinto is a leading global mining and metals group that focuses on finding, mining, processing and marketing mineral resources. It has a workforce of about 50,000 in around 35 countries.

Source: trend

Supported byElevatePR Digital

Related News

Renewable energy boom spurs demand for copper and critical minerals: Emphasizing responsible mining

The global push towards renewable energy is set to significantly increase demand for critical minerals and metals such as lithium, copper, manganese and rare...

Euro Manganese advances with successful commissioning of high-purity manganese facility

Euro Manganese Inc. has successfully completed the commissioning of its high-purity manganese Demonstration Plant at the Chvaletice Manganese Project in the Czech Republic. This...

Rio Tinto Assures on 2500 Pages – There is a Solution for Every Danger

Rio Tinto executed a move announced six months ago – they published drafts of environmental impact studies on how harmful the lithium mine in...

Geopolitical struggle over Central Asia’s rare-earth reserves

Central Asia, encompassing Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, Afghanistan and Mongolia, holds vast untapped reserves of rare-earth minerals. Recent global developments have thrust these...
Supported by
Supported by
Supported by
error: Content is protected !!