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Mining and metallurgical holding Kazakhmys plans to enhance the capacity of the Balkhash Copper Smelter. The project will be implemented by CNMC (China). The parties have already agreed on the contract details and signed the necessary documents.

It is expected that after extensive modernization, the Balkhash plant, which previously produced no more than 250,000 tons of copper per year, will be able to reach 300,000 tons. If the new capacities are successfully launched, the plant will achieve this output by 2028.

Mr. Nuriyev reported that the Chinese partners are to provide a basic 3D model of the new facility by September 2024. The feasibility study will be received by the Kazakh side in October-November.

The head of Kazakhmys also noted that after the launch of the copper smelter in Aktogay, the company’s processing capacities will be underutilized. Therefore, it is crucial to focus on expanding the raw material base. Nuriyev also reminded that according to the approved development plan of Kazakhmys, ore extraction, which is economically feasible, is planned until 2058.