BEIJING : China Nonferrous Metals Mining Group Co Ltd (CNMC) executives met with representatives from the Kazakh government to discuss investment in a 300,000 tonne copper cathode plant, Kazakh state news agency Kazinform reported on Thursday. Liu Yu, deputy director general of state-owned CNMC, met with
BEIJING : China Nonferrous Metals Mining Group Co Ltd executives met with representatives from the Kazakh government to discuss investment in a 300,000 tonne copper cathode plant, Kazakh state news agency Kazinform reported on Thursday.
Liu Yu, deputy director general of state-owned CNMC, met with Marat Karabayev, minister of industry and infrastructure development, in the Kazakh capital Astana, state media said. Kazakhstan's largest copper producer Kazakhmys Corp and Kazakh miner KAZ Minerals will also participate in the project, state media added.A major company that has taken the lead in developing China's overseas non-ferrous mineral resources with numerous investments, CNMC also has an electrolytic aluminium project in Kazakhstan.
Kazakhstan holds reserves of 20 million tons of copper, according to U.S. Geological Survey. The country produced 453,003 tonnes of refined copper in 2022, up 12.7 per cent from a year earlier, data from the Kazakh Statistics Bureau shows. Shares in CNMC unit, China Nonferrous Metal Industry's Foreign Engineering and Construction, rose 2 per cent in morning Friday trade.
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