Germany’s Bergbau to Invest $500M in Lithium Projects in East Kazakhstan
Photo: freepik, illustrative purposes
Two industrial facilities for lithium mining and processing will be built in the Ulan district of the East Kazakhstan Region by 2029, Orda.kz reports, citing regional outlet YK-news.kz.
At a session of the regional maslikhat, regional akim Nurymbet Saktaganov announced plans to construct a mining and processing plant for lithium extraction and a facility to process pegmatite ores into lithium oxide concentrate.
The projects will be financed by the German company Bergbau, which has committed to investing $500 million.
Bergbau is one of Germany’s leading independent mining companies, specializing in the exploration and extraction of mineral resources. The company operates globally, with activities in the USA, Singapore, South Africa, Indonesia, Poland, the UAE, and Botswana, and representative offices in China and India.
In 2023, President Qasym-Jomart Toqayev met with Bergbau CEO Dennis Schwindt, where they reached preliminary agreements for the company to enter Kazakhstan’s lithium sector.
In 2024, another major lithium deposit was discovered in East Kazakhstan—marking a significant find of one of the world’s most in-demand metals, essential for the production of lithium-ion batteries used in phones, laptops, cameras, and electric vehicles.
Original Author: Aliya Askarova
Latest news
- Ecology Ministry Explains 13 Million Tenge Fine For Picking Dandelions
- Kazakhstan Refineries Increase Oil Processing Depth To 90%
- High Rates No Longer Keep Kazakh Banks’ Profits Rising, Analysts Say
- Almaty Health Officials Prepare for Possible Hantavirus Cases
- Ministry Says Saiga Deaths Remain Within Natural Limits
- Kazakhstan Faces Shortage of Doctors and IT Specialists
- Kazakhstan Petition Calls for VAT Removal on Feminine Hygiene Products
- Kazakhstan to Publish Register of Convicted Economic Crime Offenders
- Kazakhstan’s Economy Grew 3.6% in Four Months
- Shymkent Colleges Used Fictitious Students to Steal Over 1.3 Billion Tenge
- Almaty Court Extends Chechen Activist’s Extradition Arrest
- Record Rainfall Hits Almaty
- Falling Caspian Sea Level Reshapes Northern Coastline
- Kazakhstan Says It Is Ready To Help Resolve Iran’s Nuclear Issue
- Pashinyan Explains Why He Will Skip The EAEU Summit In Astana
- Kazakhstan To Gradually Cut University Programs In Oversupplied Fields
- Kazakhstan Offers Indonesia A Route To Central Asia And Europe
- Kazakhstan Tightens Rules for Master Plans and Urban Development
- Kazakhstan Approves Rules for Digital Tenge Circulation
- Military Jets to Conduct Training Flights Over Astana
