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
- Orda.kz Editorial Team to Cease Operations on September 1
- The Price of a Degree: How Students in Kazakhstan Pay for University
- Second Przewalski’s Horse Foal Born as Species Returns to Kazakhstan
- Kazakh Mining Companies Can Recalculate Purchases if Tenge Weakens
- Kazakhstan Names First Vice President in Three Decades
- What Almaty’s Bus Shelters Are Missing
- 400-Truck Queue Builds at Kazakh–Kyrgyz Border
- Kazakhstan Ready to Help Feed and Rebuild Gaza
- Tokayev Establishes New Presidential Security Body
- Almaty Takes Back Its Nearly Century-Old Hippodrome
- No More Guesswork on Savings: Kazakhstan Tightens Energy Audits for Businesses
- Public Money Could Be Used to Rescue Failing Kazakh Banks
- Third Kazakh Woman Reported Missing in Nepal-China Flood Zone
- Falconer Convicted Over 35 Protected Birds, Spared Punishment Under Amnesty
- Kazakh Citizen Detained in Yakutia in Phone Fraud Case
- Yuan Instead of Dollars? KazMunayGas Draws Record Demand in Asia
- China Gains Oil-Market Influence as OPEC+ Weakens
- Kazakhstan to Divide Smartphones Into White, Gray and Black Lists
- Kazakhstan’s Government Formally Resigns as First Kurultai Session Opens
- Rare Lynx Sighting Recorded in Northern Kazakhstan
