Kazakhmys Denies Allegations of Hidden Rare Earth Metal Exports

Kazakhmys Corporation LLP has issued an official statement refuting claims about the illegal export of rare earth metals from Kazakhstan, Orda.kz reports.

The company's response follows accusations made in the Aq Zhol party's parliamentary inquiry, which suggested Kazakhmys might be concealing the actual composition of exported materials and undervaluing them.

The corporation emphasized that copper concentrate exports undergo mandatory independent analysis by SGS Kazakhstan, an international leader in laboratory testing and product certification.

According to Kazakhmys, the government rigorously regulates raw material exports of minerals. Exporting ore and concentrates requires obtaining a license from the Ministry of Industry and Construction.

At the same time, customs regulations mandate a complete declaration of product composition, making it impossible to hide the actual content of precious and rare earth elements.

The company also stated that it does not explicitly extract or export rare earth metals, noting that minimal quantities of such elements are present in production waste.

Claims about underestimating the value of exported resources or concealing the real composition of concentrates are absolutely unfounded and do not correspond to reality, emphasized representatives of Kazakhmys.

The corporation has expressed willingness to cooperate with authorized government agencies and provide all necessary documentation for verification.

Original Author: Ruslan Loginov