The meeting provided an opportunity to discuss the implementation of joint investment projects within the realms of geological exploration, mining, and metallurgical industries.
During the fruitful exchange, Kassym-Jomart Tokayev was apprised of Rio Tinto’s plans to expand its operations in Kazakhstan. Jacob Stausholm also provided an update on the progress of projects related to the exploration of copper deposits in the Kostanay and Karaganda regions.
The President acknowledged Kazakhstan’s substantial reserves of vital minerals and raw materials that are currently in high demand for the advancement of cutting-edge technologies. Kazakhstan is actively undertaking measures to expand the scope of geological exploration work while embracing globally recognized best practices that contribute to significant geological discoveries.
Rio Tinto, with a market capitalization of $99 billion USD, stands as the largest Anglo-Australian mining and metallurgical company. Its diverse portfolio encompasses assets primarily located in Australia (35%), Canada (34%), Europe (13%), and the United States (11%). The company’s business segments encompass various commodities, including iron ore, aluminum, copper, bauxite, diamonds, uranium, and industrial minerals.
This meeting between the head of state of Kazakhstan and the Chief Executive Officer of Rio Tinto underscores the mutual interest in fostering fruitful partnerships and capitalizing on the vast potential of Kazakhstan’s mineral resources. It sets the stage for further collaboration and the realization of shared objectives in the realm of sustainable economic development.
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