Chinese ferrochrome producer Suzhou Hunan New Materials is planning to implement an investment project in Kazakhstan’s Aktobe region focused on the deep processing of chromite ores.
The initiative was discussed during an official visit to Shanghai by Abzal Abdikarimov, deputy akim of the Aktobe region, who held talks with the company’s management. Following the meeting, the parties signed a memorandum of cooperation aimed at establishing advanced chromite processing facilities in the region.
The project is designed to be implemented in two stages. The first phase предусматривает construction of a chromite concentrate processing plant with an investment volume of $150 million. At the second stage, the project will expand to include processing of metallic chromium, increasing the depth of value addition.
Representatives of Suzhou Hunan New Materials said during the talks that the company is ready to move forward with the practical implementation of the project and to continue cooperation with Kazakhstan’s national and regional authorities.
The Aktobe region hosts the South Kempirsai chromite deposits, an area that ranks second globally in terms of confirmed chromium reserves. Most of the chromite ore mined in the region is currently processed by the Aktobe and Aksu ferroalloy plants operated by Kazchrome.
