The government of Kazakhstan has approved an investment agreement for the construction of a copper smelting plant in Balkhash, Karaganda region, with a total investment of 750 billion tenge. The agreement was signed by Prime Minister Olzhas Bektenov and involves the Ministry of Industry and Construction along with Qazaq Smelter LLP. Construction is set to begin in 2027, with the plant expected to commence operations by 2030.
The new facility will boast an annual production capacity of 300,000 tonnes of cathode copper, alongside the production of 10 tonnes of gold, 300 tonnes of silver, and over 1.5 million tonnes of sulphuric acid. This ambitious project is anticipated to create approximately 1,200 permanent jobs, significantly contributing to the local economy. The introduction of these new capacities is projected to increase Kazakhstan’s copper production by 50%, raising annual output to over 800,000 tonnes.
Furthermore, the export of high-value-added products is expected to rise from 460,000 tonnes to 760,000 tonnes of copper annually. The plant will be equipped with modern technologies and digital solutions, aligning with global standards in the mining and metallurgy sectors. This initiative underscores Kazakhstan’s commitment to enhancing its mining industry and boosting economic growth through strategic investments.
