MINEX Forum

Tag: industrial park

  • China’s East Hope Group Advances $12.6 Billion Aluminium Megaproject in Kazakhstan

    China’s East Hope Group Advances $12.6 Billion Aluminium Megaproject in Kazakhstan

    China’s East Hope Group, one of the world’s largest producers of electrolytic aluminium and alumina, is progressing plans for a colossal $12.6 billion investment in Kazakhstan’s aluminium sector, according to the country’s Ministry of Industry and Construction.

    Kazakhstan’s Industry and Construction Minister Yersayin Nagaspayev held discussions with Chen Lei, East Hope Group’s Director for Strategic Investments. The two sides discussed establishing a full-cycle aluminium cluster within Kazakhstan, spanning the entire process from bauxite extraction through to primary aluminium output.

    Nagaspayev emphasised that full-cycle production projects are in keeping with Kazakhstan’s state industrial policy, which is geared towards deeper processing and the manufacture of high-value-added goods.

    The talks also covered the project’s current status, the formation of a raw materials base, and the development of production capacity and industrial cooperation. The company is currently undertaking geological exploration across multiple blocks in the Aktobe and Kostanay regions. The broader vision encompasses the development of 11 bauxite and coal deposits across the Kostanay and Aktobe regions, with the project expected to generate approximately 10,000 jobs once fully operational. KursivThe Times Of Central Asia

    The initiative has been gathering momentum since February 2025, when East Hope registered a subsidiary in Kazakhstan to serve as the project’s principal operational centre. An investment framework agreement was subsequently signed between East Hope and the Kazakh government. The Times Of Central AsiaMysteel

    As part of the scheme, East Hope Group intends to construct a 1-gigawatt coal-fired power station in the Kostanay region, whilst also exploring potential renewable energy ventures. The project is designed around circular economy principles, with the aim of creating a complete production cycle for green aluminium products. Qazaqgreen

    Both parties reaffirmed their commitment to advancing the project and strengthening investment cooperation.

  • East Hope Group to Build Major Industrial Park in Kazakhstan, Investing Over $12 Billion

    East Hope Group to Build Major Industrial Park in Kazakhstan, Investing Over $12 Billion

    Chinese conglomerate East Hope Group (EHG) has announced plans to construct a large-scale industrial park in Kazakhstan, focusing on non-ferrous metallurgy and advanced mineral processing technologies. The project was revealed by the press service of Kazakh Invest, the national investment company that facilitated negotiations between EHG and Kazakh authorities.

    A tripartite agreement has already been signed between the Chinese investor, Kazakhstan’s Ministry of Foreign Affairs, and the Ministry of Industry and Construction. EHG is set to invest over $12 billion to establish metallurgical production facilities in the country. The company has registered a subsidiary in Kazakhstan and is currently evaluating potential sites for construction across various regions.

    The project is expected to create up to 10,000 new jobs at different stages of its development. While specific details about the products to be manufactured in the industrial park remain undisclosed, EHG is a prominent player in the global market for aluminum and other non-ferrous metals. The goods produced in Kazakhstan are planned to be exported to Europe, Central Asia, and China.

    According to Yerzhan Yelekeev, Chairman of the Board of Kazakh Invest, the project will help localize production, introduce cutting-edge processing technologies, and strengthen Kazakhstan’s position as a leading exporter of non-ferrous metals.