Chrome mining in Kazakhstan grows, while export falls

Business Materials 3 April 2019 18:21 (UTC +04:00)

Baku, Azerbaijan, Apr. 3

By Rashid Shirinov – Trend:

In the first two months of this year, chrome ore mining in Kazakhstan amounted to 1.1 million tons, which is 6 percent more than in the same period of 2018, Trend reports via Energyprom.kz.

Meanwhile, chrome concentrate mining increased by 9.7 percent to 743,600 tons.

It should be noted that Kazchrome transnational company, which is part of Eurasian Resources Group, is engaged in chrome ore and concentrate mining in Kazakhstan. Seventy percent of the ore is supplied to ferroalloy plants in Aksu, Aktobe and Serov (Russia).

In January this year, Kazakhstan's export of chrome ores and concentrates decreased by 0.1 percent or 65,200 tons year-on-year, and by 19.1 percent or $9 million in money. Russia was the main importer of chrome ores and concentrates.

Exports of chromium oxides and hydroxides, by contrast, increased by 2.3 percent or 4,000 tons, but declined by 3.9 percent or $8.2 million in money. The main importers were the UK, Belgium and Germany.

Meanwhile, export of ferroalloys in January decreased by 3.2 percent year-on-year or 137,700 tons, and by 11.8 percent or $169.2 million in money. The main importers of ferroalloys were China, Japan and the US.


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