BAKU, Azerbaijan, December 6. The Akim of Kazakhstan’s Aktobe region signed Memorandums of Understanding outlining intentions to invest a total of 2.7 trillion Kazakh tenge ($5.7 billion) in the region, Trend reports, citing the press center of the Akimate.
The most significant 4 projects will be carried out by the Eurasian Resource Group (ERG), which will be completed by 2025. ERG will commission the second stage of the mine "10th Anniversary of Independence of Kazakhstan", which will create up to 1,000 jobs. Upon the completion of the project, chrome ore output will reach 7.5 million tons per annum.
In 2023, a factory for processing stale and current chromium-containing sludge with the production of chromium-containing concentrate will be put into operation in the region. The project will create 270 permanent workplaces.
A 153 MW “Chromtau-1” wind power plant will also be constructed and commissioned in the framework of the MoU. The implementation of the project will reduce the CO2 emissions into the atmosphere will be reduced by 520,000 tons per year.
Other projects will be implemented by companies representing Germany, Turkiye, Lithuania, and Kazakhstan.