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Kazakhstan, EU to develop cooperation in field of production of raw minerals, logistics

Kazakhstan Materials 27 October 2023 00:13 (UTC +04:00)
Madina Usmanova
Madina Usmanova
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ASTANA, Kazakhstan, October 27. Kazakhstan and the EU discussed issues of further development of cooperation in the field of production raw materials and logistics, said Vice Minister of Industry and Construction Iran Sharkhan, Trend reports.

Vice-Minister and Chairman of the National Geological Service JSC Yerlan Galiyev took part in a panel session on the problem of rare-earth metals as part of the Global Gateway forum in Brussels.

"One of the important issues was the session within this forum on the development of rare earth metals. During the session, we presented Kazakhstan’s potential in terms of raw materials to European partners. At the meetings, issues of further development of cooperation between Kazakhstan and the EU in the field of production raw materials and logistics were discussed," he said.

Industrial products worth 33.972 trillion tenge (about $70.9 billion) were produced in Kazakhstan from January through September 2023.

These products were produced in the mining industry for 15.925 trillion tenge, or about $33.2 billion (46.9 percent of the total volume), and in the manufacturing industry for 15.890 trillion tenge, or about $33.16 billion (46.8 percent).

Production growth is observed in the mining and quarrying industry by 5.4 percent. In the mining and quarrying industry from January through September 2023, the index amounted to 105.4 percent, which is due to an increase in the production of crude oil (108.4 percent), natural gas (106.1 percent), ores, except iron (101 percent), and other minerals (113.9 percent).

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