Curious if Frank and Moe from KWG visited with these entities or went to Turkey before???
It is planned to build a chromite enrichment plant in the East Kazakhstan region. The investor is the Turkish company Yilmaden Holding (a subsidiary of the Yildirim Group). The project is being implemented with the support of KAZAKH INVEST National Company JSC.
Depending on the raw material potential of the region, which will be confirmed after the geological exploration stage, YILMADEN is considering investment in modern metallurgical enterprises and processing raw materials into a final product with high added value at the local level.
“The project for the construction of a chromite ore beneficiation complex is a new opportunity to maintain and expand the existing production of chromite ore, concentrates and ferrochrome in the region. Investors planing to provide medium-term and long-term supplies of chrome ore both for their existing business and for new investment opportunities in the region, which will allow the company to become a local producer and exporter of ferrochrome", said the Regional Director of KAZAKH INVEST NC JSC for East Kazakhstan Region Nartai Beisekov.
It is expected that after 3 years of geological exploration and the development of a detailed feasibility study, construction of a mining and processing complex for processing chromite will begin, which will take 2 years.
The minimum capacity of the ore-processing complex is expected to be 300 thousand tons. It is planned to create over 70 permanent jobs.
For reference:
Yilmaden Holding is one of the world's leading high-quality high-carbon ferrochrome (HC FeCr) producers. Today Yilmaden is the second largest producer of high quality high carbon ferrochrome and one of the largest producers of chrome ore in the world.
The Yildirim Group is one of the largest Turkish industrial conglomerates active in industries such as metallurgy and mining, coal and coke, power generation, fertilizers and chemicals. Also Yildirim Group works in such areas as port management, logistics, shipping, industrial construction and real estate. Headquartered located in Istanbul, the company employs over 12,000 people in 51 countries on four continents.