During the trip on August 31, 2015 in Beijing before the presidents of two states – President of the Republic of Kazakhstan Nursultan Nazarbayev and President of People’s Republic of China Xi Jinping, the Framework Agreement for a credit line was signed for the project of JSC «Tau-Ken Samruk» – «Construction of a metallurgical complex on the basis of iron ore deposit «Masalsky» in Akmola region» between LLP «Masalskyi GOK» and the Export-Import Bank of China.
It is expected that the planned capacity of the mining and metallurgical complex will reach 1 million tons of steel per annum.
Reference. The project of JSC «Tau-Ken Samruk» – «Masalsky Mining and Processing Plant» is a subsoil user of mineral resources of Masalsky iron ore deposit. The deposit is located in Zharkain District, Akmola region of the Republic of Kazakhstan.
In accordance with the Government Resolution №1137, dated 04.10.2011, Masalsky iron ore deposit is the strategic deposit of the Republic of Kazakhstan.