Qatar Mining to invest in Kazakhstan

The delegation of Qatar Mining, headed by Khalid Ahmad Al-Obaidli, Chief Executive Officer of the Company, to arrive in Kazakhstan. The purpose of the visit is to establish business contacts and search for projects with opportunity of joint implementation with Kazakhstan partners.

In Nur-Sultan, guests from Qatar held a series of meetings with representatives of public authorities and large business. The group of companies of the Sovereign Wealth Fund “Samruk-Kazyna” is of great interest among investors taking into account the announced IPO and asset privatization.

Kanat Kudaibergen held the meeting with potential partners in the office of Tau-Ken Samruk National Company. He presented the promising areas of activity of the national operator of the mining sector, spoke about the possibilities of joint business conducting, highlighting the favorable investment climate in the country.

Guests from Qatar showed interested in several projects, implementation of which is carried out by Tau-Ken Samruk, in particular, related to the exploration of copper and gold. As the representatives of Qatar Mining noted, the company is ready to invest in projects at different stages of readiness – from exploration to production.

In course of the visit to the plant of Tau-Ken Altyn, the opportunities for cooperation were discussed, in particular, the supply of raw materials for refining.

Qatar Mining is a Qatari mining company wholly owned by the State. It was founded in 2010 for targeted investments in the mining and metallurgical industries of various countries of the world (there are no solid mineral deposits in Qatar). The management of Qatar Mining to announce the opinion that Kazakhstan can become a “headquarter” for the subsequent expansion of investment activities in the Central Asian region and Russia.