Kazakhstan Secures $100 Million from German Bank for Hydrometallurgical Plant

At the Kazakhstan Investment Day forum in Frankfurt am Main, Germany, the nation secured a significant financial commitment for a major industrial project. The German bank KfW has pledged $100 million to finance the construction of a new hydrometallurgical plant in Kazakhstan.

The event, which drew over 200 representatives from German companies, industry associations, and financial institutions, served as a platform to strengthen economic ties. Kazakhstan's Minister of Industry and Construction, Yersaiyn Nagaspaiev, outlined the country's industrial policy priorities to the assembled investors. He emphasized ongoing efforts to diversify the economy, develop manufacturing and infrastructure, and create favorable conditions for foreign investment.

"We attach particular importance to attracting German capital and advanced technologies, especially in high-tech and innovative sectors," stated Minister Nagaspaiev. He highlighted that over the past two decades, Germany has invested more than €6.5 billion into Kazakhstan's economy, with approximately 90% directed toward manufacturing.

The forum featured panel discussions on topics including industry, raw materials, logistics, and financing tools for joint projects. Participants explored practical aspects of implementing investment initiatives and expanding bilateral cooperation.

During his visit, Minister Nagaspaiev held a series of meetings with executives from companies such as Airbus, Noble Elements GmbH, D.A.R Metal, Schachtbau Nordhausen, and Thyssen Schachtbau. These firms expressed interest in launching new projects within Kazakhstan's industrial and technological sectors. The minister also met with high-ranking German officials to discuss the current state and future prospects of bilateral relations.

The key outcome was the signing of a financing memorandum of intent between KfW IPEX-Bank and Solidcore Resources plc. The $100 million agreement is earmarked for an investment project to build the Yertis Hydrometallurgical Plant. This facility will utilize autoclave oxidation technology.

The successful forum underscored the mutual strategic interest in deepening the partnership between Kazakhstan and Germany.