▲ Up
 
04:29 25-06-2017
АКИpress CA-News Tazabek Turmush
ADVERTISE WITH US SUBSCRIBE
KazakhstanKyrgyzstanMongoliaTajikistanTurkmenistanUzbekistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
Samruk-Kazyna companies sign several agreements in China
17:20, 16 May 2017, 1213
Twitterfacebookprint

AKIPRESS.COM - Portfolio companies of Samruk-Kazyna JSC have signed several agreements with Chinese partners as part of the official visit of President Nursultan Nazarbayev to China, the state welfare fund said in a release.

In Beijing, Massalsky Mining and Processing Plant LLP and China National Technical Import and Export Corporation ("CNTIC") signed two agreements for the construction of a mining and metallurgical complex at the Massalskoe titanium magnetite deposit in the Akmola region. It is planned that the complex will cover the entire value chain, from ore extraction to the production of high-quality steel grades. C1 and C2 reserves at the Massalskoe deposit amount to 729 million tonnes. In addition, Massalsky Mining and Processing Plant LLP and Exim Bank of China signed a framework agreement to finance the project.

Mazhit Turmagambetov, CEO of Tau-Ken Samruk JSC, commented during the signing ceremony: "We want to produce our own high-quality steel, as currently Kazakhstan only imports the metal, bringing in around 1.5 million tonnes of steel annually. Our plant is not large by international standards, with an annual capacity of 940,000 tonnes. This is a new industry trend, because enterprises increasingly need to be flexible. They have to be ready to adapt at any moment and produce what is required by industry customers at any given time."

Mr. Turmagambetov also added that about 3,000 temporary jobs would be created during the construction period, with 4,000 permanent jobs to follow when the plant begins operations.

NC Kazakhstan Temir Zholy JSC, one of the largest portfolio companies of the Fund, concluded an agreement for the sale of its 49% stake in KTZE-Khorgos Gateway LLP in Beijing to China COSCO Shipping Corporation Limited and Lianyungang Port LLC. The involvement of anchor strategic investors will ensure an increase in transit cargo volumes through the dry port of FEZ Khorgos - Eastern Gate.

Umirzak Shukeyev, CEO of Samruk-Kazyna and Co-Chairman of the Kazakhstan-China Business Council (KCBC) on the Kazakhstani side, held a number of meetings as part of the Belt and Road Forum for International Cooperation in Beijing. The Head of the Fund met with Chan Zhenming, Chairman of the Board of Directors of CITIC Group and Co-Chairman of the KCBC on the Chinese side. Umirzak Shukeyev and Chan Zhenming discussed the possibility of cooperation on new projects, as well as the agenda of the upcoming fourth meeting of the KCBC, which is planned to be held in Astana in the near future.

Mr. Shukeyev also met with Huaibang Hu, Chairman of the China Development Bank (CDB), to discuss a range of issues on current and potential areas of cooperation. The Fund, together with the CDB, is currently implementing a number of large projects in the chemical industry worth over USD 2 billion.


Log-in / Sign-up

your choice: year (20000 som)

Twitterfacebookprint
LATEST NEWS
20:14 Atambayev extends condolences to Chinese Xi over landslide leaving a lot of people missing19:59 China landslide leaves 120 missing in Sichuan18:25 Population of Kazakhstan nears 18 mln people — Nazarbayev18:06 Five arrested after Saudi security forces foil attack on Grand Mosque in Mecca17:29 Tatarstan President asks Kyrgyzstan to consider opening of Consulate General in Kazan17:20 Water level in most rivers of Kyrgyzstan about 179% of normal range17:13 ‘We didn’t raise this issue at all’ – Atambayev about reports on sending Kyrgyz troops to Syria16:39 'I've been very satisfied' – Atambayev after state visit to Russia15:58 Kyrgyz government provides aid to families of gas station explosion victims14:49 EBRD finances better street lighting in two cities in East Kazakhstan13:56 Bishkek hosts forum of education workers12:45 OSCE and UNODC offer training on countering terrorism financing in Kyrgyzstan12:37 "Kyrgyzstan and Kazakhstan, the two independent, sovereign states will never get trapped by Syrian crisis": FM Abdrakhmanov10:40 MPs present draft amendments allowing renting out of apartments in tourist zones10:30 Two citizens of Kyrgyzstan die in Moscow sewage well10:11 Number of illegally issued passports reduces in Kyrgyzstan in 5 years — General Prosecutor's Office09:53 Project on connecting renewable energy resources of Mongolia to regional network to be implemented09:31 Camden flats: Hundreds of homes evacuated over fire risk fears09:19 ‘Kyrgyzstan looking forward Tatarstan’s support of Taza Koom project’ – Atambayev09:00 Over 80% of Kyrgyzstanis including smaller number from Issyk-Kul region deliver biometrics — survey
© AKIpress News Agency - 2001-2017. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75