ASTANA, Kazakhstan, May 25. Kazakhstan’s
Minister of Industry and Construction Yersayin Nagaspayev and
Andrei Mikhnev, the World Bank Country Manager for Kazakhstan and
Turkmenistan, discussed prospects for developing the country’s
mining and metallurgical sector, Trend reports via the ministry.
During the meeting, the draft World Bank report “Assessment of
Investment Conditions in Kazakhstan’s Mining Industry” was
reviewed, reflecting developments since 2023. The World Bank gave a
positive assessment of the government’s efforts to advance the
mining and metallurgical complex (MMC) and the broader processing
sector.
The report also provided recommendations on further reforms and
attracting investment to ensure diversification and sustainable
economic growth.
“There is active cooperation between the Ministry of Industry
and Construction and the World Bank in developing the mining and
metallurgical sector. We highly value our partnership and are
committed to further strengthening it,” Nagaspayev said, inviting
Mikhnev to participate in the International Exhibition “Astana
Mining and Metallurgy,” scheduled for June 11–12 this year.
Following the meeting, the sides agreed to deepen cooperation
and confirmed mutual interest in the World Bank’s macroeconomic
analysis titled “Consolidated Forecasts of the Economic Benefits of
Kazakhstan’s Mining Sector until 2045.” They also discussed a
country compact between Kazakhstan and the World Bank on the
development of the MMC sector.
According to the Bureau of National Statistics of Kazakhstan,
industrial production in the country totaled 15.177 trillion tenge
($32.3 billion) in January–March 2026. Of the total volume, the
mining industry accounted for 6.245 trillion tenge ($13.3 billion),
or 41.2%, while the manufacturing sector produced 7.563 trillion
tenge ($16.1 billion), or 49.8%.
