BAKU, Azerbaijan, October 20. KAZ Minerals and
China Nonferrous Metal Industry's Foreign Engineering and
Construction Co., Ltd. (NFC), a subsidiary of China Nonferrous
Metal Mining Group (CNMC), have signed a memorandum of
understanding (MoU) on cooperation in geological exploration,
according to KAZ Minerals.
"The Memorandum provides for exploring opportunities to apply
advanced technologies to the exploration and evaluation of
Kazakhstan’s mineral resources," the company said.
The memorandum expands the scope of cooperation between the
companies and reflects KAZ Minerals’ efforts to advance mineral
exploration in Kazakhstan. The parties plan to establish a joint
working group to coordinate further activities and develop a
roadmap for cooperation.
KAZ Minerals is a copper-focused mining company operating
large-scale, low-cost open-pit and underground mines in Kazakhstan
and Kyrgyzstan.
Its key assets include the Aktogay copper mine in Kazakhstan’s
Abay region, which has sulfide processing plants producing copper
concentrate and an oxide plant producing cathode copper; the
Bozshakol open-pit copper mine in Pavlodar region; the Bozymchak
copper-gold mine in Kyrgyzstan, which transitioned to underground
mining in 2024; and the East Region operations in Kazakhstan,
comprising three underground mines and two processing plants
producing copper, zinc, silver and gold.
