The UK-based companies are expanding their mining and metallurgical operations in Kazakhstan, as the country’s strong potential in critical minerals exploration and development aligns with the United Kingdom’s industrial strategy. This was noted at the webinar organized by the British-Kazakh Society (BKS) on April 6, which explored key trends and drivers for industrial cooperation between the two countries.
“Kazakhstan has a large reserve of minerals and a political will to develop rare earth deposits. As the world looks forward to diversifying supplies of critical minerals, Kazakhstan is at the forefront among other countries,” said Dilyara Tektigul, Regional Mining Lead at the Department for Business and Trade at the British Embassy in Astana, who moderated the online event.
Ferro-Alloy Resources CEO Nick Bridgen focused on the development of the Balasauyskandyk vanadium ore deposit in the Kyzylorda Region of Kazakhstan. In his opinion, its exceptional characteristics are important for green economy development, making their project both environmentally friendly and cost-effective.
Ferro-Alloy Resources Ltd (LON:FAR) is developing the giant Balasausqandiq vanadium deposit in Kyzylordinskaya oblast of southern Kazakhstan. The ore at this deposit is unlike that of nearly all other primary vanadium deposits and is capable of being treated by a much lower cost process.