Recent events in cooperation between Kazakhstan and the United Kingdom have opened new horizons for both countries to maximize the benefits in trade and investment. The test of time and geopolitical developments have proved the stability of this partnership, enabling the countries to further enhance business ties and work together to address emerging economic and environmental challenges.
The oil, gas, and mining industries were the main beneficiaries of the economic cooperation from the early years of the relationship. Present-day economic ties between Kazakhstan and the UK have morphed into an interest-based collaboration, which prioritizes green energy and technology, agribusiness, mechanical engineering, petrochemical and chemical industries, mining and metallurgy, food production, education, and infrastructure.
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.