«Reassessment of Kazakhstan deposits» German-Kazakh Conference takes place in Hanover

HANOVER. December 3. KAZINFORM - Federal Institute for Geosciences and raw materials of Germany together with the Embassy of Kazakhstan in Germany have organized the German-Kazakh conference themed "Reassessment of Kazakhstan deposits" which took place in the city of Hanover.

The event was held within the framework of the practical implementation of the Agreement on the intergovernmental partnership in raw materials, industrial and technological spheres which was signed during the visit of the Kazakh President Nursultan Nazarbayev to Germany on February 7-8, 2012.

The conference was attended by the Kazakh delegation headed by N.Sauranbayev, Vice Minister of Industry and New Technologies of Kazakhstan, and managing director - member of the Board of "Baiterek'' National Management Holding" JSC K.Tuleushin. The delegation also included representatives of business community and experts of mining industry of Kazakhstan.

The event was visited by over 100 leading German companies which are interested in the investment and implementation of a number of promising projects in Kazakhstan.

The uniqueness of the forum lies in the fact that the foreign business community for the first time ever has presented the data on the Kazakh solid minerals deposits (copper, lead, zinc, tin, vanadium, tantalum, tungsten, molybdenum, titanium) prepared by the German experts in accordance with international standards. The results of these studies will form the basis for the investment projects of German companies in the process of industrialization of the economy of Kazakhstan which plan to establish not only production but processing of minerals on the territory of the Republic of Kazakhstan.

In order to determine the next steps for the development of mutually beneficial cooperation in base material, industrial and technological sectors between the two countries, the Kazakh delegation held bilateral meetings and talks with the president of the Federal Office for Geosciences and base materials Professor Hans-Joachim Kyumpel, co-chairman of the German part of the German- Kazakh Business Council on strategic cooperation - executive Director for Central and Eastern Europe ''Deutsche Bank'' Peter Tils, executive director of the Eastern Committee of German Economy Dr. Rainer Lindner as well as the heads of several German companies and organizations.

The conference reiterated the great interest of the German side in industrial projects of Kazakhstan on manufacturing products with high added value.

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