Kazakhstan looks for investors to help double share of world titanium market

In a bid to increase its share of the global titanium market and to boost its overall metallurgical output, Kazakhstan is looking for investment from the international mining community, its First Deputy Prime Minister Bakytzhan Sagintayev said this week. It is also planning to introduce a ‘first come first served’ system of granting licences for subsoil exploration.
“As a result of the State program of accelerated industrial and innovation development for 2010-2014, the mining and metallurgical industry has commissioned 60 new production facilities worth $2.5 billion and created more than 16 thousand permanent jobs,” Sagintayev told a plenary session of the international Astana Mining & Metallurgy yesterday.
Kazakhstan’s mining and metallurgical industry accounts for 19% of the country’s GDP and employes 300,000 people.