Press releases

In Karaganda, with the financing of DBK, a coal enrichment factory will be built along with modernization of the foundry

The total project cost is 12 billion tenge, where 3 billion tenge is own funds, including foreign investments, have already been invested. The DBK provides the Company with borrowed funds within the framework of the State Program of industrial and innovative development of the Republic of Kazakhstan for 2015-2019.

Construction plans were discussed today at the press briefing in the DBK office, where the Company's shareholders Erlan Nigmatulin, David Kemertelidze and Abay Sarkulov, Chairman of the Board of DBK, took part.

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The financing provided by the Bank will be directed to the construction and installation works of the new processing plant, as well as the purchase, supply and installation of equipment.

The launch of the processing plant is scheduled for 2021. The output will be coal concentrate, the main consumer of which will be the Karaganda Ferroalloy Plant of YDD Corporation LLP. Also, part of the production is planned to be exported, the rest of the products will be used as raw materials for the company's own needs.

The project is innovative because it involves the use of the latest technologies for the enrichment of raw coal with an input ash content of 15% and makes it possible to bring 2-3% to mother ash. The uniqueness of the selected technology is that enrichment does not affect the surrounding ecology of the region, since the whole process takes place indoors, where many areas for water clarification pools are not required.

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Thanks to modern technologies of automation and electronics, the entire enrichment process will be controlled by the operator from the production control center.

Responding to journalists' questions about the technology and production capacity of the factory, the shareholder of Qaz Carbon LLP Erlan Nigmatulin said: “The so-called “wet enrichment” technology will be used to enrich coal. This technology of coal enrichment will maximize the extraction of minerals from the total rock mass of raw materials. The entire enrichment process takes place in a closed cycle, without the use of chemicals, which leads to a clean environmental impact and significantly increases the environmental friendliness of the project as a whole. A high degree of automation of production processes at the processing plant allows monitoring compliance with production technology and the quality of finished products. The factory capacity will be 300 tons per hour or 1,800,000 tons per year.”

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The raw material for the future plant needed for the production of coal concentrate is coal from the Karaganda region. At present, design and estimate documentation has been developed, and also, since April of the current year, construction and installation works of the concentration plant are underway.

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“Today we have sufficient experience in implementing large investment projects in Kazakhstan. Therefore, having studied the needs of the near and far abroad market, as well as the domestic market, we started implementing new projects. In practice, we were convinced that Kazakhstan has not only a unique investment climate, but also a huge raw material base for creating products with high added value,” said David Kemertelidze, shareholder of QazCarbon LLP.

Media representatives also inquired about the prospects for developing a coal enrichment market in Kazakhstan in light of the increase in renewable energy projects.

“As investors, we see the potential and prospects for the development of enriched coal despite the increase in renewable energy projects. It is the process of coal enrichment that turns raw materials into a marketable product that can compete in the market of organic energy carriers and makes it possible to expand sales markets, especially with regard to the requirements for coal quality by foreign consumers,” added David Kemertelidze.

The mining and metallurgical industry occupies 31% of the DBK portfolio and this industry has a good socio-economic effect, this includes job creation and tax deductions. At the same time, the Bank, adhering to the principles of sustainable development, welcomes the desire of the shareholders responsible for the sustainable development of the region to use unique equipment for the processing of coal waste, which will reduce the environmental impact of production and will positively affect the environmental situation in the region. The project also passed a state environmental review for “Environmental Impact Assessment (EIA)”.

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“The implementation of this project will facilitate the execution of direct orders of the head of state - this is attracting investment, increasing labor productivity in the manufacturing industry, during the implementation of the project it is planned to create about 110 new permanent jobs and more than 500 people will be attracted for the construction period. What is also important is the ability of the plant to export its products, which will also help to contribute to the development of the export potential of our country,” said Abai Sarkulov, the Chairman of the Board of the Development Bank of Kazakhstan JSC.

The second part of the funding will be used to modernize the existing foundry. The project aims to increase existing capacities for the production of steel and cast iron products. It should be noted that with the arrival of new investors in 2018, including foreign ones, a large-scale modernization of the plant was launched.

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The main activities of the plant are the production of pig-iron and steel products, the production of coke and semi-coke. In general, the company produces more than 900 items of steel and cast iron products. The annual design capacity of the existing plant is 120 thousand tons of pig-iron and steel products.

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As a result, over two years of active work to modernize the plant, investors have already invested more than 8 billion tenge in private investment and 1216 jobs created. The average salary in the company is 245 thousand tenge. In 2019, taxes in the amount of 2.1 billion tenge were paid to the state.

The implementation of new projects of QazCarbon LLP will give a significant impetus to the diversification of the regional economy and increase labor productivity through the transfer of technology of the latest generation.



АО «Банк Развития Казахстана»
проспект Мәңгілік Ел, здание 55 А, н.п. 15 Z05T3E2 Астана
+7 (7172) 79 26 79