Investment policy in the Republic of Kazakhstan

In a related area company "KazMunaiGas" has signed a contract for a loan of $ 200 million from the Japan Bank for International Development to modernize refinery in Atyrau. It is expected that the refinery modernization will significantly improve the performance of oil production in Kazakhstan in 2005.

However, despite numerous predictions regarding the capacity of the Kashagan field, it is assumed that the impact of it can be expected only after 5-10 years. If Tengiz, Kashagan , and many others , are not as large deposits would be so powerful as expected , Kazakhstan in the coming years may be one of the five largest oil-exporting countries .

Non-ferrous metallurgy

The share of non-ferrous metals in general, industrial production volume exceeds 12 %. Of recoverable ore produced copper, lead , zinc, titanium, magnesium , rare and rare-earth metals, rolling on the basis of copper, lead , etc. On the level of production, Kazakhstan is among the world's largest producers and exporters of refined copper. Republic's share in world production of copper is 2.3 %. At the same time, almost all copper produced in the country is exported abroad. The main importers of Kazakh copper are Italy, Germany and other countries. Kazakhstan is the third of the new independent states, gold producer, mining and production is increasing every year . The country has recorded more than 170 gold deposits.

One of the largest investment projects in this sector in recent years has been the construction of an aluminum plant in Pavlodar. Corica AG Swiss company began construction of a plant for the production of primary aluminum in Pavlodar.

Today the cost of Corica AG in this project has already exceeded $ 3.4 million. In April last year Corica, a member of the Swiss group J & W Holding AG, has won the tender for the sale of state-owned shares only producer of alumina in Central Asia - Kazakhstan Aluminium - buying 31.76 % stake for 3.2 billion tenge ($ 21million ) .

Construction of the aluminum smelter in Pavlodar region in northern Kazakhstan capacity 240,000 tons of primary aluminum per year was the main condition of the tender. In March this year the Ministry of Justice has been registered JSC Pavlodar smelter, one of the founders of which acts Corica, and State Development Bank of Kazakhstan announced the allocation of $ 300 million for the first phase of the smelter. Currently preparatory works: removal of fertile topsoil, built networks and facilities for temporary water and electricity, linen dumped a highway under construction stroygorodka and concrete plant.

Total investment in the construction of the plant is $ 850 million , including $ 10 million will be invested in the social sphere. The total amount of the construction of this plant with a capacity of 240 thousand tons of primary aluminum per year is $ 851.2 million in April JSC "Pavlodar smelter " and JSC " Development Bank of Kazakhstan " was signed by the organization 's mandate bank finance the first phase of this project in the amount of up to $ 300 million

Metallurgy

Reserves of iron ore Kazakhstan ranked eighth in the world. Its share of world reserves is 6%. Also significant reserves, another advantage of the Kazakh iron ore is its fairly high quality. Of 8.7 billion tonnes of iron ore 73.3 % of stocks are easily mined. More than 70 % of its iron ore in the country is exported . The share of ferrous metals, including chrome and manganese ores, in general, the country's exports in 2003 amounted to about 4%. Ferrous Metals Kazakhstan produces more than 12.5 % of the national industrial output. The flagship of the national industry is Karaganda Metallurgical Combine "Ispat- karmet." The company has a full metallurgical cycle and specializes in producing various kinds of ferrous metals - sheet metal, rods, tin plates, pipes, etc. Combine this metal mills exported to CIS and foreign countries. Kazakhstan has large reserves of chromite ore, which operate on the basis of ferroalloy plants republic.

A landmark event, showing the investment upturn in the industry is the presentation of the investment project - Pavlodar branch of LLP " Casting . The company was founded in May 2001 on the basis of metallurgical plants JSC" Kazakhstantractor " - this is a domestic steel industry , the development of which attracted foreign investment. Today PF LLP “Casting “ mastered more than eight billion tenge investment funds. Its design capacity - million tons a year, the current capacity is 300,000 tons per year. Currently here commissioned three 25 -ton electric furnaces, three unit complex

Conclusion

Investment attractiveness of Kazakhstan market totality provide access to natural resources , size of the market , the strategic location of Kazakhstan , as well as a stable political situation and the presence of an appropriate legislative framework . But as the need for investment far from being exhausted, Kazakhstan continues to be interested in their involvement. At the moment the priority areas for investment are: the fuel and energy complex, agribusiness, infrastructure, including transportation, telecommunications, and social infrastructure. Promising forms of attracting foreign capital represented such as financial leasing, the sale of shares of large enterprises to foreign companies, foreign investment in the venture capital industry (with equity participation of state or government guarantees).

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