Kazakhstan and Chile intend to strengthen cooperation in the mining sector

Brasilia, September 30, 2021 - Ambassador of Kazakhstan Bolat Nussupov held a video conference with the participation of Anvar Boranbayev, Chairman of the Board of National Exploration Company “Kazgeology”, and Patricio Vergara, Vice President of the largest Chilean company “Codelco”.

During the conversation, the management of the Chilean company was familiarized with the opportunities available in Kazakhstan in the mining industry. The management of Kazgeology also submitted for consideration a list of potential geological exploration projects in Kazakhstan, which may be of mutual interest.

In order to establish long-term cooperation, the Kazakh side proposed to sign an extended Cooperation Agreement between the two companies, which provides for the parties' intention to jointly implement projects for the discovery of world-class iron, copper and nickel deposits.

In turn, Vice-President of Codelco Patricio Vergara, highly appreciating the prospects for establishing long-term cooperation, invited the leadership of Kazgeology to make a working visit to Chile for a detailed discussion of the prospects for cooperation, incl. technical and proposed projects, as well as visits to the company's operational facilities.

For reference: Codelco is Chile's leading copper corporation, established in 1966. By the end of 2020, copper production by the company amounted to 1.7 million tons, which allowed Codelco to maintain its first place in the world. The corporation's annual profit reaches $ 14 billion. 14% of Chilean exports are owned by Codelco.