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9 February 2011
Today at Akorda President Nursultan Nazarbayev Receives CEO of Glencore International AG Ivan Glasenberg

A range of issues on bilateral cooperation was discussed in the course of the meeting.

We discussed investment projects of the company being realized in Kazakhstan and issues on expansion of our activity in the country. We have recently installed new copper equipment at Kazzinc, JSC and invested nearly US$ 850 million. This facility will be launched in March of the current year. Moreover, we discussed the development of Altyntau Gold Mine (Gold Mountain). The Glencore has invested US$ 657 million to development of this gold mine. The mine is currently running at 70 percent of capacity and it is expected to reach full capacity by April of the current year,” Ivan Glasenberg stressed at a press briefing.


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