According to Euronews, the European Bank for Reconstruction and Development has committed a €255 million loan to support a new refractory gold ore processing facility in Kazakhstan. This project marks the country’s first large-scale initiative of its kind, aiming to unlock mineral reserves that were previously considered inaccessible.
By investing in this infrastructure, the bank intends to assist Kazakhstan in expanding its domestic mineral processing capabilities, allowing the nation to move further up the global minerals value chain. The initiative represents a significant development in the country's industrial sector, focusing on more efficient resource utilisation.
Source: Euronews. Read the original report ↗