Kazatomprom announced that the Development Bank of Kazakhstan JSC and Taiqonyr Qyshqyl Zauyty LLP (TQZ) have signed an agreement to finance the project. The total investment is estimated at KZT113 billion (approximately USD2.6 million). Of this amount, KZT85 billion will be financed through a loan from the Development Bank of Kazakhstan.
Sulphuric acid plays a key role in Kazatomprom’s in-situ leach uranium mining operations. In recent years, uncertainty in the supply of this essential material has affected production plans. The new facility is expected to help ensure a stable supply, supporting the continuity and efficiency of uranium production processes.
TQZ was established in 2023 by Kazatomprom to oversee the plant’s development. It is a joint venture between Kazatomprom-SaUran LLP, which holds a 40% stake, and the Kazakh partner of Italian company Ballestra, which holds a 60% stake and is responsible for providing the necessary technology and equipment.
According to Kazatomprom, the plant will contribute to both economic and social development in the Turkestan region. Around 500 jobs are expected to be created during the construction phase, with about 270 positions available once the plant begins operations.
Kazatomprom emphasized the strategic importance of the facility, stating: “This project will help ensure the uninterrupted supply of sulphuric acid, which is vital for the company’s core operations, and will also support regional development through job creation and infrastructure improvements.”
The project is seen as a step toward strengthening Kazakhstan’s industrial base and enhancing its ability to support domestic energy and resource sectors. By increasing domestic production of key industrial materials, the initiative aims to improve long-term supply chain stability.
