The Sarkan district administration has signed a memorandum of cooperation with the given enterprise.
The paper covers several important topics, including hiring locals for jobs in the new complex, registering industrial facilities on the district's property, and more.
The amount of investments is approximately three billion tenge ($7.02 million).
The facility's initial production capacity will be 180,000 tons of ore annually. Around 200 workers will be employed in the completion of this massive project. At the moment, 80 specialists are working on the projects at the sites.
The industrial production in the Zhetysu region as a whole increased by 10.3% in the first half of the year, totaling 152.4 billion tenge ($356.59 million).