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Tengrinews.kz - President Kassym-Jomart Tokayev held a meeting with Robert Friedland, executive co-chairman of the board of directors at Ivanhoe Mines Ltd., according to Akorda.
During the meeting, the two discussed prospects for cooperation in mineral exploration, mining, and metal processing.
Photo: Akorda press service
The President was briefed on the launch of large-scale geological exploration in the Chu-Sarysu copper basin in Kazakhstan. Ivanhoe Mines previously announced an initial investment of $18.7 million for subsurface studies at the site, with plans to increase total investment to $115 million over the next four years.
Friedland noted that the project would employ advanced airborne geophysical technologies and digital data analysis. According to him, the project—one of the largest copper exploration initiatives in Kazakhstan's history—offers significant potential for the global copper industry.
Robert Martin Friedland, born August 18, 1950, is an American-Canadian billionaire and financier working in the mining sector. Since the early 1980s, he has focused on financing mineral exploration and development, as well as energy and technology ventures. He is the founder of Ivanhoe Capital Corporation, a private firm primarily focused on emerging markets.
He is also the founder and executive co-chairman of Ivanhoe Mines, a Canadian public company listed on the Toronto Stock Exchange and OTCQX.
On May 28, President Tokayev held an expanded-format meeting with Rwandan President Paul Kagame.
