Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Almaty, October 31 (Xinhua) — The Development Bank of Kazakhstan (DBK) is launching a $1 billion financing program for projects to extract and process rare, rare earth, and critical materials for 2025-2030. The bank's press service announced this on Friday.
According to the Kazakh Development Bank, the program will become a tool for implementing mining and metallurgical projects in the processing of rare earth metals and critical materials. Its goal is to support medium- and large-sized businesses implementing investment projects in an industry strategically important to the Kazakh economy.
Among the key benefits and conditions, the bank highlighted a minimum financing amount of 5 billion tenge (approximately $9.43 million) in any currency for a term of up to 20 years, waiver of fees for arrangement and amendment of financing terms, and a grace period.
A mandatory requirement for borrowers is confirmation of reserves in accordance with the Joint Operational Reporting Code (JORC).
The list includes rare earth metals, as well as critical materials such as lithium, cobalt, tungsten, germanium, gallium, graphite and others, which are in demand for high technology, green energy and electronics. –0–
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