Germany’s HMS Bergbau to invest $700 mln in lithium mining in KazakhstanHMS Bergbau AG will invest $700 million in a lithium mining project in the East Kazakhstan region, Kazakh Minister of Industry and Infrastructure Development Marat Karabayev said.“Bergbau is listed in Europe. They bought a 51% holding in a Kazakhstan-based company. (…) Investment is expected to amount to $700 million in East Kazakhstan. German geologists are already working there,” Karabayev said on the sidelines of a Kazakhstan-EU business partnership forum on Tuesday.The project is aimed at lithium production. However, a possibility of manufacturing lithium-ion batteries later will depend on the reserves in the deposits, he added.No additional information was provided by the ministry.On June 20, Kazakhstan-based Creada Corporation LLP and Germany's HMS Bergbau AG signed during the Kazakh-German Business Forum an agreement on investment in a project for the exploration, mining and processing of rare-metal ores in East Kazakhstan The expected cost of the project is $200 million. (ICE ALMATY)

Fonte notizia: INTERFAX