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Social-entrepreneurial Corporation AQJAIYQ

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Location: Dome “Shugul” in Akzhaik district of WKR, 60 km. from Inder vill. of Atyrau region

Area: 100 km2

Cost: 23 million USD

Partner: “Kazakhstan Potash Company” LLP

Implementation period: 2015-2022

Purpose: exploration and development of a potassium salt deposit and production of export-oriented products

Implementation mechanism:

- creation of a joint venture;

- registration of subsoil use right of JSC “NC “SEC “Oral”, and transfer to the Partner;

- financing of the project at the expense of the Partner;

- statement on the state balance of the deposit reserves;

- construction of a plant for the production of potash fertilizers and joint mining, and processing of potassium salts

Payback period: 9 years

Profitability: 65%

Creation of jobs: 600 - in the period of geological exploration and construction and installation works, 1500 - from the moment of extraction of minerals and commissioning of the plant

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