"Lithium Deposits Confirmed in Kazakhstan"‥KIGAM Hosts Critical Minerals Forum
On the 5th, the Korea Institute of Geoscience and Mineral Resources (KIGAM) held an International Critical Minerals Forum at the JW Marriott Hotel in Seocho-gu, Seoul, and announced plans to develop a lithium mine site in Kazakhstan.
Participants of the '2024 Critical Minerals Forum' held on the 5th are taking a commemorative photo. Photo by Korea Institute of Geoscience and Mineral Resources
View original imageAt the forum, key figures from eight countries including Kazakhstan, Mongolia, Uzbekistan, Vietnam, Indonesia, Tanzania, Nigeria, and the Democratic Republic of the Congo participated to discuss cooperation measures for the development of critical minerals such as lithium.
Ibrof Kani Bakitbekovich, Vice Chairman of the Geological Committee of the Ministry of Industry and Construction of Kazakhstan, stated that Kazakhstan’s proposal for joint mineral development at the government level was first made to Korea. In response, KIGAM has been conducting a joint geological survey since May last year on one of these sites, the 1.6 km² pegmatite (feldspar) deposit area in Bakeno, eastern Kazakhstan, containing lithium-bearing 'Lithium-Cesium-Tantalum (LCT) pegmatite.'
Heo Cheol-ho, Head of the Mineral Resources Research Division at KIGAM, said, "We have signed a non-disclosure agreement (NDA) with a domestic company and are sharing data. If the mine site is judged to be promising, we plan to establish a joint venture company to proceed with full-scale development."
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Lee Pyeong-gu, President of KIGAM, said, "This forum will serve as an opportunity to establish national core strategies for building new critical mineral supply chains based on KIGAM’s technologies in mineral resource exploration, mining, beneficiation, and smelting," adding, "We will take the lead in transferring excellent technologies and establishing new supply chains spanning Central Asia, Southeast Asia, Northeast Asia, and Africa."
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