05/04/2026
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On April 15–16, Astana hosted the MINEX Kazakhstan 2026 International Forum, a premier industry platform bringing together government officials, international investors, mining companies, and the expert community. The event was attended by over 500 delegates from 30+ countries, including heads of major corporations and financial institutions.
During the forum, Zhandos Shaikhy, Deputy Chairman of the Management Board of National Investment Holding Baiterek JSC; Aidyn Akan, Managing Director; and Vladimir Lee, Deputy Chairman of the Management Board of Development Bank of Kazakhstan JSC (DBK), spoke at strategic sessions dedicated to the development of the mining and metallurgical complex (MMC) and the investment agenda.
Zhandos Shaikhy participated in the strategic session "Kazakhstan 2030: Creating Competitive Mining and Metallurgical Industries with High Added Value," where participants discussed the development of processing, the formation of industrial clusters, and the transition to higher-value-added manufacturing within the industry.
In his speech, he noted that the mining and metallurgical complex remains a key driver of the economy, accounting for more than 20% of the country's GDP and contributing significantly to its growth (approximately 1.2 percentage points). He emphasized that the Holding views the sector as a priority and focuses on financing projects that create domestic value—from mineral processing to the manufacturing of finished goods.
Particular attention was paid to the scale and dynamics of support: by the end of 2025, the Holding had injected over USD 20 billion into Kazakhstan's economy through lending, leasing, insurance, guarantees, and equity financing. The volume of support for the MMC exceeded USD 4.5 billion, with the sector playing a leading role in the Holding’s investment project pipeline. Since 2022, the Holding's total financing volume has increased tenfold, demonstrating steady growth and high industry demand.
"We do not finance the extraction of raw materials; instead, we focus on processing and the production of finished goods. This allows us to form new value chains, create jobs, and strengthen the country's industrial potential," he added.
For his part, Aidyn Akan spoke at the strategic session "How Can Kazakhstan Maximize the Benefit from Growing International Interest in Critical Minerals?", which covered mechanisms for attracting investment, the development of downstream industries, and the formation of resilient supply chains.
In his remarks, he highlighted the Holding’s role as a development institution providing comprehensive project support and facilitating interaction between the government and the private sector. Furthermore, he emphasized that access to geological data, tax regulation, and financing remain key barriers for investors, increasing the importance of institutional support and coordination.
"We are ready to support investor initiatives and projects aimed at creating new facilities for the processing of critical minerals through various financing instruments," he noted.
Vladimir Lee participated in the session "From Risks to Returns: Modernizing Access to Capital," where he presented a new DBK program to support projects in the rare, rare-earth, and critical materials industry. He noted the importance of the Bank’s participation in financing MMC projects as a partner during the transition stage, as DBK's support minimizes risks in the early stages of project financing. Vladimir Lee also stressed DBK's readiness to subsequently transfer established and structured projects to the private commercial market.
Baiterek Holding’s participation in the MINEX Kazakhstan 2026 forum reaffirms its systemic role in the development of the mining and metallurgical complex and the formation of a new investment model focused on creating sustainable added value and long-term economic growth.
