Satimola Potassium-Boron Complex
PROJECT ID
905202535
SECTOR
Industrial Manufacturing
PROJECT PHASE
Initiation & Feasibility
LOCATION
West Kazakhstan Region, Казахстан
START DATE
1/1/2024
END DATE
1/1/2035
INVESTMENT VALUE
$ 2400 M
Active
Verified
Last Updated: 25 April 2026
Publication: 12 May 2025
PROJECT DESCRIPTION
This project involves the establishment of an enrichment and production complex at the "Satimola" deposit in the Akzhaik district of the West Kazakhstan region. The complex aims to produce potash fertilizers and boric acid, contributing to the diversification of Kazakhstan's chemical industry and reducing reliance on imports. The project is considered a mega-project due to its scale and potential impact on the industry.
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Location
Locations shown on the map are for indicative purposes and may vary from actual locations.
Other important details
The project is included in the list of 15 approved mega-projects by the government of Kazakhstan.
The project aims to create approximately 4,000 jobs during construction and operation phases.
The project is expected to contribute significantly to the local economy and reduce Kazakhstan's dependence on imported fertilizers.
SRPM Resources Ltd.: Established in 2020, SRPM Resources Ltd. served as the initial initiator of the Satimola project. The company applied for a mineral extraction license and secured a 49-year lease on a 172.18 km² land plot in the Akzhaik District for the construction of the potash fertilizer plant.
Qazaq Kalium Ltd.: In 2024, Qazaq Kalium Ltd. signed a memorandum of cooperation with KfW Bankengruppe and Euler Hermes Group, indicating the attraction of international financing and state-level support for the project. The company is responsible for the development, financing, and construction of the enrichment and production complex.
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