Saudi Industry Minister Reviews Gold Processing Technologies at Tau-Ken Altyn Refinery in Kazakhstan

11/06/2026 06:52 AST

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef visited the gold refinery operated by Tau-Ken Altyn in Kazakhstan's capital, Astana, on Tuesday.

The minister reviewed the technologies and processes used in gold processing and refining and met with Tau-Ken Altyn chief executive Arnur Aidarkhanov and chief economic and financial officer Ruslan Zhumagulov.

Discussions focused on opportunities for cooperation and the exchange of expertise in the mining and metals industries.

The minister received a briefing on the refinery's operations and its role in enabling Kazakhstan to refine gold domestically and enhance the value added from its mineral resources.

It highlighted the refinery's contribution to strengthening the country's gold and foreign exchange reserves, with the facility regarded as a strategic asset in Kazakhstan's precious metals sector.

Alkhorayef toured the refinery's facilities, including its gold refining operations, processing units, and gold bullion production lines, which operate using advanced technologies and in accordance with the highest international standards.

He also reviewed the refinery's accreditation by the London Bullion Market Association, which confirms that its products comply with internationally recognized standards in the global gold market.

The minister's tour was part of his official visit to Kazakhstan, which aims to strengthen economic ties between Riyadh and Astana and build effective partnerships in the mining and metals sectors.


Asharq Al Awsat

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