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Satimola Potassium-Boron Complex

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.

Current Status:

As of early 2025, the project is in the implementation phase. In 2024, a memorandum of cooperation was signed between Qazaq Kalium Ltd., KfW Bankengruppe, and Euler Hermes Group during a visit by the President of Kazakhstan and the Federal Chancellor of Germany. The project is being developed with the assistance of international engineering companies, including Tetra Tech (USA/UK), for geological assessment and technology selection. Fourteen out of fifteen planned geological wells have been drilled, and infrastructure projects for gas, electricity, and water supply have been completed.

Start Date:2024

End Date:

The project is planned to be completed in stages, with full production capacity expected by 2035. The phased approach includes increasing production from 1 million tons in 2027 to 6 million tons by 2035.

Investment Volume (in mln USD):

Initial phase 83.3 mln USD

Whole project 2.4 bln USD

Full complex (infrastructure and production) ~3.5 bln USD

Location:

Akzhaik District, West Kazakhstan Region, Kazakhstan

Involved Companies:

1. Qazaq Kalium Ltd

  • Role: Current operator and main investor of the project.

  • Participation Period: 2024–2035 (project development and construction phase).

  • Address: 55/20 Mangilik El Avenue, Office 226, Yessil District, Astana, Kazakhstan

  • Phone: +7 777 583 39 88

  • Email: info@potash.kz

2.SRPMR Resources Ltd.

  • Role: Initial initiator of the project. Established in 2020 to implement the construction of a potash fertilizer plant at the Satimola deposit.

  • Participation Period: 2020–2024 (project initiation and preparation phase).

  • Address: 16 Dostyk Street, Office A, 23rd Floor, Astana, Kazakhstan

  • General Director: Leila Kasymanova

  • Email: info@srpmr.com

  • Website: srpmr.com

3.Tetra Tech

  • Role: Engineering and technical consultant for the project.

  • Participation Period: 2024–2026 (technical support and consultancy).

  • Address: 3475 East Foothill Boulevard, Pasadena, California 91107-6024, USA

  • Phone: +1 (626) 351-4664

  • Email: info@tetratech.com

  • Website: tetratech.com

  • LinkedIn

4. Euler Hermes (Germany, part of Allianz Group)

5. KfW Bankengruppe

  • Role: Financial partner

  • Participation Period: 2024–2035 (project development and construction phase)

  • Address: Palmengartenstraße 5-960325 Frankfurt am Main

  • Phone: 069 7431-0

  • Web: https://www.kfw.de/kfw.de.html

  • LinkedIn

6. Government of Kazakhstan

  • Role: Infrastructure and regulatory support

  • 2024–2035 (project development and construction phase)

Key People and Contact Details:

1. Qazaq Kalium Ltd

Name: Madi Amirzhanov

Position: Project manager

2. Tetra Tech

Name : Fabian Wigand

Position: Senior Director supporting countries, investors & lenders in the clean energy transition

Name: Ana Lucia Amazo Blanco

Position: Energy Sector Senior Manager at Tetra Tech

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 5,000 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.

Sources:



Photo Sources: invest.gov.kz

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