Qarmet, a Kazakhstan-based integrated steel and mining company, has announced a comprehensive US$3.5 billion, five-year investment strategy, heavily prioritizing occupational safety, especially in coal mines, as well as environmental initiatives and production facilities upgrades. US$300 million will be allocated for improving coal mine safety, with collaborations already underway with research centers.

In spite of challenges including equipment wear and competition, Qarmet reported a 15% growth in steel output and a 12% increase in iron production.

Deputy Chairman Zaure Zaurbekova called for a stable, long-term governmental strategy for the mining and metals industry.

Qarmet is making a pioneering move for Kazakhstan by supplying domestically sourced galvanized steel for bus production, marking its venture into mechanical engineering.