Kazakh Kazakhmys resumes mining operations at Konyrat copper mine

Business Materials 27 February 2012 12:19 (UTC +04:00)

Azerbaijan, Baku, Feb. 27 / Trend E. Kosolapova/

The Kazakh Kazakhmys Group resumed the mining operations at the Konyrat copper mine suspended in 2008, Novosti-Kazakhstan reported with reference to the company.

It is planed to mine the deposit during 9 years. Ore extraction is expected to hit 57 million tons. The company will launch mining operations in the summer 2012 and plans to mine 3.5 million tons of ore by 2013.

Kazakhmys has already allocated over one billion tenge ($6.77 million) to purchase mining equipment for operations at the mine.

Kazakhmys is a leading international natural recourses group with significant interests in copper, gold, zinc, silver and power generation. It is the largest copper producer in Kazakhstan and one of the top worldwide with 17 operating mines, 10 concentrators and 2 copper smelters.