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Kazakh Verny Capital and Kazzinc acquire two gold deposits in Kazakhstan

Business Materials 19 February 2013 17:45 (UTC +04:00)
Kazakh investment company Verny Capital and Kazakh mining corporation Kazzinc acquired Raygorodok and Komarovsky gold deposits in Kazakhstan

Azerbaijan, Baku, Feb. 19 / Trend E. Kosolapova/

Kazakh investment company Verny Capital and Kazakh mining corporation Kazzinc acquired Raygorodok and Komarovsky gold deposits in Kazakhstan, Kazinform reported.

The investors announced the acquisition at the press-conference in Astana.

"We bought the Raygorodok deposit in Akmola region and Komarovsky deposit in Kostanay region. The deal is worth about 30 billion tenge (150.48 tenge = 1$)," chairman of Verny capital board of directors Timur Issatayev said.

The deposits were purchased from CAMMEX company - the owner of Orion Minerals company, which obtained the deposits. Following the acquisition Verny Capital has 10.5 percent, and Kazzinc - 89.5 percent in the deposits.

The agreement on purchasing the deposits was signed in August 2012. However, Kazakh government approved the deal on Feb. 15.

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