Baku, Azerbaijan, Dec.9
By Elena Kosolapova- Trend: Kazakhstan's Metallurgical Corporation Kazakhmys PLC has appointed Non Ferrous China as a second principal contractor at its major copper growth project at Bozshakol, the company reported on Dec. 9.
"The additional resources will be targeted at the construction and commissioning of the processing plant," the company said.
The group anticipates that there will be an increase in the overall budgeted cost for the project of around $350 million, however the appointment of the additional contractor will provide greater assurance that the project remains on track for first production in 2015.
The main process building at Bozshakol has been enclosed for the winter season and the three mills were delivered to the site on time.
The group is considering a similar strategy of introducing additional resource at Aktogay.
"The delivery of our major growth projects is central to the future development of Kazakhmys and the Board believes it is in the best interests of the group and its shareholders to bring additional resource to ensure that commissioning remains on track," Chief Executive of Kazakhmys Oleg Novachuk said.
Kazakhmys PLC is a leading international natural resources 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 16 operating mines, 9 concentrators and 1 copper smelter.
China Nonferrous Metal Industry's Foreign Engineering and Construction Company., Ltd. is involved in international project contracting and nonferrous metal resource development.
Non Ferrous China has been involved in large-scale non-ferrous project management across Asia, including Central and Northern Asia, Central and South Africa and neighboring countries.
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