Kazakhstan’s explored gold reserves increase by 325 tons in last three years

Business Materials 19 February 2014 19:30 (UTC +04:00)
The explored gold reserves of Kazakhstan increased by 325 tons from 2010 to 2013.

Astana, Kazakhstan, Feb.19

By Daniyar Mukhtarov - Trend:

The explored gold reserves of Kazakhstan increased by 325 tons from 2010 to 2013, chairman of the Geology and Subsoil Committee under the Kazakh Ministry of Industry and New Technologies Bazarbay Nurabayev said at a seminar on "Status of resource base of gold sector, the ways of development of geological exploration works on gold in Kazakhstan".

"Currently, over 95 percent of explored gold reserves are in subsoil use," Bazarbay Nurabayev said.

Nurabayev recalled that the president has set the task of bringing gold production up to 70 tons per year in upcoming years.

"Its solution will not only require to increase the gold reserves through carrying out geological exploration works with state budget and with the funds of subsoil users, revaluation of the previously revealed objects, as well as solution of problems related to enrichment of refractory gold ores," the committee head said.

The gold reproduction is impossible without forming exploratory groundwork for what it is necessary to increase the volume of geological exploration work using the latest advanced geological and geophysical methods, according to Nurabayev.

In order to restore the ore potential of the regions, it is necessary to revaluate the reserves and to carry out geological and economic evaluation of the fields that are not being developed. The resolution of the problem of refractory ores' enrichment would involve operation in the fields with unique reserves, as well as a number of smaller similar objects," the committee head added.

Nurabayev also recalled that the significant part of the reserves and production of gold falls to complex gold-pyrite-polymetallic fields.

Translated by L.Z.

Edited by C.N.