Baku, Azerbaijan, Sept. 27
By Elena Kosolapova – Trend:
Australian company Iluka Resources jointly with Kazakh Kazgeology is holding a geological survey in Kostanai region of Kazakhstan, the Kazakh Investment and Development Ministry said Sept. 27.
Iluka is eyeing to discover world-class mineral deposits in Kazakhstan with subsequent commissioning of mines as well as a concentrating and processing factory.
The project worth 400 million tenges (337.56 tenge = $1) is fully funded by the Australian company.
Six boreholes have already been drilled at the site and it is planned to drill 49 wells until the end of the field season.
An aeromagnetic exploration was held at the site in July-August 2016 followed by approval of exploration program for 2017.
Australian mining company Iluka Resources is the world’s largest producer of zircon and global manufacturer of high-quality titanium products.
Follow the author on Twitter: @E_Kosolapova