Tuzdybastau company talks details of salt extraction in Kazakhstan's Almaty (Exclusive)

Business Materials 27 June 2019 14:35 (UTC +04:00)

Baku, Azerbaijan, June 27

By Nargiz Sadikhova - Trend:

Tuzdybastau mining company of Kazakhstan will expand territory of salt extraction in Kazakhstan’s Almaty region, Askar Beyseyev, the commercial director of the company told Trend.

According to Beyseyev, the company expanded extraction work to South-East part of Shol-Adyr field in Kegen settlement of the region.

“The field was discovered in 1908, but no developing work has been carried out since the time of USSR. Now we work on developing previously untouched South-East part of the field,” he said.

“Currently there are three 300 meter long wells that were drilled. The stockpile of South-East part is assessed to equal to 26 million tons,” Beyseyev added.

As reported previously, the extraction volume is to equal 150,000 tons a year. Thus, the volume of stockpile will last for 250-300 years of extraction, added the commercial director.

He further stated that the volume of South-East part equals to one tenth on the total volume of the field.

As reported previously, the cost of the extraction work is to amount to 500 million tenge. Currently the extraction work is being sponsored by the company itself.

“We look into working with investor. Negotiations with a number of potential investors are taking place at the moment, but a certain investor has not been singled out yet,” he concluded.

Tuzdybastau is a Kazakh company, which was established in 2015 in Almaty region of the country. The main field of activity of the company is mining industry.

(1USD = 379.12 KZT on June 27)


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