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Gold and silver extraction to be launched in Kazakhstan's Zhambyl

Business Materials 1 November 2019 16:35

BAKU, Azerbaijan, Nov.1

By Nargiz Sadikhova - Trend:

A subsidiary of Kazakhstan’s Tau-Ken Samruk national mining company - Shokpar-Gagarin is developing a plan for development of Gagarinskoye and Shokpar fields, Tau-Ken Samruk company told Trend.

Earlier this year, Tau-Ken Samruk company has announced that gold and silver reserves were discovered in the fields located in Kazakhstan’s Zhambyl region.

Kazakh state commission on reserves approved the reserves of the Gagarinskoye field in the amount of 2.257 million tons of ore, including 10,104 kg of gold and 84.2 tons of silver. The reserves of the Shokpar field were approved in the amount of 1.554 million tons of ore, including 10,952 kg of gold and 51.5 tons of silver.

“Indeed, gold and silver reserves are approved on Gagarinskoye and Shokpar fields. Currently, Shokpar-Gagarin LLP is in the process of mining plan development,” the representative of the company said.

The official also added that approximate date of mining work launch, taking into consideration plan’s design and construction, is 2022.

The company is planning to attract contractors and third party participants to the mining.

"We are also interested in attracting strategic partners for joint implementation of the project,” the official said.

The representative also added that at this stage, the cost of mining remains unknown.

Gagarinskoye field is located in the Korday district of Zhambyl region approximately 200 km west of Almaty.

Shokpar field is located at the territory of Korday district of Zhambyl region, 40 km away from Gagarinskoye field.

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Follow the author on twitter: @nargiz_sadikh

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