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Kazakhstan's mining company negotiating with potential investors

Business Materials 8 September 2020 13:00 (UTC +04:00)
Kazakhstan's mining company negotiating with potential investors

BAKU, Azerbaijan, Sept. 8

By Nargiz Sadikhova - Trend:

The Tau-Ken Samruk National Mining Company (JSC) of Kazakhstan is negotiating with potential investors on partnership to develop the ‘Shokpar’ and ‘Gagarinskoye’ deposits, the company told Trend.

"At the end of 2019, the assessment stages of geological explorations at these fields were completed. The reserves of gold and silver discovered here have been approved within industrial categories, put on the state balance sheet and are subject to industrial development," said the company.

In accordance with the legislation of Kazakhstan on subsoil use, procedures are presently being carried out to obtain licenses for production, the company noted.

Field work isn’t being carried out at the moment, the company is negotiating with potential investors on options for development partnership, the company said.

By the decision of the state commission on reserves of Kazakhstan the reserves on the Gagarinskoye deposit in the amount of 2.2 million tons of ore, gold of 10,104 kilograms, and silver of 84.2 tons were approved. The reserves of the Shokpar deposit were approved in the amount of 1.5 million tons of ore, gold – 10,952 kilograms, silver - 51.5 tons.

The Gagarinskoye field is located in the Kordai district of the Zhambyl region, approximately 200 kilometers west of Almaty city.

The Shokpar field is located in the Kordai district of the Zhambyl region, 40 kilometers from the Gagarinskoye field.

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Follow the author on Twitter: @nargiz_sadikh

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