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Kazakhstan’s Altynalmas AK receives mining rights for one more gold mine

Business Materials 29 December 2020 13:06 (UTC +04:00)
Kazakhstan’s Altynalmas AK receives mining rights for one more gold mine

BAKU, Azerbaijan, Dec. 29

By Nargiz Sadikhova - Trend:

Kazakhstan’s Altynalmas AK JSC has received the right for operations at the Sayak-4 gold mine, Trend reports citing the company’s statement published by Altynalmas AK JSC.

The company said it gained the right for mining of solid minerals at the deposit. The Sayak-4 gold mine is in Aktogay region of Kazakhstan’s Karaganda region.

The Sayak-4 deposit was first recorded in 1968 during Soviet times and subsequently explored with three periods of investigation up to 1991. Most recently, the deposit has been investigated during a 2018 confirmatory drilling campaign carried out by Altynalmas.

The historical underground mining is accessed by a surface ramp that has been limited to historical exploration drives and cross cuts.

AK Altynalmas JSC performs operations on subsoil use in a variety of gold ore objects. These objects are deposits of Akbakai region in Zhambyl area and Pustynnoye deposit and Karyernyi site in Karaganda area.

Recently this year the company also reported on plans to extract up to 2.5 million tons of gold ore on the Dolinnoye field in country’s Karaganda region starting from 2020.

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Follow the author on twitter: @nargiz_sadikh

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