ASTANA, Kazakhstan, November 14. A copper cathode production plant will be launched in Kazakhstan's Zhambyl region, Trend reports.
This was stated during a meeting between the director of Shagala-Mining LLP, Alexey Antonishin, and the head of the regional executive power, Yerbol Karashukeyev.
The total cost of the project is 50.6 billion tenge (about $109 million). The project implementation period is calculated until 2024.
At the moment, 80 percent of the construction work has been completed.
As previously known, Monterra Qasaqstan LLP (a subsidiary of the German Monterra Group AG) will build a mining and metallurgical plant in Kazakhstan's Jambyl region. A plot of land for the construction of the plant has been allocated in the Korday district of the region.
Doré alloy (gold-silver alloy) will be manufactured at the new plant. When fully operational, the plant will be able to produce up to 10,000 kg of precious metal.
The project is estimated to cost 1.7 billion euros. It will be phased in over time. The organization plans to hire 1,900 people on a long-term basis. A rotation camp is being prepared for them.
Stay up-to-date with more news at Trend News Agency's WhatsApp channel