Kazakhmys Corporation LLP will invest over 2.056 trillion tenge in the development of the Koksay and Aidarly copper deposits in Kazakhstan. The investment is aimed at ensuring the creation of around 2.6 thousand new jobs in the country. The Koksay deposit, located in the Zhetysu region, will be operated by Consolidated Construction Mining Company, a subsidiary of Kazakhmys. The deposit is estimated to have 823.7 million tons of ore, including 3.5 million tons of copper with an average grade of 0.42%, 63.7 tons of gold, and 865 tons of silver. To extract these minerals, a mining and processing plant with a capacity of 50 million tons of ore per year will be built, creating about 1.3 thousand jobs and costing 976 billion tenge. Production is slated to begin in 2026.
The Aidarly field, located in the Abai region, will be operated by JSC “Aidarly Project”, which is part of Kazakhmys. The deposit is estimated to have around 1.53 billion tons of ore, including 5.87 million tons of copper with an average grade of 0.38%, 14.1 tons of gold, and 2,168 tons of silver. A mining and concentration complex with a capacity of 50 million tons of ore per year will be built to extract these minerals, creating about 1.3 thousand new jobs and costing 1.08 trillion tenge. The start of production is scheduled for 2027.
Kazakhmys has involved leading Kazakhstani scientific and survey organizations, as well as international consultants, in the design of the enterprises to ensure high standards of environmental and industrial safety. The Chairman of the Board of Kazakhmys, Nurakhmet Nuriev, said that the investment projects are of national importance and will contribute to the socio-economic development of the Zhetysu and Abai regions and the growth of the welfare of their populations. Over the entire period of project implementation, it is estimated that the total tax deductions from enterprises to the budgets of all levels will exceed 3.3 trillion tenge.