The East Mineral Resources company will develop dumps (technogenic mineral formations, TMF) of the Irtysh copper smelter, where it plans to mine zinc and copper from 2024 to 2043.
As noted in the company’s statement, work will be carried out on the right bank of the Irtysh on a site with an area of 26 hectares in the Glubokovsky district of the East Kazakhstan region, 28 km northwest of Ust-Kamenogorsk and north of the village of Glubokoye. The dumps will be mined 365 days a year in two shifts using an open pit method up to 300 thousand tons annually from 2024 to 2043.
The metal content of the ore will be: 600 tons of copper in 2024, 710 tons of copper in 2025, 1,440 tons of copper in 2026, 1,440 tons in 2027–2042 and 1,230 tons in 2043. It is expected to receive more zinc: 6.74 thousand tons in 2024, 6.81 thousand tons in 2025, 13.86 thousand tons in 2026, 13.86 thousand tons in 2027–2042 and 11.83 thousand tons in 2043.
At the same time, the company plans to clarify the metal content in metallurgical slag to calculate ore reserves according to KAZRC standards. Advance exploration (exploration drilling) is planned to be carried out before the start of production in order to increase the reliability of the calculated reserves and to keep records of the extracted slags.
The owners of East Minerals Resources are Liberty Qazaq Ltd., registered in the Astana International Financial Center. and Karadeniz Fatih, who is also the sole shareholder of Liberty Qazaq Ltd.
