In 2024, Kazakhmys Corporation LLP obtained 15 new licenses for exploration of solid minerals deposits in Kazakhstan. The mineral user aims to expand its own mineral resource base through these new areas, as reported by the company’s press service.
In its statement, Kazakhmys also refutes the information that it violates contractual obligations regarding subsoil use. The enterprise notes that from 2020 to 2022, it fulfilled investment commitments under 10 contracts in full. Additionally, over the past two years, the company has invested around 45 billion tenge in the development of the Karaganda and Ulytau regions.
Over the last five years, the corporation has invested over 31 billion tenge in 47 geological exploration projects. Kazakhmys conducts exploration activities in seven regions of the republic. The explored area during this period amounted to 20,000 square kilometers.
The new areas where the mineral user will begin geological exploration work are likely located near the Sokyrka deposit (Balkhash ore district). The contract for the extraction of copper and polymetallic ores on this deposit was signed by Kazakhmys in 2019.
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