Metals watch
AU$4,581.95/ozAGEUR 1,881.10 / 2,067.90/kgCU$14,291.00/tAL$3,227.00/tNI$16,860.00/tZN$3,980.00/tPB$1,857.00/tSN$55,900.00/tAU$4,581.95/ozAGEUR 1,881.10 / 2,067.90/kgCU$14,291.00/tAL$3,227.00/tNI$16,860.00/tZN$3,980.00/tPB$1,857.00/tSN$55,900.00/t
Eurasian mining, markets, policy and technology intelligence
Eurasia edition24 Aug 2026Daily briefingSearch
Register

Companies & Organisations

KAZ Minerals Extends Artemyevsky Mine Operations Until 2034

KAZ Minerals extends Artemyevsky Mine operations until 2034, investing $500 million in the second phase.

KAZ Minerals has announced the extension of operations at the Artemyevsky Mine, initially launched 19 years ago, until 2034. The second phase of the mine’s development, which involved an investment of approximately $500 million, was revealed through the company’s Telegram channel. The Artemyevsky Mine produces 1.2 million tons of polymetallic ores annually, and to maintain production capacity, the company plans to explore and develop new mining horizons.

Ildur Dautov, head of Vostoktsvetmet LLP, highlighted that although this is an expansion project, its scale and complexity are comparable to building a new mine. “By extending the life of the mine, we are ensuring social stability in the region,” Dautov stated.

Geological exploration at the site began in 2012, and by 2018, the company had recalculated the reserves and developed a new mining project. As part of the second phase of the mine’s expansion, specialists have completed 18 kilometers of mine workings, upgraded the main ventilation system, and replaced key equipment. Additionally, they built a new air heating system, waste treatment facilities, and a tailings storage facility in the disused Nikolaevsky quarry.

A new 742-meter air-supply shaft, equipped with an elevator and access points at two levels, has also been constructed. KAZ Minerals has added other infrastructure, including an explosives warehouse and a three-conveyor transport system. Further plans include the installation of a repair facility for equipment and other auxiliary structures.

More from the desk