MINEX Forum

Region: Kazakhstan

  • Creation of a cluster for the production of materials based on the limestone deposit “Baiterek”

    Creation of a cluster for the production of materials based on the limestone deposit “Baiterek”

    [vc_row][vc_column][vc_column_text]Source: Kazakh Invest[/vc_column_text][vc_raw_html]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[/vc_raw_html][vc_column_text]Products

    Annual capacity:

    • 100 thousand tons of quicklime;
    • 345.6 thousand pieces of silicate bricks;
    • 6,912 sq. m of paving and curb tiles.

    Project

    This investment project (hereinafter referred to as the “Project”) plans to create a cluster for the production of building materials based on the limestone deposit “Baiterek”, located in the Shieli district of the Kyzylorda region. The product sales market is the Republic of Kazakhstan. Target groups for the sale of products are construction organizations, enterprises of the mining and metallurgical cluster and the population of the Republic of Kazakhstan. The start of production is scheduled for the 4th quarter of 2022, and the output to the design capacity in 2029.

    Company

    The initiator is Tabigi Tas Kyzylorda LLP, whose main activity is the extraction of limestone, gypsum and chalk. The initiator has the right to extract limestone at the deposit until 2035.

    Market

    • In 2020, the indicators of global lime production reached a volume of 420 million tons, and the volume of the world market was at the level of 41.93 billion US dollars. According to Fortune Business Insights forecasts, the global lime market will grow from $42.64 billion in 2021 to $51.04 billion in 2028. The average annual growth rate of the market will be 2.6% for the period 2021-2028.

    What is the attractiveness of the project?

    • The presence of its own raw material base will reduce production costs, production costs and transportation costs, as well as ensure proper quality control of the Plant’s products. The initiator is a subsurface user on the basis of a contract for the commercial extraction of limestones at the sites of the carbonate (limestone) deposits “Baiterek 1”, “Baiterek 2”, “Baiterek 3” until 2035.
    • High quality limestone. The limestone of the Bayterek deposit contains an average of 96-98% carbonates, which makes it possible to use raw materials for the production of lime and building materials without additional expensive cleaning.
    • Stable demand for products. The volume of construction works in the Kyzylorda region shows positive dynamics (CAGR for 2016-2020 9.2%). The average volume of the construction market in the region reached 264 million US dollars for the period 2016-2020.

    Investment offer

    The Project requires financing in the amount of 8,314 thousand US dollars, including:

    • 70% (5,820 thousand US dollars) – debt financing in the presence of collateral;
    • from 30% (2,494 thousand US dollars) – investor participation.

    The proposed financing structure and measures of state support are indicative, the final structure of financing and participation in the Project will be determined based on the results of joint negotiations with the investor.

    [/vc_column_text][/vc_column][/vc_row]

  • Construction of a hydrometallurgical plant for the production of cathode nickel and cobalt

    Construction of a hydrometallurgical plant for the production of cathode nickel and cobalt

    [vc_row][vc_column][vc_column_text]Source: Kazakh Invest[/vc_column_text][vc_column_text]Products

    Annual capacity:

    • Cathode nickel – 6,220 tons;
    • Cathode cobalt – 250 tons;

    Project

    The project provides for the construction of a hydrometallurgical plant for the production of cathode nickel and cobalt on the basis of the large Belogorskoye deposit. The company intends to send up to 100% of its products for export, mainly to China.

    Company

    The initiator is Belogorskoye LLP, whose main activity is the extraction of other non-ferrous metal ores. The initiator has license No. 326-EL dated October 1, 2019 for the exploration of solid minerals at the Belogorskoye deposit until November 26, 2025 (four blocks: M-44-91-(10v-5a-17, 18, 22, 23) .

    Market

    • In the last 5 years, China has been the world’s leader in nickel consumption. At the end of 2021, the volume reached 1,682 thousand tons, which is 59% of the world indicator. Metal consumption in China continuously increased from 1.2 Mt in 2017 to 1.7 Mt in 2021 at a CAGR of 9.2%.
    • The target market (China) is the world leader (about 50%) in stainless steel smelting, consuming 1.2 million tons of nickel (2021), and in the production of batteries for electric vehicles (metal consumption in the amount of 277 thousand tons).
    • Global cobalt consumption increased from 128 kt in 2017 to 175 kt in 2021, reaching a CAGR of 8.1%. Cobalt demand is expected to continue strong growth due to the global transition to electric vehicles and is expected to approach 317 kt in 2026.

    What is the attraction of the project?

    • Availability of subsoil use rights for exploration. The initiator is a subsoil user with a license for the exploration of solid minerals (nickel and cobalt) at the Belogorskoye deposit No. 326-EL dated October 1, 2019.
    • Evaluation of deposit reserves. The reserves were put on the state balance sheet in 2019. Belogorskoye is one of the richest nickel-cobalt deposits in Central Asia. The deposit has 48 thousand tons of approved reserves of nickel in category C2. The volume of balance and off-balance reserves of the deposit exceeds 80 thousand tons of nickel and 3 thousand tons of cobalt.
    • Geographic location. The project has an advantageous location in terms of geographical proximity to China, the main consumer of metals.

    Investment offer

    To implement the Project, funding in the amount of USD 99,935 thousand is required:

    • 70% (USD 69,954 thousand) – debt financing (subject to collateral);
    • from 30% (USD 29,980 thousand) – investor participation.

    The proposed financing structure and state support measures are indicative, the final financing structure and the stake in the Project will be determined based on the results of joint negotiations with the investor.[/vc_column_text][/vc_column][/vc_row]

  • Extraction and processing of rare earth metals of the Kundybai deposit

    Extraction and processing of rare earth metals of the Kundybai deposit

    [vc_row][vc_column][vc_column_text]Source: Kazakh Invest[/vc_column_text][vc_raw_html]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[/vc_raw_html][vc_column_text]Products

    Annual capacity:

    • Ore containing REM – 3 million tons.

    Project

    The project provides for the development of the Kundybai deposit of rare earth elements. The deposit, due to the discontinuous arrangement of four ore bodies, will be mined in three separate open pits. It is planned to use an open pit mining method.

    Company

    The initiator is Kundybai Mining JSC, whose main activity is geological exploration and surveys without scientific research and development. The initiator is in the process of obtaining a license for the extraction of solid minerals (REM) at the Kundybai deposit (4 open pits with a geological allotment area of ​​31.2 sq. km).

    Market

    • China showed an average annual positive growth rate of REM production of 12.5% ​​from 2017 (105 thousand tons) to 2021 (168 thousand tons). According to the plan of the Ministry of Natural Resources of China, quotas for mining and smelting will increase by 20% and amount to 202 thousand tons and 194 thousand tons, respectively.
    • Between 2017 and 2021 The Chinese government has taken a number of measures to limit the export of raw materials containing REM (concentrates, carbonates and other compounds) in order to localize the production of highly processed products from REM. As a result, China increased its share in the structure of world exports of processed REM products from 50% (5.5 thousand tons) in 2017 to 64% (8.8 thousand tons) in 2021.
    • The level of world mine production of REM has been continuously growing from 132 thousand tons in 2017 to 280 thousand tons in 2021, demonstrating a rapid CAGR of 20.7%.

    What is the attraction of the project?

    • Estimation of deposit reserves. Statement of reserves on the state balance was made in 2012. Kundybay is one of the richest deposits of REM in Central Asia. The deposit has 25 thousand tons of approved reserves of REM oxides in category C2. The volume of ore reserves with an average REM content of 0.051% is 49 million tons.
    • Developed infrastructure. The field is located 50 km south-west of the city of Zhitikara, near which passes the highway of republican significance A-23, and other infrastructure facilities.
    • Favorable conditions for mining. The physical and geological properties of the ore from the Kundybay deposit make it possible to avoid drilling and blasting. Soft, dense or loose rocks are removed directly from the massif using an open method.

    Investment proposal

    For the implementation of the Project, financing in the amount of 1,439 thousand US dollars is required:

    • 70% (USD 1,007 thousand) – debt financing (subject to availability of collateral);
    • from 30% (432 thousand US dollars) – investor participation.

    The proposed financing structure and state support measures are indicative, the final financing structure and the stake in the Project will be determined based on the results of joint negotiations with the investor.[/vc_column_text][/vc_column][/vc_row]

  • Development of the Atygay gold deposit with the production of doré alloy

    Development of the Atygay gold deposit with the production of doré alloy

    [vc_row][vc_column][vc_column_text]Источник: Kazakh Invest[/vc_column_text][vc_raw_html]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[/vc_raw_html][vc_column_text]Products

    Annual capacity:

    • 84 thousand ounces of gold in doré bars;
    • 2 million tons of gold ore;

    Project

    The project provides for the construction of a gold recovery plant (GIF) on the basis of one of the largest deposits of gold-bearing ores in the Republic of Kazakhstan “Atygai” for the production of gold in doré bullion. When developing the deposit, it is planned to use an open method for extracting gold ore, which is then subject to the process of gravity enrichment.

     

    Company

    The initiator is Atygay Gold Mining LLP, whose main activity is geological exploration and surveys. The initiator has a license No. 29-ML dated September 2, 2021 for the extraction of solid minerals at the Atygay deposit (Northern block until 2046).

    Market

    • Gold doré production in Kazakhstan increased from 16.9 tons in 2013 to 35.2 tons in 2021, reaching a CAGR of 10%.
    • The volume of net purchases of gold by the National Bank of the Republic of Kazakhstan increased from 36 tons in 2016 to 60 tons in 2020, demonstrating a CAGR of 14% in the specified period. Gold reserves in the National Bank of the Republic of Kazakhstan increased from 300 tons in 2017 to 402 tons in 2021 with a compound annual growth rate of 8%/
    • Continuous growth in gold doré production in Kazakhstan coincided with commissioning in 2013 and a gradual increase in production to design capacity (25 tons) in 2019-2020. plant for the production of refining gold “Tau-Ken Altyn” in the capital of the Republic of Kazakhstan, the productivity of which can increase up to 70 tons per year.

    What is the attraction of the project?

    • Availability of subsoil use rights for production. The initiator is a subsoil user with a license for the extraction of solid minerals (gold) at the Atygay deposit (Northern area until 2046) No. 29-ML dated September 2, 2021.
    • Estimation of deposit reserves. An estimate of the reserves of the deposit according to the Kazakhstani standard KAZRC was received from the Committee of Geology. The field has 16 tons of approved reserves in C1+C2 categories. The total resources/reserves according to the author’s calculation exceed 100 tons.
    • Homogeneous ore. Poor sulfide ores of the Atygai deposit are monometallic with the only useful component in the form of gold, which is in a free state. This circumstance makes it possible to reach 89% of the extraction of the precious metal.

    Investment proposal

    For the implementation of the Project, financing in the amount of 69,295 thousand US dollars is required:

    • 70% (USD 48,506 thousand) – debt financing (subject to collateral);
    • from 30% (USD 20,789 thousand) – investor participation.

    The proposed financing structure and state support measures are indicative, the final financing structure and the stake in the Project will be determined based on the results of joint negotiations with the investor.[/vc_column_text][/vc_column][/vc_row]

  • Extraction and processing of gold ores

    Extraction and processing of gold ores

    [vc_row][vc_column][vc_column_text]Source: Kazakh Invest[/vc_column_text][vc_raw_html]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[/vc_raw_html][vc_column_text]Project

    Extraction of explored gold ores at the Kogadyr-6 deposit and construction of a gold recovery plant. The total reserves are 58 tons of gold resources (JORC), of which 10.9 tons are in the “indicative” category and 28.6 tons are in the “inferred” category. The average gold content is 1.2 grams per ton.

    Company

    Central Asia Gold Group is engaged in exploration and mining of gold ores at the Kogadyr deposit with a total area of ​​33 sq. km (includes 11 objects).

    Market

    Kazakhstan’s gold market is estimated at $5.5 billion in 2020. Gold consumption in Kazakhstan is mainly generated by processing gold at three refineries: Kazzinc, Kazakhmys and Tay-Ken Altyn. Currently, all refined gold produced is used to replenish the country’s gold and foreign exchange reserves.

    What is the attraction of the project?

    Products in the form of finished doré are sold directly to the state-affiliated Tay-Ken Altyn refinery, which provides the investor with an off-take (the purchase price corresponds to the price level of the London Bullion Market Association). The ultimate buyer of refined gold is the National Bank of the Republic of Kazakhstan. Revenue is paid in US dollars and the majority of operating expenses are in Kazakhstani tenge.

    Investment proposal

    It is proposed to sell a stake in the company for $100 million for a mining and processing plant. The initiator is ready to sell a controlling stake in the company at an estimated cost of $120 million.

     

    Project

    Extraction of explored gold ores at the Kogadyr-6 deposit and construction of a gold recovery plant. The total reserves are 58 tons of gold resources (JORC), of which 10.9 tons are in the “indicative” category and 28.6 tons are in the “inferred” category. The average gold content is 1.2 grams per ton.

    Company

    Central Asia Gold Group is engaged in exploration and mining of gold ores at the Kogadyr deposit with a total area of ​​33 sq. km (includes 11 objects).

    Market

    Kazakhstan’s gold market is estimated at $5.5 billion in 2020. Gold consumption in Kazakhstan is mainly generated by processing gold at three refineries: Kazzinc, Kazakhmys and Tay-Ken Altyn. Currently, all refined gold produced is used to replenish the country’s gold and foreign exchange reserves.

    What is the attraction of the project?

    Products in the form of finished doré are sold directly to the state-affiliated Tay-Ken Altyn refinery, which provides the investor with an off-take (the purchase price corresponds to the price level of the London Bullion Market Association). The ultimate buyer of refined gold is the National Bank of the Republic of Kazakhstan. Revenue is paid in US dollars and the majority of operating expenses are in Kazakhstani tenge.

    Investment proposal

    It is proposed to sell a stake in the company for $100 million for a mining and processing plant. The initiator is ready to sell a controlling stake in the company at an estimated cost of $120 million.
    [/vc_column_text][/vc_column][/vc_row]

  • Extraction and processing of tin ores

    Extraction and processing of tin ores

    [vc_row][vc_column][vc_column_text]Source: Kazakh Invest[/vc_column_text][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJ0YWJsZV9pbl9kZXRhaWwlMjIlM0UlMEElMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlM0N1bCUyMGNsYXNzJTNEJTIybWFwX3RhYmxlJTIyJTNFJTBBJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTNDbGklM0UlMEElMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlM0NzcGFuJTNFSW5kaWNhdG9yJTNDJTJGc3BhbiUzRSUwQSUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUzQ3NwYW4lM0VSZXN1bHRzJTNDJTJGc3BhbiUzRSUwQSUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUzQyUyRmxpJTNFJTBBJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTNDbGklM0UlMEElMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlM0NzcGFuJTNFSW52ZXN0bWVudCUyMGFtb3VudCUyQyUyMHRob3VzYW5kJTIwVVMlMjBkb2xsYXJzJTNDJTJGc3BhbiUzRSUwQSUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUzQ3NwYW4lM0UyODUlMjAwMDAlM0MlMkZzcGFuJTNFJTBBJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTNDJTJGbGklM0UlMEElMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlM0NsaSUzRSUwQSUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUzQ3NwYW4lM0VOUFYlMjBvZiUyMHRoZSUyMFByb2plY3QlMjB0aG91c2FuZCUyQyUyMFVTJTIwZG9sbGFycyUzQyUyRnNwYW4lM0UlMEElMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlM0NzcGFuJTNFMzgwJTIwMDAwJTNDJTJGc3BhbiUzRSUwQSUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUzQyUyRmxpJTNFJTBBJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTNDbGklM0UlMEElMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlM0NzcGFuJTNFSVJSJTJDJTIwJTI1JTNDJTJGc3BhbiUzRSUwQSUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUzQ3NwYW4lM0U0MSUyQzIlMjUlM0MlMkZzcGFuJTNFJTBBJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTNDJTJGbGklM0UlMEElMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlM0NsaSUzRSUwQSUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUzQ3NwYW4lM0VJQklUREElMjB5aWVsZCUyQyUyMCUyNSUzQyUyRnNwYW4lM0UlMEElMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlM0NzcGFuJTNFJTNDJTJGc3BhbiUzRSUwQSUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUzQyUyRmxpJTNFJTBBJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTNDbGklM0UlMEElMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlM0NzcGFuJTNFUGF5YmFjayUyMHBlcmlvZCUyQyUyMHllYXJzJTNDJTJGc3BhbiUzRSUwQSUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUzQ3NwYW4lM0U0JTJDNyUzQyUyRnNwYW4lM0UlMEElMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlM0MlMkZsaSUzRSUwQSUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUzQ2xpJTNFJTBBJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTNDc3BhbiUzRURpc2NvdW50ZWQlMjBwYXliYWNrJTIwcGVyaW9kJTJDJTIweWVhcnMlMjAtJTIwLSUzQyUyRnNwYW4lM0UlMEElMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlMjAlM0NzcGFuJTNFJTNDJTJGc3BhbiUzRSUwQSUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUyMCUzQyUyRmxpJTNFJTBBJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTIwJTNDJTJGdWwlM0UlMEElMjAlMjAlMjAlMjAlM0MlMkZkaXYlM0U=[/vc_raw_html][vc_column_text]Project

    Construction of a mining and metallurgical complex for the extraction and processing of tin ores at the Syrymbet deposit. The main products are tin concentrates and tin sublimates with an annual production capacity of 3,500 tons and 4,900 tons respectively.

    Company

    75% of the shares of Tin One Mining JSC are owned by the private company Berkut-Mining LLP, the remaining 25% of the shares are owned by the state investment company Samruk Kazyna Invest LLP.

    Market

    The global tin ore market was worth $7 billion in 2020, with an expected CAGR of 2.24% over the next decade. Due to the growing demand in the electronics industry and the corresponding manufacturing base, the Asia-Pacific region is currently the largest market for tin-based products. North America is the second largest market followed by Europe.

    What is the attraction of the project?

    The Syrymbet deposit is the only one in Kazakhstan and the world’s largest undeveloped deposit with proven and classified tin reserves in accordance with the 2012 JORC Code. The commercial reserves of the Syrymbet deposit amount to 124.7 million tons of ore, with total tin reserves of about 501,000 tons. To date, tin is not produced in Kazakhstan, the country is completely dependent on imports (320 tons were imported in 2019).

    Investment proposal

    A $125 million equity investment is required to build a mining and smelting plant for the extraction and processing of tin ores at the Syrymbet deposit in exchange for a 50% stake in the project.

     

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  • Extraction and processing of nickel-cobalt ores

    Extraction and processing of nickel-cobalt ores

    [vc_row][vc_column][vc_column_text]Source: Kazakh Invest[/vc_column_text][vc_raw_html]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[/vc_raw_html][vc_column_text]Project

    Construction in Kazakhstan of the first innovative metallurgical complex for the processing of cobalt-nickel ores, with the extraction of nickel and cobalt at the Gornostaevskoye deposit. Proved reserves are up to 1,000 thousand tons of nickel and up to 66 thousand tons of cobalt.

    Company

    Qaznickel is a mining company located in the East Kazakhstan region. Since 2004, he has been engaged in the geological exploration of the Gornostaevskoye deposit. In 2019, it began the pilot operation stage using an advanced in-situ leaching method.

    Market

    In 2020, the target market for nickel and cobalt is valued at $20 billion, with a 5% CAGR. It is expected that world production of nickel will grow by an average of 3.5% per year and by 2027 will reach 2.9 million tons. China is the largest consumer of nickel, hosting the world’s largest consumers: producers of steel, catalysts, batteries, etc.

    What is the attraction of the project?

    Kazakhstan is rich in nickel and cobalt (12th and 7th places respectively). The country is particularly rich in lateritic nickel ores, the only source of low-grade and ferrous nickel production. The absence of large domestic production also makes it possible to replace imports and export products to the world’s largest consumers – China, Korea, Russia and Japan.

    Investment proposal

    A US$100 million investment is being sought to launch a cobalt-nickel ore processing facility. The owner is ready to sell a 25% stake in the project.

    [/vc_column_text][/vc_column][/vc_row]

  • Development of gold deposits Tokhtar

    Development of gold deposits Tokhtar

    [vc_row][vc_column][vc_column_text]Source: Kazakh Invest[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_raw_html]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[/vc_raw_html][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Project

    According to the State Reserves Committee of the Republic of Kazakhstan, gold reserves are 48 tons in the indicated category (С1-С2), the average gold grade is 5.8 g/t. Preparing a report on reserves in accordance with the JORC Code is being finalized. The project involves the extraction of gold-bearing ores by an open method (oxidized ores) with further extraction of gold by heap leaching and underground mining (sulphide ores), with further extraction of gold by flotation.

    Company

    KAML Kazakhstan Holding LLP is the founder of Tokhtar Mining Company LLP, which has the right to subsoil use the Tokhtarovskoye fields, as well as Integrated Geological and Ecological Expedition LLP, which has the right to subsoil use the South-Tokhtarovsko-Barambaev gold ore area (“STB”), including the South-Tokhtarovskoye field”.

    Market

    Kazakhstan’s gold market is estimated at $5.5 billion in 2020. Gold is very profitable because it is in demand today, when the economy is very unstable, and the threat of a pandemic hangs over countries. Gold consumption in Kazakhstan is mainly generated by processing gold at three refineries: Kazzinc, Kazakhmys and Tau-Ken Altyn. Currently, all refined gold produced is used to replenish the country’s gold and foreign exchange reserves. According to experts, by the end of 2020, processing volumes in Kazakhstan will reach 80-90 tons.

    What is the attraction of the project?

    Demand is fully guaranteed, cathode gold will be sold directly to refineries, which provides the investor with an off-take (the purchase price corresponds to the price level of the London Bullion Market Association). The ultimate buyer of refined gold is the National Bank of the Republic of Kazakhstan. Revenue is paid in US dollars and the majority of operating expenses are in Kazakhstani tenge.

    Investment proposal

    It is proposed to sell the enterprises that own the Tokhtar, South Tokhtar and STB fields for $190 million.

    [/vc_column_text][/vc_column][/vc_row]

  • Increase in the resource base and expansion of gold production in the Tobolsk area of deposits

    Increase in the resource base and expansion of gold production in the Tobolsk area of deposits

    [vc_row][vc_column][vc_column_text]Source: Kazakh Invest[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_raw_html]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[/vc_raw_html][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Project Description:

    The project provides for the exploration, production and processing of gold-bearing ores of the Tobolsk area of ​​deposits (the “Project”).

    Project Goals:

    • increase in capacities for extraction/processing of oxide ores;
    • detailed geological exploration of sulfide ores with commercial reserves;
    • increase in capacities for the extraction and processing of oxide ores.
    • Construction of a plant for the processing of sulfide ores Marketable products: Dore alloy
      Initiator:

    LLP “Brendt” is mining oxide ores with finishing to the “Dore” alloy. Processing of ores is carried out in an open way. The current mining/processing capacity is 800 thousand tons of ore per year.

    Planned capacity: Annual volume of extraction and processing of sulfide ores at the level of 1.8 million tons of ore.

    Sales market: Kazakhstan

    Market preconditions:

    Consistently high demand – Gold consumption in the world is at a consistently high level. It is used in technology in the form of alloys with other metals, in the aviation and space industries, radio equipment, electronics, and medicine. A significant part of the gold goes to the manufacture of jewelry. It also plays the role of the main currency metal.

    Availability of a client base – In Kazakhstan, gold consumption is mainly formed for the purpose of replenishing the country’s foreign exchange reserves as a result of processing by three refineries: Kazzinc in Ust-Kamenogorsk, Kazakhmys in Balkhash and TauKen-Altyn in Nur-Sultan . According to experts, by 2020 refining will reach 80-90 tons per year.

    Reserves and resources of the Tobolsk area, JORC calculation[/vc_column_text][/vc_column][/vc_row]

  • Processing of copper ores and production of cathode copper

    Processing of copper ores and production of cathode copper

    [vc_row][vc_column][vc_column_text]Source: Kazakh Invest[/vc_column_text][vc_raw_html]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[/vc_raw_html][vc_column_text]Project

    Launch of mining and processing of copper ores at the Sayak deposit and production of cathode copper and copper concentrates.

    Company

    The project operator, Advanced Mining Technologies LLP, has licenses for the extraction of minerals at the Sayak deposit in the Karaganda region. The ultimate beneficiary is Commonwealth American Partners L.P. (through LLP “First Eurasian Mining”), a company with 20 years of experience in the oil and metallurgical industries in the world.

    Market

    In 2020, the global copper market is valued at $145.5 billion, with an expected CAGR of 2% over the next decade. By 2028, global copper production is expected to reach 28.7 million tons (up from 21.4 million tons in 2019). The Asia-Pacific region (including China and India) is the largest market for copper, where demand for copper was 17.3 million tons last year alone. It is expected that by 2021 the demand for copper in the region will increase to 18 million tons, and global consumption – 25.2 million tons.

    What is the attraction of the project?

    The company has reached an agreement with international partners (including Glencore, Trafigura, Traxys, Noble Group, etc.). Kazakhstan has 37 million tons of copper reserves (8th place in terms of reserves or 4.7% of the total reserves in the world). To date, 55 copper deposits have been registered in the State Balance of Natural Resources of Kazakhstan, mainly in the Karaganda and East Kazakhstan regions.

    Investment proposal

    It is proposed to sell a stake in the company for $58.4 million to launch the production of cathode copper in Kazakhstan. The determination of the share will be reached in the course of negotiations.

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