home New Projects Construction of a mining and smelting enterprise

Construction of a mining and smelting enterprise

Updated:2022-12-20 07:07:00 Download PDF

Project details

• Country Kazakhstan
• Region Akmola Region
• Project type Plant
• Type of work Construction
• Project category Industrial
• Project status Completed
• Terms of implementation 2020-2022

Industry

• Oil & Gas Industry, Mining, Metallurgy

Sub-industry

• Non-ferrous Metals
• Industrial Minerals

Comment

The project provides for the construction of a mining and metallurgical facility to produce doré bars with a gold content of 88%. Capacity: processing = 5 million tonnes of ore, production = 150 thousand ounces of gold per year. Project originator: Verny Capital Group. Operator: LLP RG Processing (owned by Verny Capital and Resource Capital Fund). Raw materials: gold-bearing ore sourced from the deposits of LLP RG Gold, Northern and Southern Raigorodok (gold reserves: 100 tonnes, estimated JORC resources: 185 tonnes). Project financing: $425 million, including a loan from JSC Development Bank of Kazakhstan ($300 million) and funds to be sourced from LLP RG Processing ($125 million). Commissioning: Q3 2022.

Project economics

• Approximate amount of investment 425 mln
• Approximate amount of investment 425 mln
• Planned production volume 4