Kazakhmys plc to Develop Copper with Australia and China

---

Researched by Industrial Info Resources (Sugar Land, Texas)--In June, Kazakhmys Corporation plc (LSE:KAZ) (Almaty, Kazakhstan) awarded Aker Solutions Australia Pty Limited (Brisbane, Queensland) and Aker Solutions Beijing (Beijing, China) a US$15 million contract to perform a feasibility study for the Bozshakol copper project. The study will focus on a facility capable of processing 28 million tons of ore per year.

After the feasibility study and economic evaluations have been concluded and approval has been granted, Kazakhmys Corporation plans to kick-off construction sometime during the first quarter of next year. Construction will involve the development of an open pit copper mine, as well as the construction and installation of a crusher and a facility to house a conventional copper concentrator for an estimated total of US$800 million. Once completed and commissioned in 2014, the copper mine is expected to process 28 million tons of ore annually.

The Bozshakol copper deposit is in northeastern Kazakhstan, in the Pavlodar region, near the town of Bozshakol, approximately 100 kilometers south of the Russian border.

In April, Kazakhmys Corporation and Jinchuan Group (Jinchuan, China), the largest nickel producer in Asia, signed a memorandum of understanding to form a joint-venture company to develop the Ayoguz copper deposit. The Ayoguz deposit is near the Aktogay settlement in the Ayoguz province, which is approximately 450 kilometers southeast of the Bozshakol copper deposit.

The Kazakh-Sino joint venture plans to begin development of the Ayoguz copper deposit sometime during the second quarter of 2012. Development will involve the construction of the copper mine, a crusher, and a concentrator that will produce 100,000 tons of copper concentrate per year. Construction is scheduled to conclude toward the end of 2014.

View Plant Profile - 3008464 3008462
View Project Report - 300014300 300014305

Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.