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Kazakhstan to add on 12 million tons in complex ore deposits by 2019

15 june 2014, 11:29
0

It is expected that state-run geological exploration project will yield 12 million tons of complex ore in Kazakhstan in five years, Tengrinews.kz reports citing Newskaz.ru.

Complex ore is an ore in which the principal valuable components are lead and zinc and the secondary components are copper, gold, silver, cadmium, bismuth, tin, indium, and gallium. In some complex ores, barite, fluorite, and sulfur associated with sulfide ores are of industrial value.

Earlier this week, Bazarbay Nurbayev, Chairman of the Geology and Subsoil Use Committee, spoke at the Astana Mining & Metallurgy Congress about Kazakhstan's geological exploration program for 2015-2019. “Through this program we are expecting an increase in the predicted resources of gold, copper and complex ore,” Nurbayev said. He added that the predicted resources of complex ore are expected to increase by 12 million tons, copper by 4 million tons and gold by 400 thousand tons.

According to Nurbayev, In 2010-2013, gold reserves increment made 314 tons thanks to the privately funded exploration and and by another 11 tons via state funded exploration. Copper mining gain during the three years made 2.3 million tons: 1.7 million tons thanks to privately funded exploration and the remaining 580 thousand tons as a result of state funded works. Lead gain made 740 thousand tons: 481 thousand tons via private exploration and 259 via state-run exploration. Zinc reserves incremented by nearly 1.3 million tons: by 986 thousand tons thanks to privately funded works and by 310 thanks to state-run exploration.  

To give an broader picture of the government efforts to expand its mineral deposits base, Bazarbay Nurbayev said: “In 2000-2013 $43 billion (of budget funds) was invested into the mining industry, $1.2 billion of which was channeled into geological exploration."

Writing by Gyuzel Kamalova, editing by Tatyana Kuzmina 


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