Kazakhmys to develop 'major' copper project in north Kazakhstan
LONDON. August 25. KAZINFORM Kazakhstan-based miner, Kazakhmys, said Thursday its board had approved the development of a major copper growth project at Bozshakol in northern Kazakhstan, after completion of a feasibility study.
According to Platts, in it's first half 2011 results statement the miner said the deposit had a mineral resource of 1,173 million mt at an average copper grade of 0.35%, including 832 million mt of measured and indicated resource with an average copper grade of 0.37%.
The ore body also contains valuable by-products of gold and molybdenum.
Bozshakol is a green-field development project, close to existing power, transportation and other infrastructure.
Details also at http://www.platts.com:80/RSSFeedDetailedNews/RSSFeed/Metals/8274214