Aktogay expansion project, Kazakhstan
Name of Project
Aktogay copper expansion project.
Location
The project is located in the East region of Kazakhstan.
Client
KAZ Minerals.
Project Description
Following the achievement of commercial production at the Aktogay sulphide concentrator in October 2017, KAZ Minerals has approved the construction of a second concentrator, which will double the current sulphide ore processing capacity from 25-million tonnes to 50-million tonnes a year.
Copper production from sulphide ore at Aktogay will increase by 80 000 t to an average of about 170 000 t/y from 2022 to 2027, supported by higher copper grades.
Over the remaining life-of-mine, when copper grades will be in line with the average resource grade of 0.34%, the Aktogay expansion will add 60 000 t/y, increasing production to an estimated 130 000 t/y. Higher processing volumes will result in the life of the sulphide orebody decreasing from more than 50 years to about 28 years.
Copper cathode production from oxide ore at Aktogay will be unchanged at the current level of about 20 000 t/y for the remaining eight-year life of the oxide deposit.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Value
$1.2-billion.
Duration
Output from the new concentrator is expected to start in the second half of 2021, with the facility ramping up during 2022.
Latest Developments
None stated.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
KAZ Minerals, tel +44 207 901 7800 or email info@kazminerals.com.
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