Largest copper producers in Kazakhstan increase reserves

Aktobe Copper Company and KAZ Minerals have announced the launch of new fields in 2016. This will allow the companies to provide a serious increase in their ore base.

According to the companies’ management, the current copper price prevailing on world markets shouldn’t become an obstacle. Since, according to chairman of KAZ Minerals Oleg Novachuk, "the copper market is a market of the next decades". In addition, he "shares the forecast of copper deficit". As for sale markets, the chairman of the company’s management considers that China is prospective one. 

"The President of China has recently visited Pakistan. It was decided to build a huge rail, road and gas pipeline path across Pakistan to the port on the Persian Gulf. The Chinese Government decided to move 340 million people from south-east to the west of the country with the construction of more than 150 cities with population exceeding 2 million people by 2030. This means the construction of conductive lines, the use of different materials for pipes, air conditioners and others. The increased consumption of copper in China, despite the current price fluctuations, is unprecedented in the medium term,"- he said. At the same time Oleg Novachuk noted that the mountain range runs through the center of China, where there are all copper smelters. "How will the plants deliver their copper across China from the south-east to north-west and the western part? It is expensive, they will have to build new infrastructure, roads, electrically conductive lines".