Aktogay GOK to produce the first shipment of cathode copper before the end of the year

Aktogay mine is a project of KAZMinerals Groups, a large open-pit mine, located in the East Kazakhstan region, near the village of the same name in the Ayagoz district. It is among the largest undeveloped copper deposits in the world. The project is financed through the credit line of the State Development Bank of China ($1.5 billion) and the company's own funds. In the first six months of 2015, the capital costs for the construction of Aktogay GOK made up $286 million. It is expected that the total amount of the capital costs will reach $600 million this year. 

According to experts of KAZMinerals Groups’ Department of Corporate Relations in Kazakhstan, the life of the mine will exceed 50 years. The mineral resources of the deposit make up 1.7 billion tons at an average copper content of 0.33%. The total amount of copper in the ore is 5.8 million tons. As by-products in the processing of sulphide ore molybdenum concentrate will be produced. The launch of Aktogay and Bozshakol in the next few years will allow the company to increase its production of copper cathodes by more than 50%.