RCC’s investment in Kazakhstan projects amounts to 896 million dollars

23.09.2015 — News

KAZAKHSTAN

Over 11 years of its operation in Kazakhstan, the Russian Copper Company has created about 4,500 new jobs.

Today, the mining and processing works of the Aktyubinsk Copper Company (a subsidiary of RCC) includes two factories having the annual output totaling 5 million tons of copper and copper-zinc ore.

In 2016, the Aktyubinsk Copper Company (ACC) intends to launch a new underground mine at the Vesenne-Aralchinskoye deposit to reach the production output of 500 thousand tons of copper-zinc ore a year; at the beginning of 2017, the company is planning to complete the construction of the open-pit mine at the Kundyzdy deposit. Its annual output will total 2 million tons of copper-zinc ore.

The investment in these two projects will reach 307.4 million dollars. As a result, the total investment made by the RCC Group in Kazakhstan over 2004-2016 will amount to 896 million dollars.

As RusBusinessNews has been informed by the RCC Press Service, the Group is planning to build an underground mine in Kazakhstan, at the Limannoye deposit (2 million tons of copper-zinc ore a year); it is also planning to use underground method for further mining of the reserves at the 50 let Oktyabrya deposit (500 thousand tons of copper ore a year) and at the Priorskoye deposit (1.5 million tons of copper-zinc ore a year).

The ACC processing factories will operate at full capacity in the next 25-30 years, after the new deposits are put into operation.