Kazakhstan is planning to start construction of the third gold refinery in 2012, in order to process the precious metals in the county.

The refinery will be operated by state miner Tau-Ken and will require an investment of $30m for the construction, reports Reuters.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Tau-Ken Samruk will plan the investment programme to build the refinery and supply all of the necessary raw materials.

According to Kazakhstan’s Industry Ministry, the refinery will have a production capacity of 25tpa of bullion.

The country produced 27.5t of gold in the first nine months of 2011 and is planning to increase its annual gold output to 70t or more by 2015.

 

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

 

Mining Technology Excellence Awards - Nominations Closed

Nominations are now closed for the Mining Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact

Excellence in Action
Dual-award winner in the 2025 Mining Technology Excellence Awards, Propeller is redefining geospatial intelligence and safety in mining. Explore how its AeroPoints and DirtMate solutions deliver survey-grade mapping, live haul metrics, and safer, more efficient operations across mines and quarries worldwide.

Discover the Impact