View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Market Data
November 8, 2011

Kazakhstan to start gold refinery construction in 2012

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

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.

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.

 

 

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The mining industry's most comprehensive news and information delivered every month. The mining industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Mining Technology