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KAZ Minerals Update on Baimskaya Infrastructure

Mining News - Published on Mon, 10 Aug 2020

Image Source: KAZ Minerals Baimskaya Copper Project
KAZ Minerals has provided an update on the provision of infrastructure for the operational phase of the Baimskaya copper project. As set out in the update announced on 5 June 2020, the Russian government and the Group are continuing to work together on the details of the power and transport infrastructure required for the project. A new proposal under consideration is for the construction of a new port and LNG power plant at Cape Nagloynyn in Chaunskaya Bay. The LNG power plant would provide power for the operations phase. The Baimskaya project site would be linked by approximately 400 km of road to the new port which would be used for the shipment of concentrate.

Discussions with the Russian government are ongoing. Further details will be announced as appropriate.

The Baimskaya copper project in Chukotka in Russia is one of the world’s most significant undeveloped copper assets with the potential to become a large scale, low cost, open pit copper mine. The Peschanka deposit within the Baimskaya licence area in Russia has JORC resources of 9.5 Mt of copper at an average grade of 0.43% and 16.5 Moz of gold at an average grade of 0.23 g/t.

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Posted By : Yogender Pancholi on Mon, 10 Aug 2020
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