24th Sep 2014 06:25
LONDON (Alliance News) - Metals miner Kazakhmys PLC Wednesday said it has awarded the contract to build a sulphide concentrator at Aktogay, the company's second major copper growth project, to Non Ferrous China, allowing it to firm up the expected total capital cost of the project.
The sulphide concentrator contract is the largest item in the capital expenditure budget for Aktogay, and Kazakhmys said that it is now able to confirm that the total capital cost for the project is expected to be in the region of USD2.3 billion.
Kazakhmys is hoping to produce the first copper from sulphide at Aktogay in 2017.
The company's other major green-field development project is Bozshakol. It is hoping to process the first ore at this site in 2015.
By Steve McGrath; [email protected]; @stevemcgrath1
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