RG Gold company, the founder of which is the investment group of BulatUtemuratov, expects to get from 3 to 6 tons of gold per year on gold deposits of Akmola oblast.
Severny and YuzhnyiRaigorodok gold deposits, which are located 200 km from Astana, became the property of RG Gold in 2014. The company immediately engaged in global exploration of the mines to establish the estimated life length of a deposit. Exploratory drilling, conducted both deep into the quarry and along the flanks, confirmed the prospects of the deposits and justified the investments of the investor.
Despite the low concentration of precious metal (less than 2 gr. per ton of rock), Severny and YuzhnyiRaigorodok showed high profitability due to high processability of raw materials. According to the management of RG Gold, gold mining in their own mines will be profitable even in the precious metal price drops to $800 per troy ounce. There is no problem with the marketing of precious metals – ready Dore gold is bought by Kazzinc LLP, which carries out the purification of gold and the further sale of ingots.
Thanks to the expansion of production facilities, the gold miner managed to double the amount of extracted gold compared to the previous owner of the deposit – from 500 kg. to 1000 kg. and more. Taking into account the encouraging results of exploration activities carried out by the Australian company AMC, RG Gold plans to build a mining and processing complex. Once put into service, scheduled for 2021, it is projected to increase the amount of mined gold from 3.5 tons per year. Estimated gold reserves at Severny and YuzhnyiRaigorodok deposits are estimated at more than 85 tons.
Currently, the extraction is performed at mines at depths of no more than 100 m. According to forecasts, the raw material at the level of the weathering crust will last until 2020-2021. Heap leaching technology with cyanidation of ore is used for gold extraction. To prevent the dangerous reagent from entering the environment, a closed production cycle is organized.
The new mining and processing complex will increase productivity, as well as solve the problems to ensure extraction and processing of raw materials at great depths. The launch of the complex is planned for 2021. Experts estimate that the company controlled by BulatUtemuratov will invest about $250 million in new production and infrastructure. This project includes the creation of up to 1000 jobs.