Products
The start-up of the processing plant production is scheduled for 2023. The average production volumes are planned to be as follows:
- lead concentrate from oxidized ores - 23,404 tons per year;
- lead concentrate from sulfide ores - 47,020 tons per year
The project provides for the construction of a mining and processing plant at the Alashpay polymetallic ore deposit for the production of lead concentrate. The company intends to send up to 100% of its products for export, mainly to China, Russia and Uzbekistan.
Company
The initiator is Saryarka Polymetals LLP, whose main activity is geological exploration and surveys. The company's team participated in the construction of the mining and processing complex of Altai Polymetals LLP and in the development of lead-zinc ores at the Akzhal deposit. The company has a license for the extraction of solid minerals No. 37 dated March 17.
Market
- According to the International Trade Center, global imports of lead ores and concentrates in 2021 amounted to $6.9 billion, up 23% compared to 2020.
- According to the International Trade Center, global imports of zinc ores and concentrates in 2021 amounted to $14.3 billion, up 54% compared to 2020.
- The dynamics of production of lead-zinc ores in Kazakhstan showed stable growth and reached 8,290 thousand tons in 2021. The leading producer of zinc and lead in Kazakhstan is Kazzinc, which produces up to 150 thousand tons of lead (C1-C grade) and over 300 thousand tons of zinc (TsV, TsV0, Ts0A grades).
- Availability of own raw material base. The company received permission for a license for the extraction of solid minerals No. 37 dated March 17, 2022. Approved in the State Reserves Committee of the Republic of Kazakhstan (2022), oxidized ore reserves of category C1 - 4.1 million tons., C2 - 1.419 million tons. Approved by the Central Committee of the Republic of Kazakhstan (1991-1995) reserves of sulphide ore of category C2 - 2.79 million tons, P1 - 1.31 million tons, P1 - 5.33 million tons. In the long term, this will reduce the cost of production, ensuring the proper quality of products at a competitive price.
- Contractual elaboration of the Project. To sell the products, the Initiator plans to cooperate with the leading metal trading brokers Stardust Investment Trading LP and Trafigura PTE Ltd, with which preliminary negotiations have been held.
To implement the Project, funding in the amount of USD 17,000 thousand is required:
- 70% (USD 11,900 thousand) - debt financing (subject to collateral);
- 30% (USD 5,100 thousand) - investor participation.
