Investment Projects

Development of Nurbay, Besshocky and Sarybulak copper ore deposits

  • Indicator Results
  • Investment amount, thousand US dollars 43 845
  • NPV of the Project thousand, US dollars 54 884
  • IRR, % 40,1%
  • EBITDA yield, % 51%
  • Payback period, years 4,5
  • Discounted payback period, years - - 5,2

Project Description:

Construction of industrial complex for copper ore extraction at the Nurbay, Basskocky and Sarybulak deposits in East Kazakhstan oblast and copper cathode production in the amount of 12,500 tonnes per year


Copper cathode


Processing of 1 million tons of copper oxide ore per year. Further expansion is possible for the processing of sulphide ores.

Production volumes:

Expected production of 12,500 tons of cathode copper per year.

Potential markets:

non-ferrous metal processing plants in CIS, China and Europe.

Market conditions:

Availability of raw materials and subsoil use rights. The forecasted reserves of the complex of Nurbay-Basskocky-Sarybulak deposits amount to over 280 thous. tonnes of copper.

High demand. It is expected that the steady growth in demand for refined copper will continue in subsequent years, since copper is the most important resource and factor of production in a modern technological society. Annual growth in demand for refined copper is projected at 2% in 2019 and 1.5% in 2020.

Price stabilization. According to analysts at Bloomberg, a moderate increase in refined copper prices is expected in the medium term, with subsequent stabilization of the price level: 2019 - $6,038.5; 2021 - $6,011; 2023 - $6,087 per tonne.

Export potential. The shortage of this product indicates the potential for import substitution. Also RK has an opportunity to increase exports to the PRC and other countries.

Deposit reserves

Unit meas. 

(Presumably according to intelligence data from 1962)
Copper (С2) 
‘000 tonnes 
Incl. oxidized
‘000 tonnes

(According to the evaluation work) 
Copper (Р1) (oxidized)
‘000 tonnes

(According to intelligence)
‘000 tonnes
Incl. С2 (oxidized)
‘000 tonnes
Incl. Р1 (oxidized)
‘000 tonnes

The Basshoki deposit also has predicted gold reserves of 20 tons.

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