Gold Mining Company Abandons Deposit in Almaty Region
Photo: Elements.envato.com
The company BASS Gold has withdrawn from the project to develop a deposit in the Almaty region and no longer owns Block One Company LLP, which held the subsoil use rights, Orda.kz reports.
This information was published on the website of the Kazakhstan Stock Exchange. It is not specified who now owns the stake or under what terms the transaction took place.
Earlier, BASS Gold, through Block One, had planned to build a processing plant at the Chinasyl-Sai deposit. The plant’s capacity was expected to reach up to 300 thousand tons of ore per year.
In 2023, the company fully acquired Block One and announced the launch of production of lead and zinc concentrate with traces of gold, silver, and cadmium. Before that, the firm was known as Forpost and was owned by entrepreneurs Chingis Sadvakassov and Yerlan Tasbulatov.
Original Author: Ruslan Loginov
Latest news
- Orda.kz Editorial Team to Cease Operations on September 1
- The Price of a Degree: How Students in Kazakhstan Pay for University
- Second Przewalski’s Horse Foal Born as Species Returns to Kazakhstan
- Kazakh Mining Companies Can Recalculate Purchases if Tenge Weakens
- Kazakhstan Names First Vice President in Three Decades
- What Almaty’s Bus Shelters Are Missing
- 400-Truck Queue Builds at Kazakh–Kyrgyz Border
- Kazakhstan Ready to Help Feed and Rebuild Gaza
- Tokayev Establishes New Presidential Security Body
- Almaty Takes Back Its Nearly Century-Old Hippodrome
- No More Guesswork on Savings: Kazakhstan Tightens Energy Audits for Businesses
- Public Money Could Be Used to Rescue Failing Kazakh Banks
- Third Kazakh Woman Reported Missing in Nepal-China Flood Zone
- Falconer Convicted Over 35 Protected Birds, Spared Punishment Under Amnesty
- Kazakh Citizen Detained in Yakutia in Phone Fraud Case
- Yuan Instead of Dollars? KazMunayGas Draws Record Demand in Asia
- China Gains Oil-Market Influence as OPEC+ Weakens
- Kazakhstan to Divide Smartphones Into White, Gray and Black Lists
- Kazakhstan’s Government Formally Resigns as First Kurultai Session Opens
- Rare Lynx Sighting Recorded in Northern Kazakhstan
