- Write by:
-
Wednesday, October 7, 2020 - 10:04:52 PM
-
548 Visit
-
Print
Mining News Pro - Kaz Minerals has suspended production at its Bozymchak copper and gold mine in Kyrgyzstan, amid post-election unrest in the Central Asian nation.
Unidentified men destroyed facilities at another gold deposit in the former Soviet republic on Tuesday and local media reported attacks and protests at a few more mines, according to Reuters.
The central election commission of the country has declared the results of the weekend’s parliamentary election invalid after mass protests erupted in the capital Bishkek and other cities demanding the resignation of pro-Russian President Sooronbay Jeenbekov.
Opposition supporters had seized government buildings overnight, freed the ex-president Almazbek Atambayev from jail and demanded a new election. Hundreds of people were hurt and one person died.
Bozymchak commenced production in the second half of 2014. In 2019, Kaz mined 1,081 kt of ore and processed 1 Mt at a copper grade of 0.82%, producing 7.3 kt of copper and 41 koz of gold. The mine is currently operating as an open pit with up to 1 Mt of ore extraction per year.
Bozymchak is expected to have an average annual output of 6 kt of copper cathode and 28 koz of gold bar over the life of the mine.
Kaz Minerals said in an email to MINING.com that it is monitoring the situation.
Kaz’s stock was down 1.4% on the LSE as of 4:05PM BST. The company has a $3.18 billion market capitalization.
Centerra Gold (TSX: CG) confirmed that operations at its Kumtor mine will continue uninterrupted despite the political unrest in the Kyrgyz Republic.
The mine is located in a remote mountainous location about 430 km by road to the southeast of the national capital Bishkek. Kumtor is one of the largest gold mines in Central Asia operated by a Western company, having produced more than 12.6 million ounces of gold between 1997 and the end of 2019.
Short Link:
https://www.miningnews.ir/En/News/605906
Oxford Economics Australia has released data showing mine maintenance spending may be hitting its peak. But what does it ...
South African diversified miner Sibanye Stillwater is discussing with lenders to temporarily lift limits on borrowings, ...
Copper climbed above $10,000 a ton as predictions for tighter global supplies and rising consumption in electric ...
Canada’s mining industry is pushing for an carveout to the federal government’s proposed increase to capital gains ...
Copper output in Chile, the world’s largest producer of the metal, edged down in March, data from copper commission ...
Panama’s president-elect has ruled out talks with Canadian miner First Quantum Minerals until it drops multiple ...
Africa-focused Montage Gold announced Thursday it has received a ministerial order granting all environmental approvals ...
Botswana President Mokgweetsi Masisi vowed to protect the country’s interests, including its 15% stake in diamond giant ...
Europe’s largest copper producer Aurubis AG reported first-half core profit above expectations on Wednesday, helped by ...
No comments have been posted yet ...