Middle East > Georgia > Rio Tinto starts exploration of copper-porphyry ores in Kazakhstan

Georgia: Rio Tinto starts exploration of copper-porphyry ores in Kazakhstan

2015/08/18

The UK-based Rio Tinto mining company has started the exploration of copper-porphyry ores in Kazakhstan, Kazgeology Joint Stock Company reported.

"The exploration of porphyry copper ores on the Korgantas area in the Karaganda region is carried out through the investments and new technologies of the Rio Tinto Company. In July of this year, an airborne geophysical survey was conducted there and preliminary results have by presently been obtained. Currently, ground geological surveys are being carried out in the site. According to the results of exploration, we expect the discovery of world-class copper deposit," Galym Nurjanov, the chairman of the Board of Kazgeology said.

In February 2013, Kazgeology and Rio Tinto signed an agreement on the establishment of two joint ventures engaged in the exploration of large deposits in two areas of the Karaganda region – Balkhash Saryshagan and Korgantas.

Again, in February 2015, they created a joint venture for the Korgantas project, in charge of the commencement of field works on the Korgantas area using advanced technologies inclunding the airborne survey in the second quarter of 2015.

The purpose of the Korgantas project is exploration, discovery and evaluation of the economically viable copper and metal deposits sufficient for large scale and long term operation.

Kazakhstan is next only to Russia part CIS nations in the volume of mineral production. The country maintains huge reserves of a wide range of metallic ores, industrial minerals, and its metallurgy sector is a major producer of a large number of metals from both domestic and imported raw materials.

Kazakhstan possesses 18 % of the world reserves of uranium, 10 % of chrome reserves, 9 % of the world's lead, 8 % zinc, 5 % silver, 5 % manganese, and 5 % of copper reserves.

The country has developed a program covering the years 2015-2019 and will focus on researching the underlying subsoil using modern technologies and fulfilling tasks to replenish the resource base on priority types of raw materials, particularly around single-industry cities.

Rio Tinto is a leading world mining group that focuses on discovering, mining, and processing the Earth’s mineral resources.

Florida State University
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