Источник: Kazakh Invest
- Indicator Results
- Investment amount, thousand US dollars 69 295
- NPV of the Project thousand, US dollars 114 458
- IRR, % 31,2%
- IBITDA yield, %
- Payback period, years 5,95
- Discounted payback period, years - -
Products
Annual capacity:
- 84 thousand ounces of gold in doré bars;
- 2 million tons of gold ore;
Project
The project provides for the construction of a gold recovery plant (GIF) on the basis of one of the largest deposits of gold-bearing ores in the Republic of Kazakhstan “Atygai” for the production of gold in doré bullion. When developing the deposit, it is planned to use an open method for extracting gold ore, which is then subject to the process of gravity enrichment.
Company
The initiator is Atygay Gold Mining LLP, whose main activity is geological exploration and surveys. The initiator has a license No. 29-ML dated September 2, 2021 for the extraction of solid minerals at the Atygay deposit (Northern block until 2046).
Market
- Gold doré production in Kazakhstan increased from 16.9 tons in 2013 to 35.2 tons in 2021, reaching a CAGR of 10%.
- The volume of net purchases of gold by the National Bank of the Republic of Kazakhstan increased from 36 tons in 2016 to 60 tons in 2020, demonstrating a CAGR of 14% in the specified period. Gold reserves in the National Bank of the Republic of Kazakhstan increased from 300 tons in 2017 to 402 tons in 2021 with a compound annual growth rate of 8%/
- Continuous growth in gold doré production in Kazakhstan coincided with commissioning in 2013 and a gradual increase in production to design capacity (25 tons) in 2019-2020. plant for the production of refining gold “Tau-Ken Altyn” in the capital of the Republic of Kazakhstan, the productivity of which can increase up to 70 tons per year.
What is the attraction of the project?
- Availability of subsoil use rights for production. The initiator is a subsoil user with a license for the extraction of solid minerals (gold) at the Atygay deposit (Northern area until 2046) No. 29-ML dated September 2, 2021.
- Estimation of deposit reserves. An estimate of the reserves of the deposit according to the Kazakhstani standard KAZRC was received from the Committee of Geology. The field has 16 tons of approved reserves in C1+C2 categories. The total resources/reserves according to the author’s calculation exceed 100 tons.
- Homogeneous ore. Poor sulfide ores of the Atygai deposit are monometallic with the only useful component in the form of gold, which is in a free state. This circumstance makes it possible to reach 89% of the extraction of the precious metal.
Investment proposal
For the implementation of the Project, financing in the amount of 69,295 thousand US dollars is required:
- 70% (USD 48,506 thousand) – debt financing (subject to collateral);
- from 30% (USD 20,789 thousand) – investor participation.
The proposed financing structure and state support measures are indicative, the final financing structure and the stake in the Project will be determined based on the results of joint negotiations with the investor.
Source: Kazakh Invest
- Indicator Results
- Investment amount, thousand US dollars 100 000
- NPV of the Project thousand, US dollars 337 000
- IRR, % 45%
- IBITDA yield, %
- Payback period, years 3
- Discounted payback period, years - -
Project
Extraction of explored gold ores at the Kogadyr-6 deposit and construction of a gold recovery plant. The total reserves are 58 tons of gold resources (JORC), of which 10.9 tons are in the “indicative” category and 28.6 tons are in the “inferred” category. The average gold content is 1.2 grams per ton.
Company
Central Asia Gold Group is engaged in exploration and mining of gold ores at the Kogadyr deposit with a total area of 33 sq. km (includes 11 objects).
Market
Kazakhstan’s gold market is estimated at $5.5 billion in 2020. Gold consumption in Kazakhstan is mainly generated by processing gold at three refineries: Kazzinc, Kazakhmys and Tay-Ken Altyn. Currently, all refined gold produced is used to replenish the country’s gold and foreign exchange reserves.
What is the attraction of the project?
Products in the form of finished doré are sold directly to the state-affiliated Tay-Ken Altyn refinery, which provides the investor with an off-take (the purchase price corresponds to the price level of the London Bullion Market Association). The ultimate buyer of refined gold is the National Bank of the Republic of Kazakhstan. Revenue is paid in US dollars and the majority of operating expenses are in Kazakhstani tenge.
Investment proposal
It is proposed to sell a stake in the company for $100 million for a mining and processing plant. The initiator is ready to sell a controlling stake in the company at an estimated cost of $120 million.
Project
Extraction of explored gold ores at the Kogadyr-6 deposit and construction of a gold recovery plant. The total reserves are 58 tons of gold resources (JORC), of which 10.9 tons are in the “indicative” category and 28.6 tons are in the “inferred” category. The average gold content is 1.2 grams per ton.
Company
Central Asia Gold Group is engaged in exploration and mining of gold ores at the Kogadyr deposit with a total area of 33 sq. km (includes 11 objects).
Market
Kazakhstan’s gold market is estimated at $5.5 billion in 2020. Gold consumption in Kazakhstan is mainly generated by processing gold at three refineries: Kazzinc, Kazakhmys and Tay-Ken Altyn. Currently, all refined gold produced is used to replenish the country’s gold and foreign exchange reserves.
What is the attraction of the project?
Products in the form of finished doré are sold directly to the state-affiliated Tay-Ken Altyn refinery, which provides the investor with an off-take (the purchase price corresponds to the price level of the London Bullion Market Association). The ultimate buyer of refined gold is the National Bank of the Republic of Kazakhstan. Revenue is paid in US dollars and the majority of operating expenses are in Kazakhstani tenge.
Investment proposal
It is proposed to sell a stake in the company for $100 million for a mining and processing plant. The initiator is ready to sell a controlling stake in the company at an estimated cost of $120 million.
Source: Kazakh Invest
- Indicator Results
- Investment amount, thousand US dollars 322 000
- NPV of the Project thousand, US dollars 260 000
- IRR, % 50,3%
- IBITDA yield, %
- Payback period, years 3,3
- Discounted payback period, years - -
Project
According to the State Reserves Committee of the Republic of Kazakhstan, gold reserves are 48 tons in the indicated category (С1-С2), the average gold grade is 5.8 g/t. Preparing a report on reserves in accordance with the JORC Code is being finalized. The project involves the extraction of gold-bearing ores by an open method (oxidized ores) with further extraction of gold by heap leaching and underground mining (sulphide ores), with further extraction of gold by flotation.
Company
KAML Kazakhstan Holding LLP is the founder of Tokhtar Mining Company LLP, which has the right to subsoil use the Tokhtarovskoye fields, as well as Integrated Geological and Ecological Expedition LLP, which has the right to subsoil use the South-Tokhtarovsko-Barambaev gold ore area (“STB”), including the South-Tokhtarovskoye field”.
Market
Kazakhstan’s gold market is estimated at $5.5 billion in 2020. Gold is very profitable because it is in demand today, when the economy is very unstable, and the threat of a pandemic hangs over countries. Gold consumption in Kazakhstan is mainly generated by processing gold at three refineries: Kazzinc, Kazakhmys and Tau-Ken Altyn. Currently, all refined gold produced is used to replenish the country’s gold and foreign exchange reserves. According to experts, by the end of 2020, processing volumes in Kazakhstan will reach 80-90 tons.
What is the attraction of the project?
Demand is fully guaranteed, cathode gold will be sold directly to refineries, which provides the investor with an off-take (the purchase price corresponds to the price level of the London Bullion Market Association). The ultimate buyer of refined gold is the National Bank of the Republic of Kazakhstan. Revenue is paid in US dollars and the majority of operating expenses are in Kazakhstani tenge.
Investment proposal
It is proposed to sell the enterprises that own the Tokhtar, South Tokhtar and STB fields for $190 million.
Source: Kazakh Invest
- Indicator Results
- Investment amount, thousand US dollars 70 800
- NPV of the Project thousand, US dollars 39 479
- IRR, % 25,1%
- IBITDA yield, % 30%
- Payback period, years 8,5
- Discounted payback period, years - - 10,2
Project Description:
The project provides for the exploration, production and processing of gold-bearing ores of the Tobolsk area of deposits (the “Project”).
Project Goals:
- increase in capacities for extraction/processing of oxide ores;
- detailed geological exploration of sulfide ores with commercial reserves;
- increase in capacities for the extraction and processing of oxide ores.
- Construction of a plant for the processing of sulfide ores Marketable products: Dore alloy
Initiator:
LLP “Brendt” is mining oxide ores with finishing to the “Dore” alloy. Processing of ores is carried out in an open way. The current mining/processing capacity is 800 thousand tons of ore per year.
Planned capacity: Annual volume of extraction and processing of sulfide ores at the level of 1.8 million tons of ore.
Sales market: Kazakhstan
Market preconditions:
Consistently high demand – Gold consumption in the world is at a consistently high level. It is used in technology in the form of alloys with other metals, in the aviation and space industries, radio equipment, electronics, and medicine. A significant part of the gold goes to the manufacture of jewelry. It also plays the role of the main currency metal.
Availability of a client base – In Kazakhstan, gold consumption is mainly formed for the purpose of replenishing the country’s foreign exchange reserves as a result of processing by three refineries: Kazzinc in Ust-Kamenogorsk, Kazakhmys in Balkhash and TauKen-Altyn in Nur-Sultan . According to experts, by 2020 refining will reach 80-90 tons per year.
Reserves and resources of the Tobolsk area, JORC calculation