https://www.miningweekly.com

RG Gold to quadruple output with new $420m processing plant

11th October 2022

By: Creamer Media Reporter

     

Font size: - +

Kazakhstan gold miner RG Gold launched a new $420-million processing plant, which will enable the company to quadruple its output to 190 000 troy ounces in 2023.

The new five-million-ton-a-year plant deploys carbon-in-pulp technology, which uses coal particles during leaching to extract gold from low-grade ore at a low cost. The plant has been designed and constructed in accordance with all international safety and environmental requirements.

RG Gold, majority owned by private equity group Verny Capital, operates RayGorodok deposit in northern Kazakhstan, one of the country’s biggest mines with 5.9-million ounces of gold reserves. Its output is set to exceed 50 000 troy ounces this year.

“The launch of the new processing plant is a key milestone for RG Gold. It is underpinned by the highest global industry standards using the latest innovation and technical expertise from Resource Capital Funds, our strategic partner. The new plant allows us not only to quadruple RG Gold’s overall output, but importantly, it also provides the opportunity to boost investment in the region,” Bulat Utemuratov, a key investor in Verny Capital projects, said.

The company has hired additional staff for the construction and maintenance of the plant, and RG Gold now provides jobs for about 1 200 people.

Martin Valdes, partner at Resource Capital Funds, said: “We invested in RG Gold in 2018. It was the first time that we invested in Kazakhstan as a firm, and from the very beginning of the due diligence process, we were impressed with the quality of the people, the quality of the institutions, and the commitment from everyone to do mining in a very environmentally friendly way and with the best interest of all stakeholders in front of everything else, especially for the local communities. RG Gold’s new production facility was built to leading industry standards which will enable the company to gain access to further growth and expansion.”

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Alcohol Breathalysers
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.044 0.753s - 110pq - 2rq
Subscribe Now