Aluminium of Kazakhstan JSC, owned by Eurasian Resources Group (ERG), a leading diversified natural resources group, recently announced that it has opened two new mines in the Krasno-Oktyabrskoye Mining Unit in Kazakhstan. Investments have totalled $21.5 million.
The launch of Mine No. 9 at the Ayatsky site and Mine No. 17 at the Krasnogorsky site, both in the Kostanay Region, will provide sustainability to a timely supply of raw materials to the Pavlodar Aluminium Smelter, which also forms part of the Group’s aluminium division.
The construction of both the facilities took two years and production has begun at both sites. When operational Mine No.17 and Mine No.9 are expected to produce up to 1 Mt/y and 300,000 t/y of bauxite respectively. At present, ERG is also building Mine No. 4 at its Vostochno-Ayatsky site. Mine construction began in 2017 and is scheduled to finish in 2020.