In March 2019, Altyn PLC says its major shareholder, African Resources Ltd, committed to providing a $1.1 million unsecured loan towards the acquisition of underground equipment with the intention to further boost production at its Sekisovskoye gold mine in East Kazakhstan. As a result, the company went on to purchase new machinery including a Caterpillar R1300G LHD bucket capacity of 3.1 cubic metres from CAT Kazakhstan; and a TN-430 underground mining truck with a capacity of 30 t from Sandvik Kazakhstan.
The equipment complements the existing fleet of underground equipment which consists of two TN-430 underground trucks and one Sandvik TN-320 underground truck along with two Caterpillar R1300G LHDs. The new equipment will be under warranty and serviced by the official dealers of CAT and Sandvik during the entire period of operation. The additional equipment will allow the company to increase production to its planned targets.
The Sekisovskoye mine was predominately an open pit operation with a conventional carbon-in leach (CIL) gold recovery plant that has a processing capacity of 0.85 Mt/y. However, in 2016, the open pit ceased to supply ore and all production is now sourced from the Sekisovskoye underground mine. Life of mine gold production is expected to be 1.89 Moz with total associated silver production of 2.72 Moz. On an average annualised basis the gold production is anticipated to be 100,000 oz after 2019.