RG Gold, majority owned Kazakh private equity group Verny Capital, has launched a new processing plant at its operations in Kazakhstan that is expected to enable the company to quadruple its gold output to circa-190,000 oz in 2023.
The new carbon in pulp plant, worth more than $420 million, has an annual processing capacity of around 5 Mt/y.
The new processing plant deploys modern equipment from global industry leaders, including Metso Outotec, thyssenkrupp, FLSmidth, Weir Minerals, Roytec and Kemix, RG Gold said.
RG Gold operates the RayGorodok deposit in northern Kazakhstan, one of the country’s largest mines with 5.9 Moz of JORC Code gold reserves. Its output is set to exceed 50,000 oz this year.
Bulat Utemuratov, the key investor in Verny Capital projects, said: “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.”