OREANDA-NEWS. November 22, 2010. Kazakhmys PLC announces that a draft feasibility study for the Bozshakol project has been completed by the study contractor Aker Solutions. Following on from the results of the study, further drilling work is being carried out. This will provide additional data, particularly on the gold resource, and assist in the development of the mine plan. The drilling will be completed in the first half of 2011 and a revised feasibility study is scheduled to be issued in Q4 2011.

Basic engineering for the Bozshakol project, also carried out by Aker Solutions, has commenced and should be completed during 2011. Several larger items with long delivery times, notably the mills and drive systems for the cominution circuit, have been ordered and approximately USD 90 million has already been committed.

Based on this timetable, first ore will be produced by the end of 2015.