OREANDA-NEWS. August 30, 2011. Kazakhmys PLC ("Kazakhmys" or the "Group") announces that the Board has approved the development of the major copper growth project at Bozshakol, following the successful completion of its feasibility study, reported the press-centre of KASE.

Bozshakol, located in northern Kazakhstan, is a green-field development project, close to existing power, transportation and other infrastructure.

The deposit has a Mineral Resource of 1,173 million tonnes at an average copper grade of 0.35%, including 832 million tonnes of Measured and Indicated Resource with an average copper grade of 0.37%.

The ore body contains valuable by-products of gold and molybdenum.