Kyzyl gold mine expansion

8/9/2018
Project development, Project finance

Announced

8/9/2018


Overview:

  • Kyzyl gold mine expansion. 
  • The project comprises of two gold deposits, Bakyrchik and Bolshevik, in north-eastern Kazakhstan, which are approximately 750km east of the capital city of Astana.
  • In May 2016, Polymetal started construction of the open-pit mine, along with the creation of a processing plant and other infrastructure facilities.
  • The project is expected to produce up to 1.8Mtpa of ore from open-pit mining during the first ten years of its estimated 22-year mine life.

Jurisdiction:

Kazakhstan

Deal types:

Project development
Project finance

Practice area:

Project development

Industry sectors:

Mining
Natural resources


Firm:

Party: European Bank for Reconstruction and Development (EBRD) (Lender)

Lawyer: Aset Shyngyssov