Tau-Ken Samruk National Company attracts strategic investors to the implementation of current projects on extraction and processing of polymetallic ores at Alaigyr deposit and gold exploration at South-Moyinty area in the Karaganda region.
Within the framework of the visit of the President of the Republic of Kazakhstan to the Republic of Turkey, the representatives of Tau-Ken Samruk National Mining Company signed a Memorandum of Understanding with Lidya Madencilik Turkish company.
In June 2017, Tau-Ken Samruk announced the alienation of subsoil use rights for exploration of gold-bearing ore at SMA. Since 2017, geological exploration and field works at SMA have not been conducted.
After placing an announcement about the sale of SMA, it was received the only offer of interest in that asset from Lidya Madencilik. Following the results of the negotiations held between September 2017 and August 2018, the management of Tau-Ken Samruk and Lidya Madencilik agreed the terms of cooperation. The Turkish company has sufficient work experience related to the development of gold deposits in Turkey.
The memorandum was signed: from Kazakhstan side – Kanat Kudaibergen – the Chief Executive Officer of JSC NMC Tau-Ken Samruk, from the Turkish side – Mustafa Aksoy – the CEO of Lidya Madencilik.
FOR REFERENCE:
•The contract for gold exploration at SMA is valid from 2015 to 2021. The area of the geological allotment is 234 km2. Field explorations on the contract territory were carried out in 2015-2016. Forecast gold resources – 8.4 tons.
•Information about Lidya Madencilik: the company was founded in 2006; it is a mining division of Calik Holding Group of Companies, Turkey. Calik Holding also operates in the fields of energy, construction, real estate, textile, finance and telecommunications. It has representative offices in 22 countries, including Central Asia, the Balkans, the Middle East and North Africa. Total assets of Calik Holding at the end of 2017 were estimated at US$10.26 billion. Lidya Madencilik owns 20% share at Çöpler Gold Mine (the second largest gold deposit in Turkey), in addition, the company’s portfolio has several projects at the stage of geological exploration and development of project documentation, including such gold-copper deposits as Gediktepe, Hot Maden Project, a number of deposits in Bursa, Balikesir and Gumushkhane (Turkey).