History

History of JSC «Таu-Кеn Samruk»

• The Company was actively investing funds into its development including geological exploration, design development, construction and production projects. The total amount of invested funds allocated to implementation of various projects amounted almost to KZT 9bln.
• Company acquired following new asset: the Northern Katpar LLP.
• Activity at the refinery facilities and silicon production plant was continued. According to the year results, 10.1 tons of gold, 11.25 thousand tons of technical silicon and 2.2 tons of silver were produced.
• Company continued preproduction mining and capital mining operations under the Shalkiya and Alaigyr projects, Preliminary feasibility study of the mining and processing plant and metallurgical plant construction project was concluded under the Massalsky MPP project.
• Putting the second ore thermal furnace into operation at the silicon production plant and introduction of silver vacuum distillation technology at the Astana refinery were the most significant events.
• Subsoil use right for prospecting for gold at the Southern Moiyntinskiy site in Karaganda region was obtained by the Company.
• As of December 31, 2015, Authorized capital of the Company amounted to KZT 243,901,772,000.

• Remarkable events for Tau-Ken Samruk Group in 2016 were signing of two contracts with the RK Ministry of Investment and Development, one of them – on extraction of barite-polymetallic ores and silver of Tuyuk Deposit in Almaty region, the other is on subsoil use of combined exploration and mining of tungsten-molybdenum ore of Upper Kayrakty in Karaganda region.
• Annual targets of operational activities have been achieved in terms of production of refined gold (12 tons) and metallurgical silicon (19.5 tons).
• In December 2016, the Company acquired a share in Silicon Mining LLP and Investment Fund of Kazakhstan JSC.
• 98.5 thousand tons of copper with an average grade 1.8% that belong to Hajikongan Deposit have been entered into RK State Register of Reserves.
• During the year, Massalsky ore treatment processes have been researched in cooperation with the Research Institute of Mining and Metallurgy (CRIMM, Changsha) to produce CNTIC furnace (China) concentrates.
• As of December 31, 2016, the Company’s Authorized Equity is 252,874,907 thousand tenge, while Shareholders’ Equity is 550,096,363 thousand tenge.

2017

• One of the important events of the year was the updating of the Development Strategy of JSC “NMC” Tau-Ken Samruk “for 2017-2026. The company has significantly revised the mission and vision, strategic goals and objectives. In accordance with the approved Development Strategy, the Company chose the “Industry Catalyst” model and implemented the following Business Model: construction, launch of facilities with subsequent sale, attraction of strategic investors and further reinvestment in the construction of new facilities.
• In 2017, the results of the refining production of Tau-Ken Altyn LLP reached distinctive levels, exceeding the targets for the production of pure gold, the output of which was 18 tons.
• Throughout the year, the Masalskoe project together with CNTIC conducted semi-industrial tests, which resulted in the development of technological regulations. Masalsky MPP LLP received a positive opinion from the State Expertise Enterprise on the developed feasibility study, which includes: master plan, protection zones, infrastructure solutions, external electricity and water supply, road and railways, obtaining approvals for water use, geodetic work, soil research.
• On June 12, a loan agreement with the EBRD was signed to provide a syndicated loan to JSC ShalkiyaZinc LTD for USD 350 million.
• In 2017, by decision of the Investment Committee of Samruk-Kazyna JSC, an investment memorandum on the joint development of tungsten deposits of North Katpar and Upper Kayraktinskoye was reviewed and approved.

2018

• On September 4, 2018, Company’s Development Strategy for 2018-2028 was approved, where a new mission, vision and strategic goals were defined.
• In 2018, verification drilling confirmed reserves of tungsten and molybdenum at the North Katpar field in the Karaganda region.
• As part of the work on attracting a potential strategic partner, on November 22 in Beijing (PRC) an Agreement was concluded on the basic terms of the transaction (Term Sheet) between the Company and Xiamen Tungsten Co., Ltd.
• In 2018, Tau-Ken Altyn refining plant exceeded the initial targets for the production and sale of finished products.The volume of fine gold production in the reporting period amounted to 22.7 tons, an increase of 14%
• In 2018, «Tau-Ken Samruk» NMC» JSC initiated the creation of Association of Gold Mining Enterprises. The main objective of the association is to address the problematic issues of the domestic gold-metal industry, by consolidating the efforts of a wide range of enterprises in cooperation with government agencies and industry associations.
• At the end of 2018, National Mining Company was among the leaders of Kazakhstan market in terms of the level and quality of information disclosure. The resultsof Transparency Rating of the largest domestic companies have confirmed that «Tau-Кen Samruk» adheres to the world’s best practices in corporate governance.
• «Tau-Ken Samruk» NMC» JSC and Kazakhmys Corporation LLP entered into an agreement on cooperation in the issues of subsoil use in the territory of the Spassk copper ore zone.
• On November 15, 2018, a contract of sale and purchase of a 100% interest in «Tau-Ken Samruk» NMC» JSC in the authorized capital of LLP «Таu-Кеn Progress» in favor of a Kazakhstan company was signed.
• In 2018, sewage treatment facilities for household wastewater of the mining and processing complex were put into operation at the field of JSC «ShalkiyaZink Ltd».
• The subsidiaries of the Company, namely «Alaigyr JV» LLP , «Tau-Ken Altyn» LLP, LLP «Tau-Ken Temir», «Silikon Mining» LLP, «Northern Katpar» LLP created Supervisory boards.
• The personnel policy of «Tau-Ken Samruk» NMC» JSC was approved.

2019

• 2 May 2019, an acceptance certificate for the sale of a 100% interest in Tau-Ken Progress LLP between Tau-Ken Samruk NMC JSC and ASIA GROUPKZ LLP was signed
• 31 May 2019, a purchase and sale agreement for 100% participation in SARECO LLP was signed
• 17 September 2019, an agreement on the sale of subsoil use rights under Contract for the exploration of copper, gold and associated components for the Spassky copper mineralization zone in the Karaganda region was signed
• 19 September 2019, Tau-Ken Altyn LLP receives the Good Delivery certificate
• 18 November  2019, Agreement with Fortescue Company on joint implementation of geological projects was signed
• Tau-Ken Altyn LLP reached its designed capacity and produced 29,2 tons of refined gold by the end of the year.
• A program to support junior companies carrying out geological survey activity was launched

2020

• Tau-Ken Samruk moved to direct ownership of interests in Kazzink JSC
• Obtaining a license for the purpose of work with SH Minerals.
• Signing the Operatorship Agreement with Kazakhstan Fortescue LLP. Obtaining 48 licenses for exploration.
• Signing the Terms Sheet with Scandivanadium. Obtaining 4 licenses for exploration.
• Obtaining licenses for independent implementation of geological exploration projects in the Aktobe region.
• Updating Development Strategy.
• Conclusion of the Purchase and Sales Agreement for the Shokpar-Gagarinskoye deposit. The transaction is completed.
• 100% payment under the Purchase and Sales Agreement for Progress deposit. Conclusion of the ЕРС contract on the Alaigyr deposit.
• Production of 33.5 tons of gold by Tau-Ken Altyn.
• Completion of the design of the P stage of the Factory, Mine, Surface facilities of the Shalkiya deposit.
• Completion of reserves / resources assessment under the JORC standards for the Shalkiya and Alaigyr deposits.

2021

• January
  ShalkiyaZinc – Completed assessment of mineral resources and reserves according to JORC standards
  Alaigyr – Concluded feasibility study development agreement 
• February
  ShalkiyaZinc -Obtained positive conclusion of the State Expertise of the “P” stage on the Processing Plant
• March
  Alaigyr –  Completed construction and assembly works of the flotation concentrate warehouse with a railway dead end
• April
  Tau-Ken Temir – Considered  issue of restarting the plant
• Маy
  Discovery Ventures и SH Minerals Obtained interim approvals for the creation of the joint venture to implement exploration projects
• June
  ShalkiyaZinc – Approval by the EBRD Board of Directors of the restructuring of the loan
  Fortescue – Launcged drilling operations at the Zhezdy area in Karaganda region
• July
  ShalkiyaZinc – Signing the agreement with the Chinese consortium JCI/CEKC for Mining operations
•  August
  Fortescue – Started drilling operations on Valerianov site in Aktobe and Kyzylorda regions
• November
  ShalkiyaZinc – Started work on the sinking of mining and capital workings by a mining contractor
• December
  Alaigyr – Delivery of a part of the equipment under the EPC contract for the crushing, flotation, dewatering, laboratory sections.

2022

• January
  Fortescue – Transaction agreements (operatorship agreement, SPA,JVA) signed
  Alaigyr – Part of the equipment was delivered under the EPC contract for crushing, flotation, dewatering, and laboratory.
• February
  Discovery Ventures Kazakhstan – Two JVs were established at AIFC platform: Rudny Resources Ltd and Chu-IIi Resources Ltd
• March
  TTau-Ken Temir and Silicon Mining – Work resumed on privatisation of Tau-Ken Temir LLP and Silicon Mining LLP
• April
  Alaigyr – Positive conclusion of the state expert review of the P-stage design and construction programme of the plant was obtained
• May
  Esan Eczacıbaşı Endüstriyel Hammaddeler San. ve Tic. A.Ş. – A joint venture agreement was signed between TKS (Tau-Ken Samruk) and Esan.
  Upper Kayrakty – Development of Feasibility study under JORC code started
• June
  Lidya Madencilik San. ve Tic. A.S. – Binding Terms Agreement signed.
• July
  Shalkiyatsink – Work was carried out to reduce the cost of the contract with FL Smidth
• August
  Esan Eczacıbaşı Endüstriyel Hammaddeler San. ve Tic. A.Ş – South Ural Resources JV established under the joint venture agreement between TKS and Esan
• September
  North Katpar – Development of Feasibility study under JORC code started
• December
  Tau-Ken Altyn – Production plan for refined gold and silver exceeded
  Tau-Ken Altyn – All stages of R&D on the development of refining waste processing technology were completed