The new plant will have a processing capacity of approximately 5 million tonnes of gold-containing ore per year.
SEATTLE (Scrap Monster): Top Kazakhstan gold producer, RG Gold announced launch of its new $420 million gold processing plant. The additional capacity is expected to augment its total output by almost four times to approximately 190,000 troy ounces by next year, apart from boosting investment in the region.
The new plant will have a processing capacity of approximately 5 million tonnes of gold-containing ore per year. It employs state-of-the-art carbon in pulp (CIP) technology, which makes use of coal particles during leaching process. This will result in low-cost extraction of gold from low-grade ore. The plant is being built in accordance with international safety and environmental standards.
RG Gold is majority owned by Kazakh private equity group, Verny Capital. Also, U.S.-based Resource Capital Funds holds 35% stake in the gold producer. It operates the Raygorodok deposit in the gold province of northern Kazakhstan, which holds 5.9 million ounces of gold reserves.
The launch of the new plant marks an important milestone for the gold miner. The company has already hired additional staff for the construction and maintenance of the plant, which is expected to deliver significant socio-economic benefits to local communities and stakeholders.
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