Russia and Kazakhstan to sign agreement on RCC Vesenne-Aralchinskoye deposit in July

1 July 2014 (09:27)

July 1, 2014. The Kazakh Government approved of the signature of an intergovernmental agreement between the Russian and the Kazakh Governments that would regulate the way the two parties could cooperate when developing an ore deposit located on the two countries’ state frontier, Vesenne-Aralchinskoye deposit (Government Provision 646 dated June 13, 2014), Russian Copper Company’s PR Department reports.

Russian Copper Group’s member enterprises – Ormet (Orenburg Region, Russia) and Aktyubinsk Copper Company (Aktyubinsk Region, Kazakhstan) – have the right to use the resources of the deposit. Russian Copper Company also holds a license allowing it to extract ore both on the Russian and the Kazakh side of Vesenne-Aralchinsky deposit. Ore from the Kazakh section of the deposit (Aralchinsky Sector) will be processed by Aktyubinsk Copper Company, and ore from the Russian section (Vesenniy Sector) will be processed by Ormet.

The drilling operations will touch upon the border territories, which is why it is necessary to obtain permissions from both Russia and Kazakhstan. The need to get such permissions on a regular basis will be lifted by the signature of the said intergovernmental agreement.

Russian Copper Company is positive that the integration processes that are currently taking place in Eurasia will help solve one of the most pressing problems of doing business in Kazakhstan – that of cadre shortage.

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