Mineral rights and permitting

Mining operations are permitted under the provisions of a ‘Subsoil Usage’ Licence (MG No. 1278 D), which encompasses an allocated area of 1.176 km2. This licence was granted by the Government of the Republic of Kazakhstan in 1998 and allows for a mining extraction rate of 500,000 tpa. It was initially valid for 25 years but on 24 December 2018 it was extended for 25 years until 2043 with a mining rate of up to 1 million tonnes per year.