Iranian, Russian Companies Seek Cooperation with Kazakh Gold Affinage Plants

ASTANA – A trial delivery of gold from Iran and Russia has been delivered for refining to Kazakhstan. It is expected to increase supplies if the parties reach an agreement on price.

Tau Ken Altyn, a subsidiary company of the national mining company Tau Ken Samruk, will process four tons of Iranian and Russian gold by the end of this year, said the head of the company Meiramgali Tleuzhanov at a briefing at the Central Communication Service (CCS).

“Earlier, some Iranian companies collaborated with the U.S. companies in terms of gold refinery. Currently, they are working with us. I think our company offers suitable and economically advantageous conditions for them. We signed the contracts for processing two tons and 200 kilograms of gold with the Iranian companies and one ton and 800 kilograms with a Russian company Polymetal,” said Tleuzhanov.

In November 2015, Mazhit Turmagambetov, chairman of the Board of Tau Ken Samruk, announced a trial supply of gold from Russia and Iran in December. He noted that Russian companies come to our gold processing market because the Kazakh refineries “give an adequate price and are willing to work under tolling scheme.

Meanwhile, the technological capabilities of three Kazakh refining plants, including Tau Ken Altyn, Kazzinc and Balkhash mining and metallurgical plant, allow processing of 130 tons of gold.

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