Rio Tinto and Kazgeologiya invest $6 million in exploration of porphyry copper deposit in Kazakhstan

Almaty. March 19. Silkroadnews - $6 million is invested for the exploration for porphyry copper ores in the area of Korgantas in the Karaganda region of Kazakhstan, reports KazTAG citing a joint public statement of "Kazgeologiya" and Rio Tinto.
"The aim of the project is exploration, identification and assessment within the site Korgantas with economically viable deposits of copper and metals, sufficient for large-scale and long-term activities of the joint venture. The amount of investment in the exploratory stage of the order is $ 6 million", - said in a statement released at the VI mining forum "MINEX Central Asia-2015" in Astana on Thursday.
It is noted that in February 2015 completed the transaction between JSC "Kazgeologiya" and Rio Tinto in relation to subsoil use rights and the joint venture project "Korgantas".  Now "Korgantas" LLP who has the right of subsoil exploration for porphyry copper ores in the area Korgantas in the Karaganda region belongs to a joint venture owned by JSC "Kazgeologiya" and Rio Tinto.
"In the II quarter of this year begins field work in the area of Korgantas with the latest technology, in particular the conduct of airborne geophysical studies", - added "Kazgeologiya".
Rio Tinto Group - Australian-British group, the second largest in the world of transnational mining and metallurgical company. Consists of two operating companies - Rio Tinto Limited and Rio Tinto Plc. Management of the group is from Melbourne and London. The company is engaged in the exploration, production and sale of iron ore, bauxite, alumina, copper, molybdenum, gold, diamonds, coal, uranium, titanium and others.