22:41, 19 February 2014 | GMT +5
«Kazakhmys» attracts Chinese NFC to build Mining Plant on Boschekul deposit
BEIJING. KAZINFORM - Kazakhstan Mining and Metallurgical Corporation «Kazakhmys» has attracted Chinese company Non Ferrous China (NFC) as a contractor for the construction of mining and processing plant on «Boschekul» field.

Such an agreement was reached today in Beijing during the meeting of the general managing director of «Kazakhmys» Oleg Novachuk and the president of Non Ferrous China Luo Tao. The parties signed a memorandum of cooperation and an agreement on the construction of the concentrating plant on the territory of Boschekul deposit. According to Novachuk, the plant's capacity will reach 30 million tons of ore per year. According to him, this project will create jobs for 1.5 thousand people. Lifecycle of Bozshakol deposit is 40 years. The project cost equals to USD 2.12 billion. This loan was obtained from the China Development Bank in 2009, the completion of the plant's construction is planned for 2015.