top of page
Copper porphyry deposit in Aitekebi district
Industry:
Mining
Stage:
Greenfield
Location:
Aktobe region
TBD
US$ million
Investments needed
sq. km
The field area
120
7.3
million tons
Expected reserves
License for exploration due
2025
Key Highlights
1
The Project assumes development, geological exploration, and production of copper and associated components in copper-porphyry ores
2
Refined copper output is expected to increase by 4.3% year on year to 24.7 million tonnes in 2021 after decreasing by 2.1% to 23.6 million tonnes in 2020, primarily as a result of disruptions caused by the coronavirus pandemic. However, despite the consequences of the COVID-19 pandemic, copper quotes, according to the forecasts of Goldman Sachs’ analysts, will rise up to 33%, reaching $12,250, during the 1-year period (2021 vs. 2022)
3
China is the main importer of copper, which imports on the world market 40% of copper. Copper consumption in China in the period up to 2025 is expected to grow at the level of 2.5-4% per year
bottom of page