en.Wedoany.com Reported - Cove Kaz Capital plans to complete the final feasibility study for the North Kappar and Upper Kairakty tungsten projects in Kazakhstan within 15 to 18 months. Company head Dominic Heaton disclosed this progress at the Astana Mining & Metallurgy conference, as reported by inbusiness.kz media.

In April this year, Cove Kaz Capital acquired a 70% stake in the joint venture "North Kappar," which aims to develop two tungsten deposits in the Karaganda region. At that time, Heaton stated that industrial tungsten mining at these sites would commence within the next five years. The two mines are expected to have annual outputs of 7,000 tonnes for Upper Kairakty and 5,000 tonnes for North Kappar.

The current planning is based on historical study data, and the final feasibility study will precisely calculate the required investment amount.

The company has committed $1.1 billion in foreign financing. According to the investment agreement signed with the Republic's government, these funds will be used to construct two processing plants and one tungsten production facility.

According to the project head, infrastructure will be implemented in phases: first, ore mining and concentrate production will commence, while construction of processing facilities will be initiated simultaneously.

During the initial operational phase, as production gradually ramps up, the company is considering selling some concentrate to third-party buyers. When the mines reach their designed capacity, the metallurgical plant should be operational and subsequently capable of processing all mined raw materials.

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