26 Oct 2017 12:59

Kazakhstan's Tau-Ken Altyn to sell 20 tonnes of gold to Kazakh National Bank in 2018

ALMATY. Oct 26 (Interfax-) - The Tau-Ken Altyn gold refinery, part of Tau-Ken Samruk, plans to sell 20 tonnes of gold to the National Bank next year, Tau-Ken Altyn director Meiramgali Tleuzhanov said.

"We are going to supply up to 20 tonnes of refined gold to the National Bank, and we hope to meet that target," Tleuzhanov said on Thursday.

This year, the plant supplied 15 tonnes of gold to the National Bank, so next year's supplies will represent a 33% increase.

"In four years, we have supplied a total of 45 tonnes of refined gold," Tleuzhanov added.

The Tau-Ken Samruk gold refinery, which is part of the Tau-Ken Samruk National Mining Company, was launched in December 2013. The construction of the refinery, which began in July 2012, cost 4.5 billion tenge. The design capacity of the refinery is 25 tonnes of refined gold and 50 tonnes of silver a year. The production capacity of the refinery will later increase to 70-75 tonnes.