Officials at Frontier Mining Ltd., a private copper producer in Kazakhstan, announced further $17.9 million in financing from Sberbank Kazakhstan, allowing for expansion at its Benkala solvent extraction/electro-winning (SX-EW) plant. A further $6 million in capital expenditures will bring capacity to 10,000 metric tons per year.
In 2013, work will bring Benkala’s exploration activities to Baitemir, a possible copper gold porphyry deposit with associated molybdenum in the northeast of Kazakhstan, a former Soviet Republic. Frontier has a 100% stake in Baitemir via its 100%-owned subsidiary FML.
Frontier Mining is a copper company with production, development and exploration operations in Kazakhstan and primary activity at Benkala, an open-pit mine and SX-EW production facility in the Urals copper gold ore belt in northwest Kazakhstan. With a technical office in Almaty, the former Kazakh capital city, it also maintains offices in Aktyubinsk and Semipalatinsk, near Benkala and Baitemir operations.
