“Russian Copper Company” JSC (Ekaterinburg, Russia):

Altushkin I. A., Head of a Board of Directors
Korol Yu. A., Vice-President, phone: +7 (343) 365-29-00

“Kazgeorud” LLC (Aktobe, Kazakhstan):

Koshik A. A., Chief Executive Officer

As of early 2004, the Nothern part of Mugodzhar Hills (Aktobe region, Republic of Kazakhstan) included the non-mastered deposits of copper sulphide ores. With the support of “Kazakhmys” Group and government of Aktobe region, the “Russian Copper Company” JSC invested more than 100 mln USD in the mastering of “50 let Oktyabrya” deposit, which made it possible to design and construct the mine for two years. The deposit is planned to be developed by open-cast method, and then – by underground method.
As of early 2012, 12.5 mln. t of ore with 178.9 th. t of copper was extracted and realized at the mine.
On the basis of the fixed copper prices, the enterprise considers the question about the correction of a project of open pit for the purpose of costs optimization on the construction of underground mine. Nowadays, the underground mine projecting is started by the company for the purpose of complete development of deposit of “Copper Technology” LLC, which has been carrying out the extraction of ores at the “50 let Oktyabrya” deposit since 2006.

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3. Geologicheskiy otchet s podschetom zapasov po medno-kolchedannomu mestorozhdeniyu «50 let Oktyabrya» (Geological report with calculation of reserves of “50 let Oktyabrya” copper sulphide deposit). A. N. Topoev et al. Koktau : ZKKGRE, 1970.
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