SAT&Company intends to build a mining and processing works at the Gornostayevskoye deposits in the East Kazakhstan region valued at $252.5 million.
The GOK will process cobalt-nickel ores and extract nickel, cobalt and FN-20 ferronickel. The project capacity will be 1.9 million tons of ore and 9.5 thousand tons of nickel material per year.
In 2021 the works revenue is expected to exceed $100 million, and in 2030 will increase to $184 million.
The nickel reserves at the deposit amount to 289 thousand tons.
In November 2009 SAT&Company purchased the 100% stake in Kaznickel, which owns the license to develop the Gornostaevskoye deposits. (Ukrainian metal)