Gold miner and producer Hambledon Mining has entered an agreement with Kazakh exploration and geological researcher Hydrogeology LLP to acquire historic geological information about the Karasuyskoye ore fields.
Kazax Minerals has started a diamond drilling at the Lomonosovskoye project. The program will include drilling of 12000 metres incorporating 19 geotechnical, 9 hydrogeological and 21 exploration holes.
On October 25 a general shareholder meeting of Kazakhstan Potash Corp (KPC) will initiate business requisite to relisting the company’s shares on the Australian Stock Exchange (ASX). Shareholders will be asked to consider certain approvals required for KPC to proceed with the acquisition and associated funding of the acquisition.
Mine shaft specialist Shaft Sinkers says there has been a delay in final signing of the Kazchrome Skipovaya vertical shaft development contract. Talks over the US$75 million contract are progressing well, according to company officials, but were not concluded on September 30 as previously advised.