Eurasian Natural Resources Corp (ENRC) has rebuffed a US$4.67 billion takeover bid by a consortium comprising the Kazakh government and the founders of ENRC.
Frontier Mining has made small changes to the production process at its Benkala Copper Project. On the advice of consultant Adam Mooney, the leach pad stacking height of Pad 3 at Benkala is being raised from 2.5 to 3.5 metres.
Frontier Mining reiterates that its Baitimir project in northeast Kazakhstan is viable following a study from consultant Wardell Armstrong. Baitimir lies within the Naimanjal licence and includes the Baitimir, Yubileiny and Beschoku copper deposits.
Central Asia Metals’ Kounrad SX-EW Copper Project in Kazakhstan is on track to meet its 2013 production target of 10,000 tonnes after achieving record monthly output of 1114 tonnes in April. The plant produced 4857 tonnes in the first half of the year, which was ahead of the company’s internal budget. Allowing for the planned seasonal variations in output, Kounrad is on track to meet the 2013 target.