Group Precious Metals
Sari Gunay gold mine to become operational
(Minews) - Sari Gunay Gold Mine in the city of Qorveh in Kurdestan Province will be operational in two to three months, according to the Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh.

In a joint project between Iran and Kazakhstan, some four tons of gold are estimated to be extracted from the mine in two years, Mehr News Agency reported.

“In addition to Qorveh, exploration activities are also ongoing in Saqqez and other parts of the province with high chances of progress,” said Nematzadeh in a visit to Sari Gunay Gold Mine last week.

Executive manager of the Kazakh company in charge of developing the mine, Moris Satiashvili, said in April that as much as $48 million had been invested in the mine, with an additional $15 million required for completing the project.

The gold mine, located 90 kilometers east of Sanandaj, was supposed to start operation in September 2013. The deadline was further extended until October 2014 but the Kazakh company once again missed the deadline.
Publish date : Sunday 2 August 2015 21:26
Story Code: 26563
Source : Financial Tribune