Vasilkovskoye waits alone at altar

A consortium led by Teck (TEK-T) was unable to reach an agreement with the government of Kazakhstan on development of that country’s Vasilkovskoye gold deposit.

Teck and its partners, First Dynasty Mines (FDM-T) and Bakyrchik Gold (BKG-L), had secured a period of exclusive negotiations with the government, but the deadline expired without results.

Teck says it is prepared to continue with the talks, though it is aware the government may begin negotiations with other interested parties.

Vasilkovskoye hosts minable reserves of 100 million tonnes grading 2.4 grams gold per tonne.



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