Frontier Mining announced that it was restarting the mining and crushing operations at the Koskuduk mine. The gold mining operations at Koskuduk had been shut down in November 2010 for the winter season. The mine was scheduled for a May opening but with good weather having played a major role the mine is being restarted a week earlier.
The Chief Operating Officer Adil Tastanov said that the target for this year was 6,000 ounces of gold with silver equivalents. He added that the mining operations were on track to achieve this. The first gold pouring was already achieved using staked ore and had 286 ounces of gold and 1,260 ounces of silver.
Frontier Mining also acquired Coville Intercorp earlier this month along with a 50% stake in its flagship copper project at Benkala in Kazakhstan. The deal has received the written approvals required from the ministry of industry and trade of Kazakhstan and the inter- ministerial committee. The Maminskoye gold deposit in the Ural region of Russia is also owned by Frontier Mining. It is currently under exploration.
The company is essentially focused on Kazakhstan and is developing gold and copper deposits in the country. The two operational licenses that Frontier Mining currently has are at Naimanjal which is owned 100% by the company and Benkala which is has just acquired 50% ownership of.