Ministry: Vale SA to search for copper and gold in Kazakhstan.

By bne IntelliNews September 6, 2010
Brazilian Vale SA, the world's largest iron ore producer, will explore for copper and gold in Kazakhstan together with Tau-Ken Samruk, Kazakhstan state-owned mining holding, Ministry of Industry and New Technologies has announced. Vale is going to explore the Balkhash and central areas of Kazakhstan. Tau-Ken Samruk is the metal and mining arm of Kazakh state investment company Samruk-Kazyna. The subsidiary was incorporated in 2009 to manage Kazakhstan's government holdings in metals. To remind you, in June the company created a 50/50 joint venture with Rio Tinto Group - major world mining company, to explore national gold, copper and other minerals in Kazakhstan.

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