OREANDA-NEWS. November 12, 2009. SAT & Company (Almaty), a company listed on Kazakhstan Stock Exchange (KASE), provided KASE with a press release, reported the press-centre of KASE:

SAT & Company announced on closing of a deal on acquisition of Mining company Darkhan (the Company).

The company is developing a Kumyskudukskiy coal deposit near Karaganda (Kazakhstan).

The deposit has over 356 m tons of coal of which 124.3 m accounted as categories А, В and С1. Based on its geological structure and coal quality the deposit is accounted as group 1 in accordance with the firm minerals classification.

The deposit coal is a low mineral B3 coal with little dirt and may be used as energy fuel, utility fuel and for coking. Average contents of ash is 22.8 to 27 %, working damp - 69 %, sulfur - 0.83%, phosphor - 0.075% low heat value - 5,250-5,700 kcal/kg, at average - 5,650 kcal/kg.

There are mining works on-going on the deposit from the middle of 2009. Coal is mined from open pits and transported with auto vehicles. The project was designed by TOO Karaganda Giproshaht and K.
 
Acquisition of an open-pit mine is a big step towards development of production capacities of SAT & Company. Before 2009 it is planned to carry out 0.820 m. sq. m. of works and mine 250 th ton coal. In 2010 it is planned to mine 1.0 m ton of coal and 1.5 m ton of coal in 2011. Along with mining there are two reserve areas being explored, which is a huge potential for the Company.