Kazakhstan approves Sunkar SUC changes

2010-06-17

Kazakhstan approves Sunkar SUC changesBusiness Financial Newswire – Sunkar Resources has received consent from the Kazakhstan government to change its work programme commitments under its Subsoil Use Contract (SUC) to develop the Chilisai phosphate deposit.

Chief executive Serikjan Utegen said: “This is tremendous news for Sunkar.

“The government has given an overwhelming endorsement for Sunkar’s plans to develop a world scale, low cost integrated phosphate fertiliser manufacturing facility.

“High value fertilider production for domestic consumption and export will have a significant impact on the local economy and will contribute to meeting the country’s industrial policy aims for diversification and low cost competitive production of high value added products to enhance export growth.”

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