Kazakh copper miner KAZ Minerals has announced that the bankable feasibility study for the Baimskaya copper project in Russia has been completed and approved by its board of directors. The Baimskaya copper project is expected to see construction costs worth $8.5 billion. The mine is set to have a lifespan of 20+ years, with a launch date scheduled for 2027. KAZ Minerals forecasts average annual copper production of 300,000 tonnes and gold production of 490,000 ounces during the first 10 full years of the mine's operation. Copper and gold processing grades are estimated at 0.47% and 0.27 g/t, respectively, with elevated grades in the early years of output. The mine's associated processing plant will have a total ore processing capacity of 70 Mt/y from two lines. A 428-km all-weather road is to be constructed to the Baimskaya mine site and a new port is planned for Cape Nagloynyn for the shipment of copper concentrate via the Northern Sea Route.