Hambledon Mining plc is a gold mining and development group, which is operating the Sekisovskoye gold mine close to Ust Kamenogorsk in East Kazakhstan.
The Company has been mining from an open pit and operating an 850,000 tonnes per annum treatment plant since 2008. Underground mining at Sekisovskoye began in late 2011 on time and on budget but has been temporarily discontinued whilst the Company assesses the optimum method of extraction . It hopes to complete the purchase of Akmola Gold LLP, bringing in to the group two gold deposits with a combined resource of 440,000 ounces gold.
In December 2012, African Resources Ltd., an investment group, completed the purchase of a 60% holding in the Company through a partial tender offer.
The Hambledon Mission:
To maximise the value of the business by development and continuous improvement of gold assets in Kazakhstan.
• Expansion at existing mines
• Productivity and cost improvements
• Identifying and developing new gold based projects
• Respect local communities and promote schemes
for their benefit.
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