Kazzinc & Rail-Veyor Sign Agreement to manufacture and install a new Rail-Veyor® system in Kazakhstan

SUDBURY, ONTARIO, CANADA – January 11, 2020 – Rail-Veyor Technologies Global Inc. (RVTG) is proud to announce they have signed a License and Service Agreement with Kazzinc, one of the largest and most innovative mining organizations in Kazakhstan. This agreement allows Kazzinc and RVTG to work together to manufacture, install and operate a new Rail-Veyor® material handling system at Kazzinc’s Dolinny mine.

The 3.8 km mostly underground system will be part of Kazzinc’s mining operations to move gold ore from the mine to any of three different stockpiles located on the surface. Plans are for the system to be operational in January of 2021.

“We are overjoyed at Kazzinc’s decision allowing us to provide our Rail-Veyor® technology as a new material haulage solution for them,” says Jim Fisk, Executive Chairman for Rail-Veyor. “This system will provide significant savings while being in line with Kazzinc’s environmentally-friendly strategy. Rail-Veyor’s successful implementation is expected to open the door for expanding mining operations and additional installations.”