BAST MINING
- Company typePublic
- Founded2005
- HeadquartersAlmaty, Kazakhstan
- Headcount11–50
- GTM typeB2B
- OfferingServices
BAST MINING firmographics
Firmographics- Name
- BAST MINING
- Legal name
- АО «Баст» - Горно-обогатительная компания
- Website
- https://bast-mining.kz
- Company type
- Public
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
BAST MINING industry classification
Industry- Product category
- Copper and Nickel Mining
- NAICS
- Other Metal Ore Mining (21229)
- SIC
- Metal Mining (1000), Miscellaneous Metal Ores (1090)
- akta.pro primary industry
- Nickel Mining & Concentrates (IMAKAFAB)
Keywords
Where BAST MINING is headquartered
LocationHeadquarters
- HQ city
- Almaty
- HQ country
- Kazakhstan
- HQ region
- Asia
Offices2 records
Markets served
BAST MINING business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D
Revenue model
- Copper and Nickel Concentrate Sales: BAST Mining generates revenue through the sale of copper concentrate (17-20% Cu) and nickel-containing concentrate produced at its Mak Sut ore processing facility. The company expanded processing capacity from 200,000 to 400,000 tonnes of ore per year, and targets further expansion to 1.4 million tonnes per year.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
BAST MINING product offering
Product offeringCore offering
BAST MINING operates the Mak Sut (Maksut) copper-nickel deposit in East Kazakhstan, running a full-cycle mining and ore processing enterprise. Its flotation processing plant produces copper concentrate (17-20% Cu grade) and nickel-containing concentrate, which are sold to industrial offtake customers. The company is the only producer of nickel-containing products in Kazakhstan and runs exploration, extraction, and concentration activities on a JORC-certified resource base.
Product overview
BAST MINING (АО «Баст») is a mid-sized, low-cost mining and ore-processing company operating the Maksut copper-nickel deposit in Kazakhstan. The company operates a full-cycle mining enterprise producing flotation copper concentrate (17-20% Cu) and nickel concentrate through its concentrating plant. The product portfolio comprises two core mineral products—copper concentrate and nickel concentrate—alongside the underlying mining and processing operations at the Maksut site, with the company being the sole producer of nickel-containing products in Kazakhstan.
Differentiator
Problem solved
Functional benefit
Products and services
- Copper Concentrate (17-20% Cu) Flotation copper concentrate produced from ore processing at the Maksut mine, with a copper content of 17-20%. Sold to industrial offtake customers (smelters, refineries, metal traders).
- Nickel Concentrate Nickel concentrate produced as a byproduct of copper ore processing; BAST is the sole producer of nickel-containing products in Kazakhstan. Sold to industrial offtake customers.
Quantifiable outcome
- NPV of Mak Sut project: USD 82 million (current plan), rising to USD 121.8 million upon expansion to 1.4 million tonnes/year processing capacity
- +2 more outcomes
Companies that use BAST MINING
Customer profileSegments1 record
Ideal customer profiles1 record
BAST MINING technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
BAST MINING partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Mineral Exploration Consultants Ltd. (MEC)coreMEC prepared an independent mineral resource report for the Mak Sut copper-nickel deposit in accordance with the JORC Code 2012. The report certified 43.5 million tonnes of total ore resources with 26.6 million tonnes classified as JORC mineral resources, and calculated an NPV of USD 82 million for the current mine plan, rising to USD 121.8 million at expanded capacity. Competent Person Igor Usoltsev (Dipl. Eng. Geologist, Member of Australian Institute of Geoscientists) supervised the resource estimation.
Scale indicators10 records
Recent moves8 records
Expansion highlights3 records
BAST MINING competitors and assessment
Company assessmentBroad incumbents
- South32: South32 is a diversified base metals miner producing copper, nickel, and other metals from operations across multiple countries. Comparable to BAST as a producer of copper and nickel concentrates, though at significantly larger scale with diversified portfolio across geographies.
- BHP: BHP is one of the world's largest diversified miners with major copper and nickel operations. Comparable to BAST due to copper and nickel commodity exposure, though BHP operates at vastly larger scale with diversified portfolio across multiple commodities and geographies.
- Glencore: Glencore is a global diversified mining and commodities trading company with significant copper and nickel operations. Comparable to BAST as a copper and nickel concentrate producer, though Glencore operates at vast global scale with integrated trading capabilities that could be a potential offtake counterparty.
- Eurasian Resources Group: ERG is a Kazakhstan-based diversified natural resources group producing copper, cobalt, and other metals. Comparable to BAST as another Kazakhstan-based metals producer with overlapping commodity focus, though ERG operates at vastly larger scale with multiple assets and diversified product portfolio.
- KAZ Minerals: KAZ Minerals is a major Kazakhstan-based copper miner operating large-scale open-pit and underground mines producing copper and other by-products. Comparable to BAST due to shared Kazakhstan operating base, copper focus, and exposure to similar regulatory and country risk factors, though KAZ operates at materially larger scale.
- Vale: Vale is one of the world's largest nickel producers and a major copper miner. Comparable to BAST as a major nickel and copper concentrate producer, though Vale operates at massive global scale across multiple continents with diversified commodity portfolio.
- Kazakhmys: Kazakhmys is a Kazakhstan-based copper mining and processing company with operations across Kazakhstan. Directly comparable to BAST due to its copper focus and Kazakhstan operating base, though materially larger scale with vertically integrated smelting capabilities.
- Nornickel: Nornickel is the world's largest producer of refined nickel and a major producer of copper and PGMs. Comparable to BAST as a vertically integrated nickel and copper concentrate producer, though operating at massive global scale across multiple Russian assets.
Direct peers
- First Quantum Minerals: First Quantum Minerals is a mid-cap copper producer with operations in multiple countries producing copper concentrate and nickel by-products. Comparable to BAST as a copper-focused miner producing concentrates with similar operational model, though at materially larger scale.
- Lundin Mining: Lundin Mining is a mid-cap Canadian base metals miner producing copper, nickel, and zinc from operations across multiple countries. Comparable to BAST as a copper-nickel focused mid-tier miner with similar product mix and integrated mining-to-concentrate operations.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks7 records
Key highlights7 records
Customer concentration
BAST MINING financial estimates
Financial estimateRevenue estimate
Valuation estimate
BAST MINING leadership team
Management profileNumber of profiles
Profiles4 records
BAST MINING funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BAST MINING M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BAST MINING
What does BAST MINING do?
BAST MINING operates the Mak Sut (Maksut) copper-nickel deposit in East Kazakhstan, running a full-cycle mining and ore processing enterprise. Its flotation processing plant produces copper concentrate (17-20% Cu grade) and nickel-containing concentrate, which are sold to industrial offtake customers. The company is the only producer of nickel-containing products in Kazakhstan and runs exploration, extraction, and concentration activities on a JORC-certified resource base.
Is BAST MINING a public or private company?
BAST MINING is a public company. It is classified as public and is currently operating.
When was BAST MINING founded?
BAST MINING was founded in 2005. It employs 11 to 50 people.
Where is BAST MINING based?
BAST MINING is headquartered in Almaty, Kazakhstan, in the Asia region.
How does BAST MINING make money?
One revenue line is on record: copper and Nickel Concentrate Sales.
Who are BAST MINING's main competitors?
Broad incumbents on record are South32, BHP, Glencore, Eurasian Resources Group, KAZ Minerals, Vale, Kazakhmys and Nornickel. Direct peers are First Quantum Minerals and Lundin Mining.
Does BAST MINING have an API?
No public API is recorded for BAST MINING.
What industry is BAST MINING in?
BAST MINING's product category is Copper and Nickel Mining. Its primary akta.pro industry code is IMAKAFAB, Nickel Mining & Concentrates. Its NAICS code is 21229 and its SIC code is 1000.