The Ukrainian Metal

Russia: Buryatzoloto investments up in 2016

In 2016 investments of Buryatzoloto, a part of Nordgold, totaled 1.6 billion rubles.

Investments into two of its mines – Irokinda and Kholbinsky – increased by 33% YoY. Prospecting and modernization accounted for the most part of investments – 700 and 737 million rubles respectively.

In particular, both mines received Sandvik mining machinery worth 129 million rubles at Irokinda and 198 million rubles at Kholbinsky. (Ukrainian metal)

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