Nordgold has concluded an agreement for the delivery of mining machinery for the Gross project in Yakutia valued at $60 million with the Vostochnaya Tekhnika Company, a Cat dealer in Russia.
The 5-year contract presupposes the delivery of machinery, as well as training of Nordgold personnel.
The construction of the Gross mine started in June 2016, gold mining is expected to begin in mid-2018.
The company plans to mine some 12 million tons of ore and produce 220 thousand ounces of gold per year once the project reached its full capacity. (Ukrainian metal)