Russia’s Ural Mining and Metallurgical Company (UMMC) plans capital expenditures in development of the Gaysky GOK ore dressing plant to rise by 34%, to 3.5 billion rubles in 2018, the company said in a statement.
The company will spend about 2.25 billion rubles on development of an underground mine at the depth of 830-1,310 meters, 250 million rubles on technical re-equipment of the ore dressing plant, and a part of the money on development of the Belozyorskoye gold ore field in the Orenburg Region, UMMC said. (Prime/Ukrainian metal)