The development of the Tekhutskoye mine has not been stopped, it has just been suspended, and the operation will start in late 2018 – early 2019.
The program to develop the copper-molybdenum deposits was approved by the government in November 2007.
The deposit is the second largest in the country as to copper reserves after Kadzharan.
In 1991 its confirmed reserves totaled 450 million tons of ore, including 1.6 million tons of copper with the contents of 0.355% and 99 thousand tons of molybdenum with the contents of 0.022%.
The first stage of the development will see the mining and processing of 7 million tons of ore per year.
On average in the first 10 years it is expected to produce 64 thousand tons of copper concentrate with the copper content of 31% and some 760 tons of molybdenum concentrate (50%) per year.
Investments in the first stage will total $350 million. (Ukrainian metal)
