Buryatzoloto, the largest gold-mining company in the Republic of Buryatia and a part of Nordgold, intends to increase investments this year to 2.1 billion rubles, or by 23% YoY.
This has to do with the replacement of mining equipment at both of its mines valued at 749 million rubles. 109 million rubles will be spent to repair and modernize gold ore-processing machinery at the Irokinda and Holbinsky mines. This will help the company increase gold output from 2.4 tons in 2017 to 2.9 million tons. (Ukrainian metal)
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