The intergovernmental agreement signed in February, which allows China National Gold Group to get 70% of Klyuchevskiy gold ore deposits in Zabaikalye region, has been submitted to the State Duma for ratification.
The project will be carried out in 2 years.
The Chinese company will invest $500 million in gold mining. The reserves are estimated at 48 tons. The company is also allowed to employ Chinese workers, up to 50% of the stuff.
The share of the Russian machinery in mining will reach 40%.
The technique of heap leaching will provide for 6 tons of gold a year. (Ukrainian metal)