The president of the Russian Copper Company Vsevolod Levin and the governor of the Khabarovsk region Sergey Furgal have signed an agreement on cooperation in the sphere of mining.
The regional authorities want to help RCC develop Malomyzh gold-copper-porphyry deposit. Last year RCC bought the Amur Minerals LLC, which owned the license to the deposit.
The deposit was opened in 2006. Its balance reserves are estimated at 5.156 million tons of copper and 278 tons of gold.
Average copper content in ore is 0.41%, and gold – 0.22 g per ton.
RCC intends to construct a mining and processing works at the deposit with the capacity of 35 million tons of ore per year. Investments are planned on the level of 115 billion rubles. Construction will start in 2021. (Ukrainian metal)
