Russian Copper Company and the Far East Development Fund have concluded an agreement on financing the construction of a mining and processing works at the Malmyzh gold-copper deposit in Khabarovsk region.
The fund will provide 7 billion rubles as a long-term loan.
The Malmyzh deposit was discovered in 2006. Its reserves are estimated at 5.156 million tons of copper and 278 tons of gold. Average copper content in the ore is 0.41%, and of gold – 0.22 g per ton.
The GOK is expected to process some 35 million tons of ore per year.
Investments in the project will amount to 115 billion rubles. (Ukrainian metal)
