KAZ Minerals has approved expenses of $150 million to finish bankable feasibility study of the development of the Peschanka deposit in Chukotka Autonomous District.
Additional machinery might be supplied to the deposit, which will increase expenses.
Last year the company approved expenses of $80 million, but the actual amount totaled $111 million.
The study is expected to be completed in the first half of the year.
Peschanka will be yielding 250 thousand tons of copper and 400 thousand ounces of gold per year. (Ukrainian metal)