After 15 years of idle time, the only gold-extracting enterprise in Ukraine – Muzhiyevskiy gold mine – has resumed operation.
In addition to gold it can also produce zinc.
Avellana Gold operates its processing factory at the deposit. Overall capacity will reach 500 thousand tons of ore per year.
The previous enterprise went bankrupt n 2005.
At first, the company will process ore remaining from the previous years of operation.
Over 30 people are employed. More than 250 million UAH of taxes will be paid annually. (Ukrainian metal)