Baikal Mining Company, a part of USM Holding, and state banks Gazprombank, Sberbank, and VEB.rf have signed a contract to provide an up to $1.79-billion syndicated loan for development of the Udokan copper deposit, they said in a joint statement on July 10. Under an earlier agreement, VEB.rf, Gazprombank, and Sberbank agreed to finance up…
Baikal Mining Company belonging to billionaire Alisher Usmanov will take a $1.4-1.45-billion loan from Russian banks to finish construction of a plant at the Udokan copper deposit, Chairman of the Board of Directors Valery Kazikayev said at a mining congress on January 29. “We have invested about $900 million of own funds, and three key…
Baikal Mining Company has signed agreements to construct the main energy objects for the Udokan Mining and Processing Works iInfrastructure. According to the agreements, PMK Sibiri will construct a 220/35/10 kW substation, while Energomost will erect a high-voltage line 220 kW Chara-Udokan. Both are turnkey contracts. Construction is to be finished in November. (Ukrainian metal)
Baikal Mining Company and the Dalstroymekhanizatsia Company have signed an agreement to construct a road from the Novaya Chara station to the site of the Udokan mining and processing works. The new road with the length of over 17 km and the width of 6 meters will allow transporting 700 thousand tons of ore per…
Baikal Mining Company belonging to billionaire Alisher Usmanov has started building a plant on the Udokan copper deposit and plans to launch the first $2.1-billion stage in 2022, the company said in a statement on September 5. The annual capacity is planned at 12 million tons of ore and can rise later to 48 million…
Baikal Mining Company has started designing a technical unit of the Udokan ore processing facility at one of the world’s largest copper deposits, it said in a statement on October 3. “Baikal Mining Company and Mekhanobr Engineering have agreed to design a technical complex of the Udokan metallurgic facility. The work is to be finished…
Baikal Mining Company LLC and TK Motor LLC concluded a contract for completion of construction, installation and finishing works required to commission administrative and hotel complex “Chara” located in Novaya Chara settlement in Kalar District of Zabaikalie region. The completion of the works under this contract is planned for the end of 2017. The works…