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…
This year Russian Copper Company will invest some $760 million in mining in Russia and Kazakhstan. According to the group mining director Alexei Gordeyev, the growth of investments compared to 2018 will be 13%, not counting the purchase of Malomyzh deposit in Khabarovsk region. Other main projects this year include construction of Tominsky mining and…
Russian Copper Company, the initiator of the Tomino Mining and Processing Works construction in Chelyabisnk region, intends to discuss the project corrections with the local dwellers. On August 5 the company will present the results of the assessment of the GOK environment impact. One of the leaders of the StopGOK movement Vsailiy Moskovets claims that…
In 20219-2022 Russian Copper Company intends to invest some 20 billion rubles in the manufacture. In particular, projects will be implemented under the long-term strategy of the company to increase raw materials and mineral base and to improve capacity. Thus, in 2021 Karabashmed will launch the manufacture of copper anodes with the capacity of 230…
Russian Copper Company investments in the development of its mining and metal capacities in Russia and Kazakhstan will exceed $1 billion in 2019, up by 4% YoY. More than $900 million will be invested in Russia, including $652 million in mining. The main investment projects this year will be the construction of the Tominsky Mining…
In 2022 Russian Copper Company intends to commission a mining and processing works within the project to develop Malmyzh gold-copper-porphyry deposit in Khabarovsk region. “We are currently performing geological and prospecting works. We are also designing the location of the main premises of the factory. The launch of the GOK is scheduled for 2022”, RCC…
In 2019 Russian Copper Company intends to start mining copper-zinc ore at the three new deposits in Kazakhstan. The group is prepared to invest some 870 million rubles in the project. In particular, RCC will be developing the Aralchinskoye, Kundyzdy and Limannoye deposits. Ore from the three deposits will increase the share of the copper-zinc…
In 2018 Russian Copper Company increased copper cathode output by 6% YoY, to 216 thousand tons. According to the group president Vsevolod Levin, Mikheyevsky Mining and Processing Works was able to increase copper extraction to 92%. Karabashmed increased raw copper output by 12%, to 139 thousand tons. Copper content reached 99.2% with the target of…