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Mangazeya Mining will invest at least 3.1 billion rubles in Nasedkino before 2020
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September 6, 2018 - 11:06 am

Russian to English translation:

CHITA, 6 Sep - RIA Novosti / Prime. "Daltsvetmet" LLC (Mangazeya Mining Ltd) will direct at least 3.1 billion rubles in the construction of a mining processing plant in the Nasedkin deposit in the Trans-Baikal region in 2018-2019, the press service of the regional government reports.

The government of Transbaikalia and Daltsvetmet signed an agreement on cooperation. According to him, the executive power of the region will support the enterprise in investment activities and will promote the realization of the company's economic interests.

"We already see that large-scale works have been launched, the construction of a shift camp has been started, a reservoir has been constructed, and the power line will be built with the support of the regional authorities, and this project has already been included in the list of measures for social and economic development of the Trans-Baikal Territory to be implemented in 2018-2025 in priority the order approved by Dmitry Medvedev, as well as in the strategy of spatial development.The reserves of the field allow us to speak, at least, about a decade of stable operation of the enterprise, "said the Governor of Zabaikal Natalya Zhdanova.

As reported, in July, Daltsvetmet signed a loan agreement with VTB for $ 118.5 million, which will be spent on capital costs for the completion of the project at the Nasedkino deposit. The effective term of the loan is 7 years, the repayment will begin in March 2020.

The reserves of the Nasedkin deposit according to the international classification are estimated at more than 19 tons of gold with an average grade of 2.17 g / t with the possibility of open-pit mining. The capacity of the mining and processing enterprise will be 1 million tons of ore per year, production will begin in 2019.

"Mangazeya Zoloto" is a gold mining division of the GC "Mangazeya". Production facilities are located in the Trans-Baikal Territory and include the Savkinsky deposit, the Nasedkino deposit, the Zolin-Arkinsky area and the Kochkovo ore deposit. The total volume of production following the results of 2017 amounted to 770 kg of gold. Target production in 2018 is at least 1.5 tons of gold.

source: https://gold.1prime.ru/news/20180906/277510.html

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