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Mangazeya Mining Will Begin The Installation of The Enrichment Plant at Nasedkino in May
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April 12, 2019 - 9:20 am
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https://gold.1prime.ru/news/20190412/311430.html (Google Russian translation below)
 
 
"Mangazeya" in May will begin installation of the factory on Nasedkino
08:43 April 12, 2019
 
Chita, Apr 12 - RIA Novosti / Prime. Daltsvetmet LLC (part of the Mangazeya Group of Companies, Mangazeya Mining Ltd) will begin installation of equipment at the enrichment plant of the Nasedkino gold mine in Transbaikalia in May, the company reported to the Bulletin of the Gold producer.

The capacity of the ore processing plant will be approximately 1 million tons per year. The construction of the mining and enrichment plant is being carried out according to the project of TOMS-Project LLC, which in early 2018 received a positive conclusion from Glavgosexpertiza.

At the same time, as GK Mangazeya informs, Daltsvetmet is trying to return 10 million rubles in court, which it paid in advance to the designer, NPO Sibgiprozoloto LLC in April 2017. At the initiative of the customer in September 2017, due to the inadequate implementation of the design work on the Nasedkino mining and concentrating plant, the agreement with the NGO was terminated, the necessary work was not performed. In February, the Moscow Arbitration Court satisfied the claim of Daltsvetmet for the recovery of 10 million rubles from Sibgiprozoloto. In April, the Ninth Moscow Arbitration Court of Appeal upheld the decision of the court of first instance. The court decided to recover 10,089 million rubles from OOO NPO Sibgiprozoloto in favor of Daltsvetmet LLC - the amount of the unearned advance payment, as well as the costs of paying the state duty in the amount of 73,445 thousand rubles to the federal budget.

“We are satisfied that the appellate court supported our position and left unchanged the decision of the court of first instance. We believe that the contractor grossly violated the terms of the contract, therefore collecting the amount of the prepayment made by us is fair,” said Sergey Yanchukov, owner of the Mangazeya Group .

As reported, "Daltsvetmet" plans to send in 2018-2019 the creation of a mining and processing enterprise at the Nasedkino deposit in Transbaikalia at least 3.1 billion rubles. In July 2018, Daltsvetmet signed a loan agreement with VTB for $ 118.5 million, which will be used for capital expenditures upon completion of the project. The effective term of the loan is 7 years, the repayment will begin in March 2020.

According to the international classification, the reserves of the Nasedkino deposit are estimated at more than 19 tons of gold with an average grade of 2.17 g / t with the possibility of developing by the open method. The company planned to start production in 2019.

Mangazeya Gold is the gold mining division of the Mangazeya Group of Companies. Production facilities are located in the Trans-Baikal Territory and include the Savkinskoe field, the Nasedkino field and the Kochkovskoye field.

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