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Mangazeya may receive subsidy for energy infrastructure
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relic
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August 28, 2019 - 11:04 am
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CHITA, Aug 28 - RIA Novosti / Prime. Mangazeya Zoloto LLC (which manages the Mangazeya Group enterprises, Mangazeya Mining Ltd) may receive a state subsidy for the creation of infrastructure for electricity supply, the Trans-Baikal Territory government reports.

The investor’s application was considered at a meeting of the government subcommittee on the implementation of investment projects in the Far East under the leadership of Deputy Prime Minister of the Russian Federation - Plenipotentiary of the President of the Russian Federation in the Far Eastern Federal District Yuri Trutnev.

Mangazeye Zoloto needs 763 million rubles for the reconstruction of 110 kV switchgear at 110 kV Substation Verkhnyaya Dendanda and the construction of a 110-kV OHTL with a length of 54 km and a 110/6 kV substation.

As reported, GK Mangazeya plans in April 2020 to commission a factory at the Nasedkino field in Transbaikalia. The enterprise will process 1 million tons of ore and mine up to 3 tons of gold. GOK will reach its design capacity by the end of 2020. Extraction will be open pit in eight quarries to be built in four geological sections of the field: Mount Pyataya, Pridolinniy, Zhelanny and Pravoberezhny.

The Nasedkino deposit, also known as Malouryumskoye, is located in the northeastern part of the Trans-Baikal Territory, in the upper reaches of the Small Uryum River. Proved industrial reserves of the deposit are 21.2 tons of gold. The license for its development is owned by LLC Far Eastern Non-Ferrous Metal Company (part of the Mangzeya Group of Companies). Daltsvetmet planned to send at least 3.1 billion rubles in 2018-2019 to create a mining and processing enterprise at Nasedkino. The company hoped to start production in 2019.

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

Source: https://gold.1prime.ru/news/20190828/329053.html

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