This text is translated into Russian by google automatic human level neural machine.
EastRussia is not responsible for any mistakes in the translated text. Sorry for the inconvinience.
Please refer to the text in Russian as a source.
EastRussia: KAZ Minerals bulletin postponed the commissioning of the mining plant in Chukotka
The Kazakhstan company KAZ Minerals has postponed the commissioning dates for the Baim mining and processing plant in Chukotka. According to new plans, it is planned to complete construction of the facility in 2026 year, and to bring it to design capacity - in 2028 year, whereas earlier the launch of the mining plant was scheduled for 2024 year, according to the next published issue of the EastRussia bulletin.
The company will produce at least 250 thousand tons of copper and 400 thousand ounces of gold annually. At the same time, the investor does not inform the reasons for the decision on the rescheduling. Now KAZ Minerals continues to carry out a feasibility study for the project.
The Baim GOK project is included in the socio-economic development strategy of the Far East and the Baikal region for the period up to 2025. Vice Prime Minister - Presidential Plenipotentiary to the Far Eastern Federal District Yury Trutnev informed that the government will allocate about 360 billion rubles for the project. At the same time, the official noted that the backlog in launching projects in Chukotka is associated with problems with the provision of electricity.
Detailed analytics on this and other relevant topics can be found in EastRussia Weekly Newsletter.