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EastRussia Bulletin: Nordgold to Increase Investments in Buryatia Mines by 23% - EastRussia | Far East

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EastRussia Bulletin: Nordgold to Increase Investments in Buryatia Mines by 23%

EastRussia Bulletin: Nordgold to Increase Investments in Buryatia Mines by 23%
Photo: EastRussia
Nordgold A. Mordashova develops mining assets in Buryatia, part of Nordgold PJSC "Buryatzoloto" plans to increase 23% of investments in the modernization of the Irokinda (Muisky district) and "Holbinsky" (Okinsky region) mines, the EastRussia bulletin says.

Only this year the company intends to invest up to 2,1 billion rubles. In particular, 749 million rubles. it is planned to send for renewal of mining equipment, 109 million rubles. - for the modernization and repair of ore processing equipment. Due to the planned activities, the company expects to increase gold production in the mines in 2018 to 2,9 t. In addition, 816 mln. will be directed to geological exploration.

In the past year on "Holbinsky" and "Irokind" was produced 54,7 thousand ounces of gold.

A detailed analysis of this and other relevant topics can be found in the weekly bulletin EastRussia (https://www.eastrussia.ru/subscribe/).