Mangazeya to invest 3.5 bln rubles in Nasedkino, produce 2.5-3.5 t of gold/year
ST. PETERSBURG. June 16 (Interfax) - Mangazeya Zoloto, a gold mining division of Sergei Yanchukov's Mangazeya Group, signed an agreement with the government of Trans-Baikal Territory at the St. Petersburg International Economic Forum, an Interfax correspondent reported from the signing ceremony.
Mangazeya plans to build a mine and processing plant at the Nasedkino deposit in Trans-Baikal at an estimated cost of 3.5 billion rubles.
The operation will have capacity to mine 1 million tonnes of ore and produce 2.5-3.5 tonnes of gold per year.
Construction of the plant will begin in 2016, and the company plans to put it into operation in 2018.
Mangazeya Zoloto manages the production and exploration units of Mangazeya Group's gold mining division in Trans-Baikal.
Mangazeya Group is a Russian private vertically-integrated company focused on gas production, gold mining and construction.
