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Russian-Chinese fund to invest 200 million dollars in mining of polymetallic ores
The Russian-Chinese investment fund will invest 200 million dollars in the extraction of polymetallic ores (zinc, silver, gold and cadmium) at the Noyon-Tologoy deposit in the Trans-Baikal Territory, reports Bloomberg.
ITAR-TASS reported that earlier the Chinese company Baojin had already invested $ 100 million in the development of the field through its Baikalrud.
Investors aim to increase the capacity of the company from 500 thousand to 3 million tons of ore per year. Work will begin in 2016.