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EastRussia Bulletin: British company will engage in gold mining in Transbaikalia
Orsu Metals, a British exploration company with Russian capital, received a positive conclusion from Rosnedr on a technical project for the development of the Sergeevsky gold ore deposit in the Trans-Baikal Territory. She will be able to begin conducting pilot works in late August, according to the next published issue of the EastRussia newsletter.
The project provides for the extraction of about 1 thousand tons of ore over three years. The extracted gold-containing raw materials are supposed to be used to select the optimal technological scheme and conduct tests on the extraction of precious metals.
Under the terms of the license agreement, Orsu Metals should begin construction of a mining enterprise no later than 2024, and begin production of gold in 2025.
Detailed analytics on this and other relevant topics can be found in EastRussia Weekly Newsletter.