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Chinese company to invest 850 million rubles in the deposits of Magadan region

The Governor of the Magadan Region, Vladimir Pecheny, held a meeting with the leadership of the South-West Mining Company of Jilin Province. The company with 2011, owns licenses for the development of deposits of Morning, Senon and Silver. Director of the company, Wang Fei, said that on the Morning field, before the end of 2014, drilling operations will be completed, then exploration results are analyzed and reserves are protected. The next step will be the construction of the camp and warehouses. In the future, a factory should be built in which the ore of the Morning deposit and the neighboring deposits Senon and Serebryanoye will be mined.

In 2014, South-West Industrial Company will invest 250 million rubles in the development of the Utro deposit, and plans to invest 100 million next year. According to Wang Fei, 500 million rubles will be invested in the development of Senon and Serebryany.

The head of the Chinese company asked for the assistance of the governor in the preparation of permits. Vladimir Pechenyi promised to help the investor in obtaining construction permits.

The deposits, licensed for exploration and development of which the South-West Mining Company has, are located on the border of the Olsky and Tenkinsky regions, 80 km south of the village. Ust-Omchug. The Morning deposit contains silver and antimony, Senon - silver and gold, Silver - only silver.

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