In 2011 invest to Tyva polymetal deposit development to be 1.325 billion rubles

 

In 2011 Lunsin mining part of the Chinese Zijin is going to invest into the Kyzyl Tashtyg polymetal deposit's development 1.325 billion rubles, by 15.2% more than in 2009. In 2010 it was 1.150 billion roubles and since the project started in April 2007 it has been 3 billion roubles. The major objects of the ore dressing combine will be in 2011 and in 2012 it will reach the projected capacity of 1 million tons of ore a year.

 

 

The Chinese company bought the right for the deposit development for 25 years at a tender in April 2007 for 742.5 million roubles. It started prospecting in August 2008 and began the combine construction in March 2009.

 

 

 

The deposit ore contains zinc, lead, copper, barium and sulfur. The associated components are gold, silver, cadmium and selenium. Polymetal ore reserves by B+C1+C2 are 12,920,400 tons. Copper ore reserves by C2 are 2,077,700 tons. Sulfur ore reserves by C1 are 6,259,600 tons.

 

 

 

Zijin Mining Group is the Chinese leader in gold production and is third by copper output. Its market value is $17 billion. It produces gold, copper, zinc, nickel , iron ore and platinoids. It possesses assets in Mongolia,Tajikistan,Korea,Russia,Thailand and Peru.

 

 

 

Translated by Nadezhda Poltoratskaya

 

 

 

Source: http://www.metalinfo.ru/ru/news/47695

 

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