Freeport-McMoRan to be allowed to develop Russian copper deposit.

The Americans and the Canadians can start developing the Malmyzhsk deposit.

As the "Kommersant" informs, the government is ready to allow "Amur Minerals", a joint venture of the American Freeport-McMoRan (49%) and the Canadian IG Copper (51%), to develop a large Malmyzhsk copper-gold deposit in the Khabarovsk Region. Malmyzh relates to mineral resources of federal significance, and, despite the fact that " Amur Minerals" was a pioneer, the government could ban the production for the company. JV plans to invest $ 1.5 billion into the project in the presence of co-investors, but experts are skeptical about the prospects.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
12 Northfields Prospect; London, - SW18 1PE; United Kingdom
E 51° 27.454518" S 0° 14.101236"

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer