Nordgold to reduce investments into “Berezitovy” by twice in 2016

Nordgold of A.Mordashov plans to reduce capital expenses into “Berezitovy rudnik” LLC (Amur region) to 831 million roubles (appr. $10.4 mln) in 2016 against $22.2 million in 2015, runs the company’s statement. According to the executive director of “Berezitovy rudnik” M.Gazizov, about 40 million roubles will be directed for the realization of geological programme on investigation of the Haiktinsky ore site, located north of “Berezitovy” mine. They are about to invest over 270 million roubles into the renewal of mining equipment , in particular, acquisition of three dump trucks and two diggers and more than 340 million roubles – into the capital repair of the mining equipment.