Yubileyenoye LLC is going to start construction of gold extraction plant before the end of the year
Edited by Rhod Mackenzie / 2014-09-10 02:17:03
China Kazakhstan Metals and mining Russia China Metals and Mining Kazakhstan Metals and Mining Russia Metals and Mining Gold
The Kazakh Yubileyenoye LLC is going to complete the project before the end of the year and to provide the necessaries for the construction at the deposit of a gold extraction plant with annual processing capacity of 5 million tons of ore extracted by open-cast mining with gold content of 1.7 g per ton. Under the license agreement, the plant should be built in 2015. The company evaluated its price by $230-250 million before. Delays in construction of the plant is connected with re-profiling of the plant from production of concentrate to Dore gold.
