Tuva estimates porphyry copper reserves of Ak-Sug at $2.5 billion
Edited by Rhod Mackenzie / 2013-11-29 08:47:58
The reserves of the Ak-Sug porphyry copper deposit in Tuva, where a mining and dressing plant will be constructed by 2018, are estimated at $2.5 billion, the region’s Head Sholban Kara-ool reports.
The Golevskaya mining company – a part of Intergeo (that belongs to Oneksim of Mikhail Prokhorov) – owns the license for subsoil use at the Ak-Sug porphyry copper deposit. Currently its further exploration is carried out. By 2018, the company intends to complete the construction of GOK at the deposit.
According to the Tuva’s Ministry of Industry, the C1+C2 geological reserves of the Ak-Sug deposit make up about 384.5 million tons of ore with copper content of over 3.26 million tons.
