Polymetal to invest $500 mln into the development of Bakyrchik and Bolshevik deposits
Edited by Rhod Mackenzie / 2015-03-31 07:29:15
CEO of OJSC “Polymetal” V.Nesis announced “Kyzyl” project development prospects. It includes the deposits Bakyrchik and Bolshevik (Zharminsky district), KAZINFORM reports.
According to the chief executive of Polymetal there will be invested about $500 million into the development of the gold-ore project “Kyzyl”: in 2015 -$40mln, 2016 - $140-170mln, 2017 - $180-220mln and in 2018 - $80-100mln. Geological exploration is going to be the main direction of investments in 2015 under the subsurface contracts.
