Rönesans Holding to construct the Udokan Mining and Metallurgical Plant in Chara region of Russia. The company has announced that it has begun work for the first phase of the construction of the project, which is located 23 km from the nearest residential area and 650 km from the nearest airfield. With the completion of the first phase, the project is expected to have 12 million tons of ore production capacity annually, while the copper production capacity of the plant is expected to be 130,000 tons. The first stage of construction is planned to be completed in 40 months.
In the latest press release, Baikal Mining Company’s Chairman of the Board of Directors Mr. Valery Kazikaev commented about the project known as the third largest undeveloped copper deposin in the world with JORC compliant reserves of 26.7 million tons of copper. Stating that Udokan Mining and Metallurgical Plant shall be the first plant in Russia to use technologies such as a fully-automatic cathode withdrawal and loading crane and cathode stripping machine Kazikaev said: “These technologies are notable for ore processing potential irrespective of the quality and oxidation of the ore and achieving high process performance.”
