Baikal Mining Company (BMC) signed a Contract Agreement with Renaissance Heavy Industries for construction of «Udokan Mining and Metallurgical Plant (Phase 1) with the annual capacity of 12 MMT of ore. Process Plant».
The Contract price is about RUB 28 bn.
The winners of the “Multifarious Udokan” creativity competition to commemorate the 70th anniversary of the Udokan copper deposit discovery were awarded in Kalarskiy Museum of Local History. The creativity competition was initiated in May 2019 and held with support from Baikal Mining Company.
Domestic reindeer chipping program in Kalarsky District is being implemented as part of Baikal Mining Company’s project on support of indigenous small ethnic groups of the north of Zabaykalie.
A whole range of necessary equipment, being approximately 130 items of machinery, including drilling rigs, excavators, haul trucks, bulldozers, autocranes, graders, crushing complex, etc., is engaged in construction of Udokan Mining and Metallurgical Plant.
Gazprombank, VEB.RF and Sberbank signed a syndicated loan agreement with Baikal Mining Company Limited Liability Company that is part of diversified USM Group (with the founder and main shareholder Alisher Usmanov) for Udokan Copper Project development.
As noted by Yury Ryabov, General Director of Baikal Mining Company: «The sand and gravel deposit has been commissioned on project schedule, and this will allow of materials availability for the foundations of the Concentration Plant and Hydrometallurgical Plant Buildings».
The respective Agreement was signed in St. Petersburg International Economic Forum. Valery Kazikaev (Chairman of BMC’s Board of Directors), Anton Cherepennikov (General Director of ICS Holding) and Mikhail Churkin (acting Deputy Chairman of the Government of Zabaykalsky Krai) participated in the signing ceremony.
On June 7, 2019 St.Petersburg International Economic Forum hosted signing of a Protocol of Entry into Force of the Agreement between Baikal Mining Company and Outotec.
It was reported by Olga Litvinova, HR Director of BMC LLC, on May 29 in her speech at Boiling Point-Chita section during World Economic Forum field session on integration of Zabaykalye into Far East economic zone.