Baikal Mining Company has made an Agreement on Social and Economic Cooperation with the Government of Zabaikalye Region and Administration of Kalar District of Zabaikalye.
On April 27, 2019 Alexander Osipov, Chairman of the Board of Directors of Baikal Mining Company Valery Kazikaev and General Director of Baikal Mining Company Yury Ryabov have inspected the progress of construction works within the framework of Udokan copper project.
Baikal Mining Company and Human Capital Assets Development Agency in the Far East have signed an agreement on strategic partnership in the area of human capital assets development.
Ingamakit wildlife preserve of regional significance and Udokan state natural monument will be established in the territory of Kalar District of Zabaikalye Region.
FGC UES (Federal Grid Company of Unified Energy System, Rosseti group) commenced the upgrade of 220 kV Chara substation in the north of Zabaikalye region. The power facility will be expanded to handle 50 MW for Baikal Mining Company (BMC), operator of the largest in Russia and third largest undeveloped copper deposit globally.
General Director of Baikal Mining Company Yury Ryabov gave an interview to Chita.Ru 18 months after he had said that construction would start in 2019. “I did everything I promised,” he smiled.
HR Director of Baikal Mining Company, Olga Litvinova, delivered a series of lectures to students and teachers of Mining Faculty of Zabaikalye State University, Chita Polytechnic College and M. I. Agoshkov Zabaikalye Mining College in the period from 26th to 28th of February.
Baikal Mining Company (part of USM Holding), VEB.RF, Gazprombank and Sberbank came to an agreement to finance Stage I of Udokan Copper Project (Zabaikalye Region, Kalar District) and construction of the Mining and Metallurgical Plant. Key terms of the financing were established in the term sheet signed by partner banks and Baikal Mining Company at the Russian Investment Forum in Sochi.
Baikal Mining Company signed contracts for the construction of main power infrastructure facilities for Udokan MMP.
According to the documents, PMK Sibiri LLC shall perform work package to build 220/35/10 kV substation for Udokan MMP, and ESK Energomost LLC shall construct 220 kV Chara - Udokan MMP high-voltage line. Both contracts are executed on a turn-key basis.