KAZ Minerals, a Kazakhstan copper mining company, has raised its capex estimates for Baimskaya Processing Plant and Mine (GOK) in Chukotka to $8 bn, the company says. The project investments were previously estimated at $5.5bn for the period 2018-2026.
The Canadian gold mining company Kinross Gold has launched production at Moroshka field in Chukotka, where it is planned to produce an average of 3.4 tons of gold per year, reports the regional government.
During the Eastern Economic Forum, RusHydro and the Japanese Mitsui and Komai signed memorandums of understanding with the governments of the Chukotka Autonomous District and the Kamchatka Territory, providing for implementation of wind engineering projects in these regions, as reported by a correspondent of RIA Novosti.
Canadian company Kinross Gold will begin development of a new gold deposit in Chukotka, Governor of the District Roman Kopin said on Instagram on Wednesday.
Czech businessmen are ready to present a project for the construction of a plastic products plant to the authorities of Chukotka. Also, investors intend to sell chemical and plastic products from the Czech Republic to residents of the district and industrial enterprises.
Australian Tigers Realm Coal Limited started development of the Fandyushkinskoye Pole coal deposit in Chukotka, the Government of the Autonomous District says.