Date: 9 months ago   Category: Industry

China National Gold has signed contract documents for development of the Klyuchevsky field — Rambler News Service


Photo: The Zapadnaya-Klyuchi Mine and the Chinese company China National Gold have signed with globallookpress.com documents for transition to implementation of the project of development of the Klyuchevsky gold field, Minpromtorg reports. "This signing – an important stage of implementation of the joint investment project. Efforts of members of consortium will be directed to a geolograzvedka, formation and development of the integrated complex in production and processing of minerals. We expect that the investor will start implementation of the project already in the nearest future", – the Minister of Industry and Trade of the Russian Federation Denis Manturov has told. According to the head of department, within the project it is planned to attract about $460 million investments of China. "The annual output will be about 6,5 tons of gold a year – it will give a powerful impulse to development of economy of Zabaykalsky Krai and will increase by 2020 cumulative extraction of precious metal in the region by 40%", – the minister has added. Earlier in February the Government of the Russian Federation and the People's Republic of China have signed the cooperation agreement in the sphere of implementation of the project of development of the Klyuchevsky gold field. The document allows the Hong Kong company China National Gold Group Hong Kong Limited and other enterprises which are under her 100% control to acquire from 60 to 70% of voting shares of the JSC Rudnik Zapadnaya — Klyuchi company that as it is supposed, will promote creating favorable conditions for investment cooperation at implementation of the project of development of the Klyuchevsky gold field. In August the President of Russia Vladimir Putin has signed the federal law on ratification of the agreement between the governments of two countries.

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