1.9 C
Belgrade
Supported byspot_img
spot_img

Amur Minerals nickel Kung Magnier mine in Russia, investor plans

Member of Europium Groupspot_img
Supported byspot_img

The company’s main asset is the Kung Magnier mine in the Amur region. The mine’s reserves are estimated at 830,000 tonnes in the nickel equivalent.

US-Canadian mining company Amur Minerals intends to develop the infrastructure and create new jobs in Russia’s Amur region, chairman of the company’s board of directors Robert Schafer said at the annual Eurasian mining conference sponsored by the Canadian Business Association in Russia and Eurasia (CERBA).

In particular, according to him, Amur Minerals intends to invest in the construction of a 320 km road from the Kung-Magnier area to the BAM (Baikal-Amur Mainline), as well as to build new power plants and an industrial hub between the Gorny and Ulak settlements.

Supported by

This will create more than 1,000 of jobs for local residents, he said.

Shafer did not name the amount and timing of investments.

He also added that the company is ready to continue to work in Russia despite the world’s economic problems and political relations between Russia and the West.

He said that Russia is open for business and the Russian government keeps its promises.

Amur Minerals Mining Company specializes in the production of non-ferrous metals in Russia’s Far East. The company’s main asset is the Kung Magnier mine in the Amur region. The mine’s reserves are estimated at 830,000 tonnes in the nickel equivalent.

Tass.ru

Supported byElevatePR Digital

Related News

Important Announcement to Our Readers

After years of dedicated efforts to promote the European mining industry and foster a balanced approach between environmental conservation and the responsible exploitation of...

India set to decide on import restrictions for metallurgical coke

India is set to make a decision soon on whether to implement import restrictions on metallurgical coke, a crucial ingredient in steelmaking. According to...

AMMC targets major production milestones by 2030 with ongoing development projects

Almalyk Mining and Metallurgical Combine (AMMC) has set ambitious production goals for 2030, aiming to achieve annual output of 500,000 tons of copper, 50...

Kazatomprom partners with Jordan uranium mining company on joint uranium exploration and extraction

Kazatomprom, Kazakhstan's national atomic company, has entered into a collaboration with Jordan Uranium Mining Company (JUMCO) to jointly explore and extract uranium in Jordan....
Supported by
Supported by
Supported by
error: Content is protected !!