Men's Weekly

.

Business Telegraph

.

Over 3 million tonnes of ore extracted from Udokan copper deposit

  • Written by Telegraph Magazine

MOSCOW, RUSSIA - Media OutReach - 31 January 2023 - More than 3 million tonnes of copper ore have already been mined from the western pit of the Udokan copper deposit, in Russia's Trans-Baikal Region.



The deposit is being developed as part of mining and capital works that began in mid-2020. The ore extracted at this stage will be used to run cold and hot tests of equipment at the processing plant. Upon completion of the mining and capital works, sites, roads and other facilities will be ready so that heavy equipment can conduct open-pit mining.

According to Alexey Yashchuk, CEO of Udokan Copper, pre-production mining will increase by at least 150% this year. "This will enable us to produce a more than adequate stockpile by the start of the first phase of the mining and smelting plant, thus ensuring an uninterrupted production cycle", he said.

As the deposit is mined, ore of satisfactory quality will be sent to the processing plant; the remaining ore will first be sorted by grade for further blending (in the required proportion) and then sent to the processing plant.

Production at Udokan is set to begin in 2023. The plant will have a processing capacity of up to 15 million tonnes of ore per year. The company will produce up to 135 thousand tonnes of copper annually in the form of copper cathodes and sulphide concentrate.


Hashtag: #UdokanCopper

The issuer is solely responsible for the content of this announcement.

About the company

Udokan Copper was founded to develop the Udokan copper deposit. It is part of USM, a diversified holding. With 26.7 million tonnes of copper reserves, Udokan is the largest deposit in Russia. The copper content, according to the guidelines of the JORC Code, is 0.97%.

The deposit is located in the Kalar District of the Trans-Baikal Region in Russia's Far East, 30 km from the Novaya Chara station on the Baikal–Amur main line. Under the project, a mining and smelting plant is to be commissioned which will produce cathode copper and sulphide concentrate.


Entrepreneurs & Leaders

A Step-by-Step Guide on How to Open Company in Poland

Poland continues to be a highly attractive destination for global entrepreneurs seeking new opportunities within the E...

What Sets a Top Commercial Plasterer Contractor Apart in Melbourne’s Competitive Market

Melbourne’s commercial construction scene moves fast. Whether it is a retail space on Chapel Street, a high-rise offic...

Justice for Workplace Injuries: How to Find the Best Compensation Lawyer

Finding an experienced compensation attorney who focuses on workplace injury claims is one of the most crucial actions...

Overcoming Internal Resistance to Adopting Headless CMS

Like any technological shift in an organization, there is always internal resistance to be mitigated. Transitioning to...

Understanding Australian Electrical Compliance: Key to Workplace Safety

In Australia, workplace safety is a priority, particularly when dealing with electrical systems. Adherence to Australi...

How Mobile Mechanics in Sydney Are Transforming the Lives of Busy Professionals

In a fast-paced city like Sydney, where every hour counts, finding time for car maintenance can be a challenge. For bu...

Beyond the Marker: How Modern Whiteboards Drive Team Collaboration

Collaboration in the workplace has undergone a transformation. With the rise of hybrid work models, agile project mana...

Essential Strata Insurance Services Every Multi-Owner Building Must Get Right

When multiple parties share ownership in a property, ensuring its longevity and protection demands more than just good...

Global Content Delivery with Headless CMS and Edge Networks

As the world gets more interconnected every day, businesses with international audiences now demand rapid, consistent...