April 4, 2011
Running factories are part of a large-scale project "Albazino-Amur", implemented since 2008. The second step will be the launch of the Amur hydrometallurgical plant for processing received from Albazina ore concentrate to doré (gold bullion containing not less than 95%).
Plant equipment will be able to extract the metal from refractory sulfide ores (previously, this technology has not been used in Russia).
Albazino was purchased for $ 7 million in 2006. In the period from 2007 to 2011 the project was invested $ 270 million, including exploration (to date drilled 107 kilometers), purchase of equipment, construction, ongoing overhead costs, as well as initial working capital.