Russia allows Polyus to develop Degdekanskoye gold ore field

MOSCOW, Jan 23 (PRIME) -- The Russian government has issued a permit for Magadanskoye Geologorazvedochnoye Predpriyatiye, a subsidiary of gold producer Polyus, to explore and produce vein gold at the Degdekanskoye ore field in the Magadan Region, the government said in a ruling published on Tuesday.

The reserves of the ore field, located close to Polyus’ Natalka gold field, stand at 88 tonnes under the P1 category and 102 tonnes under the P2 category taking into account the gold content of 1.3 grams per tonne of ore.

In 2014, the Magadan Region’s government said that it expected a mining plant to be launched at the Degdekanskoye field before 2020.

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