Russia’s UMMC sees 2018 capex in Gaisky GOK at 3.5 bln rbl

MOSCOW, Feb 27 (PRIME) -- Russia’s Ural Mining and Metallurgical Company (UMMC) plans capital expenditures in development of the Gaisky GOK ore dressing plant to rise 34% to 3.5 billion rubles in 2018, the company said in a statement on Tuesday.

The company will spend about 2.25 billion rubles on development of an underground mine at the depth of 830–1,310 meters, 250 million rubles on technical re-equipment of the ore dressing plant, and spend part of the money on development of the Belozyorskoye gold ore field in the Orenburg Region, UMMC said.

(55.9208 rubles – U.S. $1)

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