N e w s

Cl. JSC ”Yuzhuralzoloto” has increased the volumes of gold extraction by 25% in 1999. The average profitability of production made up plus 3%. Both gold deriving factories of the layer were well-provided with the raw materials. Beginning from January, JSC ”Yuzhuralzoloto” is going to clear off the credit liabilities before the energy suppliersof the bankrupt open JSC ”Yuzhuralzoloto” During 1.5 years the layer gold miners will pay 20 million roubles to JSC “Chelyabenergo” on account of the debt clear off. The quote of 1.5 thousand kg of gold is set for the JSC ”Yuzhuralzoloto” in the year 2000. Monthly volumes of the ore extraction in the Svetlinsk gold Deposit are expected to be kept up to 45 thousand tonnes.

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