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N e w s
AUGUST 14
The company Kaskad became the winner of tender on the right for development of Saralinskoie gold field (Khakasiya). As the chief of licensing department of the Committee On Natural Resources of Khakasiya Administration Mikhail Nikiforov told AK&M correspondent, the company offered optimal conditions for development of the deposit.
According to the conditions of the tender the company has to provide the schedule of the development of the deposit till 2010 by the I quarter of 2001. By the beginning of 2002 the the deposit development should begin. Kaskad should provide the final estimation of Saralinskoie gold deposit reserves by the I quarter 2004.
Kaskad plans to reach the level of gold mining 200 kg annually by 2003, and by 2010 - 1.020 tons, said Nikiforov. Besides one of conditions of the development, according to М. Nikiforov, is Kaskad obligation to renovate Saralinskoie gold - extracting factory.
Saralinskoie gold deposit reserves are 28.5 tons according to estimations.
Source: AK&M
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