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11 FEBRUARY 2004  

The first gold at Yuzik deposit (Khakasia) will be mined in autumn

According to Strannicy zolotopromyshlennika, CJSC Irgiredmet&Noyon has got the right to exploit Yuzik deposit in Khakasia. The company led exploration works at the deposit in 2003.

The company’s CEO Edward Bedenko informed that in the nearest 2-3 years gold mining growth would increase up to 4-5 tons. Now Irgiredmet&Noyon is holding negotiations with investors. $2 mln of investments are needed for the deposit exploitation. It is planned to get the first gold at the deposit in autumn 2004.



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