The Zabaikalye Territory commenced work to prepare for the launch of construction of a colliery with a capacity of 5 mmtpa. This refers to the new president of Zabaikalye Priority Social and Economic Development Area, namely Rzrezugol company, the press office of the Regional Government explained. It is a Russian-Chinese joint venture set up by Northern Phoenix Energy Company Limited (a subsidiary of China Energy, China’s largest coal corporation) and Vostsibugol Company LLC (a subsidiary of En+ Group), which is among the largest companies of Russia’s coal industry).
The Government approved a draft agreement with the PRC on the development of the Klyuchevskoye gold deposit in the Transbaikal Territory. The relevant order has been signed by Prime Minister Dmitry Medvedev. This document authorizes China Gold to buy 60 to 70% shares in Zapadnaya-Klyuchi Mine, JSC from the Cypriot SUN Kluchevskoye Holdings Ltd. Zapadnaya-Klyuchi is the holder of a license to develop the Klyuchevskoye deposit.
The Heilongjiang joint stock company Xingbang completed the construction of a wood mill in the Mogochinsky District of the Zabaikalsky Territory, investing 3.2 billion rubles in the project, as the ministry of natural resources and industrial policy of the region told on June 16.
The Indian CAH investment group and the Chinese China National Gold state-owned goldmining company intend to invest $500 mln in development of the Klyuchevskoye gold ore deposit in the Mogochinsky District of the Zabaikalsky Territory, according to the press-office of the Governor of the region.
On Sunday, representatives of all five BRICS countries signed a memorandum of understanding on joint development of the Kluchevskoye gold ore field which will be the first joint investment project of the association, says the press-release of the Indian SUN Gold. The document was signed by the representatives of SUN Gold, China National Gold Group, Far East Development Fund, Trans AFRICA Capital and by the Brazilian investor Antonio Moraes Neto on the margins of the BRICS summit in Goa.
The first rail terminal for exporting Siberian grain to China will be completed at the largest border checkpoint between Russia and China in Zabaykalsk by 2018. More than $60 million is required in investments for the project, according to Zabaykalsk Grain Terminal CEO Karen Ovsepyan