Vysochayshiy signed an agreement on subsidies of 980 million for Drazhnoye

02 Sep 2016
Tarynskaya ZRK (TZK, a part of AO Vysochayshiy) signed an investment agreement on the Eastern economic forum with the Ministry of Development of the Far East for the construction of mining and processing enterprise Taryn at the gold deposit Drazhnoye, according to the RIA Novosti report from the signing ceremony. The capacity of the company will be more than two tons of gold per year. Total investment in the project will amount to 9.8 billion rubles, of which the amount of public infrastructure support is 978 million rubles. The plant will create more than 400 jobs. Earlier Minvostokrazvitiya reported that three investment projects to be implemented in the Far East which were approved at a meeting of the Russian government will receive more than 2 billion rubles of state support for the infrastructure. Among them, there is project of the Taryn mineral processing plant. AO Vysochayshiy founded the Tarynskaya ZRK in 2012 for field development of the Drenazhnoye deposit and central part of the Tarynskoye ore field. Now the company is conducting the preparatory work for the construction of the Tarynskyimineral processing plant. Commissioning of the first stage of the mineral processing plant is planned for the end of 2016 - beginning of 2017. The design capacity is 700 thousand tons of ore per year.
Source: Uncommercial joint ownership "Trans-regional Association  of precious metals producers"