“Nordgold”, Magadan Region, and FEDC are joining forces to develop copper projects

The project envisions the construction of a copper ore mining and processing plant producing copper concentrate. Capital investment will exceed 80 billion rubles. The project will create 2,000 new jobs for residents of the Magadan Region.

"Nordgold is already actively conducting geological exploration and drilling at the field. The company is capable of implementing a project of any complexity, but it needs support to redirect its resources and investments to the region. The agreement stipulates investor preferences from the range of support measures available in the Far East. We must certainly provide them, and we are doing everything possible to ensure this. This is a critically important project for us in diversifying the economy," emphasized Magadan Region Governor Sergei Nosov.

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