Report on Udokan deposit is approved
State Reserves Committee under the RF Ministry of Natural Resources (FBU GKZ) adopted positive conclusion on the report "Calculation of copper reserves, associated components and mineral resources at Udokan deposit" on the plenary meeting which took place on 26 February, 2016. Udokan reserves were recognized as the largest deposit in Russia and the third largest copper deposit in the world.
According to estimations as of 01.01.2016 commercial reserves of copper were approved with amount of more than 20 mln. tons with regard to open-pit and subsurface mining of the deposit.
After proper researches and investigations the deposit is ready for industrial development.