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Taborny Mine will double investment in production this year

  • Published in Economy
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Mine Taborny gold mining enterprise, part of Nordgold, in 2019 plans to allocate more than 2 billion rubles to the investment program, which is almost 2 times more than in 2018.

Every year the company makes significant investments in the maintenance and development of production, improvement of the technical base. This year, the bulk of investments will be aimed at supporting production and carrying out capital mining operations. In particular, over 200 million rubles will be invested in overhauls of mining vehicles, about 270 million rubles will be invested in the purchase of five mining trucks, 100 million rubles in the construction of a new heap leaching pad.

Management intends to invest in the development of more than 320 million rubles to extend the mine life. These funds will be spent on design and exploration work and geological exploration, which this year will be conducted at the Tabornoye deposit and at the Tokko prospective area. The company's longevity, its stability and, consequently, the well-being of its employees depend on geological exploration aimed at replenishing and expanding the mine’s gold reserves.

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“Investments will help ensure efficient gold production, as well as safe and comfortable working conditions for our employees," noted the Executive Director of the Taborny Mine, Vitaly Zagan.

The actual expenses of the 2018 investment program amounted to 1 billion 61 million rubles and were primarily aimed at maintaining the special mining fleet and high-performance process equipment, as well as for geological exploration.