Omchak

The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Omchak

 

an urban-type settlement in Ten’kinskii Raion, Magadan Oblast, RSFSR. Omchak is located on the Omchak River (Kolyma River basin), 392 km northwest of Magadan. Gold is mined in the area.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
Petropavlovsk said it expects to report a $30mn non-cash accounting loss linked to the disposal of 65% of ZRK Omchak. Other impairments of $75-$100mn may arise following a review of the carrying value of Petropavlovsk's exploration and development assets, the company said.
- PETROPAVLOVSK TO SHED 65% STAKE IN RUSSIAN GOLD MINER OMCHAK
Meridian Minerals Limited (ASX:MII) has signed a non-binding Heads of Agreement to acquire a 75% interest in the non-alluvial assets of Russian gold company ZAO ZRK Omchak from UK listed Petropavlovsk PLC (LON:POG) (PINK:PPLKY).
Through FinTronics' wholly owned subsidiary, Maxing Investment Limited, the Group has entered into a conditional Sale and Purchase Agreement with Truffle Rich Holdings Limited, whereby it will acquire the entire issued share capital of Spring Vast Limited,an investment holding company that will own 80% interest in CSJC Gold Mining Company Omchak ("Omchak") for an aggregate consideration of US$300 million (the "Acquisition").
5 December 2012 a[euro]" Russia-focused gold producer Petropavlovsk Plc (LON:POG) said on Wednesday it had agreed to sell a 65% stake in sector firm ZRK Omchak CJSC to Susumanzoloto OJSC for nearly USD21.7m (EUR16.6m).
5 December 2012 - Russia-focused gold producer Petropavlovsk Plc (LON:POG) said on Wednesday it had agreed to sell a 65% stake in sector firm ZRK Omchak CJSC to Susumanzoloto OJSC for nearly USD21.7m (EUR16.6m).
Petropavlovsk May Sell ZAO Omchak, but Retain Alluvial Assets: Neutral
Another 16 koz were produced through alluvial operations, while 56 koz were produced by its fully consolidated Omchak subsidiary as well as JVs.