The second style is hosted by the Cushabatay Formation: Mineralization is hosted in quartzites with hydrocarbon metal traps, and analogous to the giant
Udokan copper deposit in Russia and Spar Lake in the USA.
Baikal Mining Company, Metalloinvest subsidiary, is about to proceed with the design documentation development phase of
Udokan project with JORK-compliant reserves of 26.7 million tonnes of copper.
Global Banking News-August 9, 2019-Outotec to book over EUR200m of
Udokan contract in Q3 2019
NORDIC BUSINESS REPORT-August 9, 2019-Outotec to book over EUR200m of
Udokan contract in Q3 2019
M2 EQUITYBITES-August 9, 2019-Outotec to book over EUR200m of
Udokan contract in Q3 2019
Janice Lake is a sedimentary hosted copper project located approximately 55 km southeast of Key Lake, in north-central Saskatchewan with geologic features that are analogous to the giant
Udokan development project in Russia.
For several years, RCC was also negotiating the development of the
Udokan copper deposit jointly with Russian company USM Holdings.
Sberbank, Gazprombank, VEB.RF and Baikal Mining Company (part of USM Holding) have agreed on the financing of a project for first-stage development of the
Udokan Copper Field and the construction of a mining and smelter works in the Kalarsky District of the Zabaikalsky Region.
Literature sources that reported chalcocite as the major phase present in the copper isotope analyses were used [16-19] along with new data from Coates Lake, Copper Mine, Michigan, and
Udokan. Data from Kupferschiefer [20], Michigan [21, 22], and Coates Lake [23] provide classic examples of sedimentary copper deposits along with the prospect, Coppermine [24].
In December 2015 the company announced the completion of its restructuring, in which Baikal Mining Company LLC, which holds the licence for the
Udokan copper project, was spun off to the shareholder level of Metalloinvest.
Among the negatives we note the election of Rostech's Sergei Chemezov (nominated by Metalloinvest), who is hardly independent given Rostech's affiliation with Metalloinvest via the
Udokan project.
Thus, in Russia, great attention is being paid to new deposits in Siberia, especially the
Udokan deposit, which is now scheduled for early development although it was not previously planned to be brought into operation before the year 2010.
