20
April
2010
Ozerny Mining and Processing Plant, Nazarovskoye deposit to be managed directly
In early April 2010 the Federal Antimonopoly Service (FAS) of
the Russian Federation granted the request of MBC Corporation for
permission to acquire the rights that enable the functions of the
sole executive body of Ozerny Mining and Processing Plant OJSC and
the rights that enable the functions of the sole executive body of
Nazarovskoye LLC.
The FAS decision allows completing the stage of optimizing the
ownership and management structure of Metropol Group’s investment
projects this year, which will allow making more efficient use of
material and financial resources and better expedite the adoption
and implementation of decisions in the companies involved in the
group’s mining business, namely, Ozerny Mining and Nazarovskoye
LLC.
The Ozernoye and Nazarovskoye deposits are located in the
Yeravninsky district of the Republic of Buryatia. The ore from the
deposits will serve as raw material for the Ozerny plant currently
under construction, which will produce 740,000 metric tons of zinc
concentrate and 110,000 metric tons of lead concentrate per year.
The total gold resource potential of the two deposits combined is
about 40 metric tons of gold.
