On December 19 Head of Zabaikalye Region Alexander Osipov held a working meeting with General Director of Baikal Mining Company Yury Ryabov. The head of the company executing Udokan MMP construction and operation project in the Region informed about the progress of project implementation and provision of the Plant`s facilities with transport and power infrastructure.

Baikal Mining Company entered into a cooperation agreement with Zabaikalye State University and Zabaikalye Mining College named after M.I.Agoshkov.

General Director of Baikal Mining Company Yury Ryabov said in his speech on December 19, 2018 during the opening of Chita Boiling Point teamwork environment.

On December 12, 2018 a positive state expert review was awarded by Federal Autonomous Institution “Glavgosexpertiza of Russia” to the Design Documentation and results of engineering surveys for Udokan Mining and Metallurgical Plant Stage 1 with the capacity of 12 mtpa of ore.

Baikal Mining Company and Dalstroymekhanizatsia OJSC signed a contract for the full package of construction works to build one of the key infrastructure facilities of Udokan Mining and Metallurgical Plant — access road from Novaya Chara railway station to the plant site.

According to the Order of the Directorate of Rosprirodnadzor (Federal Service for the Supervision of Use of Natural Resources) for Zabaikalye Region,  the state environmental expert committee of the federal level approved design documentation for Udokan Mining and Metallurgical Plant Stage 1 with the capacity of 12 mtpa of ore.

Central Committee for Solid Mineral Deposits Development of Rosnedra has approved “Udokan Copper Project Development. Udokan MMP Mining Complex” Technical Project presented by Baikal Mining Company. 

MOSCOW (Reuters) - Baikal Mining Company, operator of Russia’s biggest untapped copper deposit Udokan, plans to raise $1.25 billion (951.76 million pounds) in project financing from a Russian bank by the start of 2019, its chairman, Valery Kazikayev told Reuters. 

Governor of Zabaikalye Region Natalya Zhdanova, Chairman of the Board of Directors of Baikal Mining Company Valery Kazikaev and President of Zabaikalye regional public organization Russian Association of Indigenous Peoples of the North Inna Ferko signed a cooperation agreement.  Natalya Zhdanova and Valery Kazikaev also signed a separate agreement for cooperation in environmental protection.