Udokan Copper has signed a EUR 4,5 mln agreement on social and economic cooperation with the Government of Trans-Baikal Territory of Russia and the Administration of Kalar Municipal District, where the Udocan copper deposit is located.

VEB.RF, Gazprombank, Sberbank, and Udokan Copper, a part of the USM diversified holding company (founder and principal shareholder – A.B. Usmanov), have signed a cooperation agreement to fund the second stage of the Udokan copper deposit development.

Udokan Copper has launched the development of its own climate program, covering direct and indirect emissions of all classifications (Scopes 1, 2 and 3), carbon intensity of production and product carbon footprint.

Russia’s Deputy Prime Minister, Presidential Plenipotentiary Envoy to the Far Eastern Federal District Yuri Trutnev, with Minister for the Development of the Russian Far East and the Arctic Aleksei Chekunkov, Trans-Baikal Territory Governor Alexander Osipov, and Udokan Copper Board Chairman Valery Kazikaev in tow, has inspected the construction sites of the Udokan Mining and Metallurgical Plant, one of the largest and most ambitious projects in the Far East.

The sixth ore-grinding mill made by the Finnish company Outotec, a leader in sustainable minerals and metals processing and recycling technologies, has been installed in the grinding department building at the construction site of the Udokan Mining and Metallurgical Plant.

Udokan Copper LLC has started the installation of equipment at the construction site of the thickening and decantation area.

Udokan Copper has started the installation of belt conveyors with a total length of over 2.8 kilometers, from the coarse crushing building to the process plant, where ore is processed deeply.

Udokan Copper has started the installation of vertical metal structures - columns at the future electro winning area.

Udokan Copper initiated a package of preparation works at the transportation & storage facility construction site near Novaya Chara railway station of the Baikal-Amur Mainline.