Chinese companies to develop gold, silver in Russia’s Kolyma

Under the agreement Chinese specialists will study the prospects for the development of lead and zinc deposits in the Susuman and Omsukchan districts of the Magadan Region with the intentions to conduct geological prospecting and involve the explored deposits in development, the press service of the Kolyma authorities reported on Monday. The second agreement is targeted at geological prospecting with further development of antimony, mining silver and gold at the deposits in the Olsk district.

Director General of China Nonferrous Metal Industry's Foreign Engineering and Construction Company Wang Hongqian said that the corporation cooperates efficiently with 30 countries and now "the Chinese side is very satisfied that the Magadan Region was put on the list of its business partners"; Kazinform cites Itar-Tass.

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