ID :
93807
Tue, 12/08/2009 - 17:45
Auther :
Shortlink :
https://oananews.org//node/93807
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BOROO GOLD PLEDGES ONE MILLION DOLLARS FOR UB DEVELOPMENT
Ulaanbaatar, /MONTSAME/ Boroo Gold Company is ready to invest USD one million in development of Ulaanbaatar, the capital city.
This was announced by president of Boroo Gold John Kazakov at his meeting with a Chairman of Citizens Representative Meeting of Ulaanbaatar city Mr T.Bilegt.
The Boroo Gold is interested in making investment to projects such as equipping the National Relaxation Park and promoting hospitals.
Centerra Gold has a 100% equity interest in Boroo, the first significant foreign investment for industrial development in Mongolia since 1979. Located 110 kilometers west-northwest of Ulaanbaatar, Boroo began commercial production March 1, 2004, and produced more than 245,000 ounces of gold (including gold produced during commissioning) by year-end.
The Boroo gold deposit is generally flat lying or sub-horizontal and extends over an area measuring 2.5 by 1.5 kilometres. Throughout the area, a series of mineralized zones occur up to 400 metres wide and typically average from 10 to 30 metres in thickness.
S.Batbayar
This was announced by president of Boroo Gold John Kazakov at his meeting with a Chairman of Citizens Representative Meeting of Ulaanbaatar city Mr T.Bilegt.
The Boroo Gold is interested in making investment to projects such as equipping the National Relaxation Park and promoting hospitals.
Centerra Gold has a 100% equity interest in Boroo, the first significant foreign investment for industrial development in Mongolia since 1979. Located 110 kilometers west-northwest of Ulaanbaatar, Boroo began commercial production March 1, 2004, and produced more than 245,000 ounces of gold (including gold produced during commissioning) by year-end.
The Boroo gold deposit is generally flat lying or sub-horizontal and extends over an area measuring 2.5 by 1.5 kilometres. Throughout the area, a series of mineralized zones occur up to 400 metres wide and typically average from 10 to 30 metres in thickness.
S.Batbayar
