Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Access has been restored to China Nonferrous's Pakrat gold project

It's taken a couple of months to clear the snow but the flooding is going to take longer to address
Flood
Certain sections of the mine below 2,230 metres remain flooded

Access has been restored at China Nonferrous Gold Limited’s (LON:CNG) Pakrat gold project in the Republic of Tajikistan after the late February avalanche.

Renovation of the damaged buildings is in progress and a temporary external power restoration program is underway with power supply to the mine expected to resume later this month.

READ China Non-Ferrous Gold says avalanche at Pakrut mine to "significantly" affect gold production

The snow has been melting and while this has helped in gaining access to the mine above ground, it has resulted in certain sections of the mine below 2,230 metres being flooded.

Drainage cannot take place until the power supply is resumed, and will take time to complete so operations at the mine are not expected to return to normal until the fourth quarter of this year.

The company said discussions with its insurance provider remain in progress.

John-H.jpg


Register here to be notified of future CNG Company articles
View full CNG profile View Profile

China Nonferrous Gold Limited Timeline

Related Articles

Mowana copper mine
May 12 2017
A Competent Persons Report has also been published which takes Alecto one step closer to resuming trading on AIM
Gold bars and dollar bills
April 21 2017
Processing extra material from South America could help to push Goldplat to the next level in terms of production
GoldPour_58ebf21f63b50.jpg
April 19 2017
With shares up in 165% in 2016, it was safe to say it was a comeback year for GORO.

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use