GeoProMining upgrades equipment and roadway at Sarylakh-Surma

Posted on Aug 24, 2011 in Company news, News and Press releases

24 August 2011, Moscow

GeoProMining (“GPM” or “the Company”), a diversified international mining group, has obtained new equipment for its Sarylakh-Surma mining complex as part of the company’s ongoing modernization programme.

In its most recent upgrades to the Sarylakh-Surma fleet, the company has purchased eight new pieces of equipment, including dump trucks for transporting ore, antimony concentrate and coal, a fuel tanker and a crane for construction and renovation work. The new equipment is expected to reduce costs by allowing Sarylakh-Surma to decrease the use of hired machinery.

The Company also repaired a 30 km tract of municipal road that connects the village of Sarylakh with the Kolyma federal highway. The road, which had been damaged by torrential rains, is used by the Company to transport employees and cargo. GeoProMining carefully monitors the road, which passes through challenging terrain. The Company is grading and filling the roadway, clearing debris and widening narrow areas where the road passes along cliff walls.

These activities are intended to support the year-round operations of the Sarylakh mine. GeoProMining has undertaken important modernization and upgrade projects at these assets in the Republic of Sakha (Yakutia), with the goal of improving the state of the equipment.

Press Contacts:

Natalia Yanborisova

Tel: +7 (495) 232 6120

Email: ny@geopromining.com

 

Notes to editors

GeoProMining, founded in 2001, is an international, privately held company with a diversified base of metals assets.  Its production capacities include Dore gold bars, as well as copper, molybdenum and antimony concentrates.  GeoProMining engages in mining activities in Armenia, Georgia and the Russian Federation.