The authorities of the Magadan region and the Southwest mining company (People's Republic of China) have signed an investment agreement on the construction - by China in 2015, for 400 million rubles - of mining and processing works on antimony and silver mines in Kolyma.
Construction.ru reported via the regional press service that the Chinese will construct 130 km of road from the "Utro - Morning" fields (antimony and silver) and the "Senón" and "September" (gold and silver) fields to the work settlement in the Tenkinsky area. The Southwest mining company, according to the obtained license, is already carrying out exploratory work to approve stocks in the state commission on mineral reserves and work on the selection of the land plot and building site is being carried out at the same time. All the necessary project work is at the registration stage. The Magadan region occupies first place in Russia for silver mining and fourth for gold mining. In 2014, 24.1 tons of gold and 961 tons of silver was mined in the region.