UrBC, Yekaterinburg, February 29, 2016. Mikheyevsky Ore Mining & Processing Enterprise (a member enterprise of Russian Copper Company) reports on the first benchmark in their development of Mikheyevsky copper-porphyry ore deposit: the mine is now one hundred meters deep, Russian Copper Company’s press service reports.

Mikheyevsky was set up in 2013 to become the largest ore mining and processing enterprise to be built from scratch in the post-Soviet zone.

The company currently extracts copper ore from 107 meters under the ground. By the time the deposit has been fully exhausted, the mine will be 380 meters deep and some 3,000 meters long. The amount of ore there is now estimated at 400,000,000,000 kg, while the enterprise’s capacity stands at 18,000,000,000 kg of copper ore a year.