Combining their expertise, IHC and IGT will work together on business development, consultancy proposals and the execution of consultancy services.

The agreement is the culmination of long-term cooperation between both companies on a number of Russian mining projects. IHC and IGT will combine their R&D, consultancy, design, and engineering support services in the areas of mineral exploration, mining and processing.

This will help to facilitate exploration and deposit development for a number of commodities. Alongside joint projects for a number of Russian mining companies, the initial focus will be to explore and develop opportunities in the field of Russian tailings.

IHC's mining expertise includes wet mining, slurry transportation, material handling and mineral processing for a range of mining applications including heavy minerals, tailings rehabilitation, oil sands, gold, diamonds, tin, and aggregates. Its in-house consulting team advises customers about project development, as well as operational and performance improvements.

In addition, IGT provides specific geotechnical knowledge, and expertise on the Russian market, culture and language.