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EastRussia Bulletin: IRC in 2018g plans to start development of Sutara - EastRussia | Far East

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EastRussia Bulletin: IRC in 2018g plans to start development of Sutara

EastRussia Bulletin: IRC in 2018g plans to start development of Sutara
Photo: EastRussia
OOO Petropavlovsk-Ferrous Metallurgy (IRC Ltd, the only producer of iron ore in the Far East, the main shareholder - the Petropavlovsk group) expects to start mining ore at the Sutarsky iron ore deposit in the Jewish Autonomous Region by the end of this year, the EastRussia bulletin says. The balance reserves of iron ore of the deposit are estimated at 491,2 million tons. Previously, the amount of investment in the project is estimated at 1,6 billion rubles.

At the present time, design and survey work is being carried out for the development of the deposit. The launch of new production facilities is not expected until 2022 year. The commissioning of the Sutarskoye field will allow the launch of the second phase of one of the company's main assets - the Kimkano-Sutarsky GOK, due to which the production capacity of the enterprise will increase to 6,2 million tons of concentrate per year. At the moment, GOK operates at 70% of capacity, in the second half of this year it is planned to reach a capacity of 3,2 million tons of iron ore concentrate per year. Deep ore enrichment and subsequent shipment is expected to be carried out at the operating concentrator of the GOK and the railway station built for it.

In the future the company plans to develop one more iron ore deposit in the region, Kostenginsky, whose reserves are of the order of 164 million tons of ore. In addition, the possibility of developing the Garinsky iron ore deposit in the Amur region (in 150 km to the north-east of the city of Svobodny) is not ruled out, if the issue of transport accessibility is solved (it is necessary to build a railway between the Baikal-Amur Mainline and Transsib).

"Petropavlovsk - Ferrous Metallurgy" is mining ore at the Kimkan field, supplying iron ore concentrate for export to the PRC.

A detailed analysis of this and other relevant topics can be found in the weekly bulletin EastRussia (https://www.eastrussia.ru/subscribe/).