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EastRussia Bulletin: New gold mining projects are being worked out in the Angara region - EastRussia | Far East

Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

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Yuzhno-Sakhalinsk

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Moscow

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EastRussia Bulletin: New gold mining projects are being worked out in the Angara region

EastRussia Bulletin: New gold mining projects are being worked out in the Angara region
Photo: EastRussia
A number of gold mining projects are planned to be developed in the Irkutsk region, according to the next published issue of the EastRussia bulletin.

Thus, PJSC Polyus (82,44% owned by PGIL, whose beneficiary is S. Kerimov) intends to launch the Suhoy Log (Bodaibo District) gold deposit to the 2026 year, subject to a positive investment decision and securing financing. The company has already completed a drilling drilling program in the amount of 43 thousand running meters. Based on the obtained data, the preliminary parameters of the project are calculated. According to the expectations, the capacity of the mill at the field will be 30 million tons of ore per year. The average annual production will be 1,6 million ounces of gold. Planned capital construction costs are estimated at $ 2-2,5 billion.

The management of Polyus expects to make the final investment decision in 2020-2021. At the moment, the estimated resources of the field are estimated at 58 million ounces. Preparation of the evaluation of measured and identified resources is expected in the fourth quarter of this year. Estimation of probable and proven reserves of ore is planned to be provided in 2020 year. Before the deposit is put into operation, it is planned to spend about $ 30 million per year on geological surveys. Recall that the license for the development of Sukhoi Log in 2017 was awarded to SL Golden, a joint venture between PJSC Polyus and RT Business Development LLC (a subsidiary of Rostek Group of Companies).

In the meantime, JSC Polyus Verninskoye, which is also part of PJSC Polyus, was approved by Glavgosexpertiza for the implementation of two projects at the Verninskoye gold deposit (Bodaibinsky district). The first project involves the reconstruction of the tailing dump, the second - the construction of a water intake on the basis of the field to provide water to the facilities of GOK "Verninskiy" and, in the future, Kropotkin village, which is the closest settlement to the enterprise. The project for the construction of the water intake provides for the construction of a site on the Teply Stream, the construction of a transformer substation, the water pipeline route, three access roads and power lines.

In addition, an updated assessment of mineral resources for the development of the Krasnoye gold deposit (also Bodaibo District) has been published. The development of the deposit is a joint project of the Swedish company Kopy Goldfields (49%) and Russian PJSC Vysochaishy (51%). According to the report of Kopy Goldfields, the resources of the field for the year increased by 32% - to 1 832 million ounces of gold (56,953 t). At the moment, the probable reserves are 257 thousand ounces (7,999 t). "Vysochaishy" plans to start designing GOKa in the field before the end of this year.

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