Major Investment Projects

Development of the Kyuchus deposit

Operator/Initiator
Seligdar

Deadline
2021–2030

The gold reserves at the site amount to 175.3 tonnes, and the resource potential is estimated at more than 250 tonnes. According to preliminary estimates, after putting the concentrating plant into operation and reaching design targets in 2029, production of 10–15 tonnes of gold per year is planned at Kyuchus.
In August 2023, the license was obtained for the geological study of the flanks of the Kyuchus ore field. The forecast resources of the site of the category amount to 32.8 tonnes of gold.
To date, exploration drilling has been completed, in total more than 110 thousand cubic meters have been drilled. The reserves of the deposit amount to 175 tonnes of gold, after further exploration of the deposit and its flanks, reserves are expected to increase to 250–280 tonnes of gold.

Development of the Ak-Sug deposit and construction of the concentrating plant

Operator/Initiator
Golevskaya GRK

Deadline
2021–2026

Investment
141,7 bn roubles

Golevskaya Mining Company is realising a project for the development of the Ak-Sug porphyry copper deposit, which is one of the five largest in Russia in terms of reserves of copper (5.1 mil tonnes) and gold (121 tonnes). The deposit is put into operation — the start of ore production is scheduled for 2024, the start of production activities of the concentrating plant and production output is 2026.
The planned ore extraction and processing capacity will be 24 mil tonnes per year.
The project is at the initial stage of its development. The construction of the concentrating plant has not yet begun.
In June 2023, construction of a power line for the Ak-Sug concentrating plant has been started.

Construction of the Baimsky concentrating plant and development of the Peschanka deposit

Operator/Initiator
Chukotsvetmetstroy

Deadline
2028

Investment
$8 bn

The resources of the Baimskaya Ploshchad are estimated at 23 mil tonnes of copper and 2 thousand tonnes of gold. The future production will be designed to process 70 mil tonnes of raw materials per year.
To date, a contract has been signed for the construction of a factory and the supply of basic process equipment. The infrastructure is being prepared.
The construction of the concentrating plant is expected to be completed in 2028.

Construction of a new concentrating plant at the South Kurasan and West Kurasan deposits

Operator/Initiator
Yuzhuralzoloto GK

Deadline
2026

Investment
18 bn roubles

The project is being developed within the framework of the Yuzhuralzoloto (YUGK) development strategy. The forecast reserves of the concentrating plant facilities are estimated at 60 mil tonnes of ore, which contain 80 tonnes of gold and 250 tonnes of silver. When the company reaches the designed ore processing capacity of 4 mil tonnes per year, the factory will produce 3.5-4 tonnes of gold annually.
In addition to the construction of a gold mine the project provides for the creation of a factory of appropriate infrastructure, including the construction of a complex of treatment and water intake facilities, an energy substation, various technological, administrative and household facilities and structures as well as construction of 110 kV electric lines, gas pipelines and new roads.

Development of the Yeshlik I deposit

Operator/Initiator
Almalyk Mining and Metallurgical Plant

Deadline
2030

Investment
$4,4 bn

The project is being developed in three stages: at the first stage – 2017–2024, a quarry will be commissioned, where 65 mil tonnes of ore will be extracted per year, a copper concentrator-3 with a processing capacity of 60 mil tonnes of ore will be built, the infrastructure for this factory, as well as a 650 megawatt power system; at the second stage, in 2024–2028, the production of 400 thousand tonnes of cathode copper, 40 tonnes of gold and 270 tonnes of silver will be achieved; at the third stage, by 2030, the production of cathode copper will reach 500 thousand tonnes, gold – 50 tonnes, silver – 300 tonnes.

Industrial development of deposits of polymetallic ores Shalkia

Operator/Initiator
Consolidated Construction Mining Company

Deadline
Deadline
Production is scheduled to be started in 2026.

Investment
$2,17 bn

According to preliminary estimates, the forecast operational resources of the Koksai deposit amount to 823.7 mil tonnes of ore, including 3.5 mil tonnes of copper with an average content of 0.42%, 63.7 tonnes of gold and 865 tonnes of silver.
Taking into account the low copper content, it is planned to build a concentrating plant (GOK) with a processing capacity of 50 mil tonnes of ore per year for the development of the deposit.

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