DEVELOPMENT OF THE FEDOROVA TUNDRA DEPOSIT AND CONSTRUCTION OF GOK
About the project: The Fedorova Tundra deposit development project provides for construction and operation of a mining and processing plant for production and treatment of complex polymetallic ores in the Lovozersky District. The balance reserves of the deposit amount to 260.5 mill tonnes of ore containing 348 tonnes of platinoids, 17.9 tonnes of gold, 190.4 thousand tonnes of nickel, 276.8 thousand tonnes of copper.
The deposit will be developed with open-pit method in three pits – Vostochny-1, Vostochny-2 and Zapadny, located in close proximity to each other.
The project will be developed in three stages: construction (about three years), operation (about 21 years), mine closure and land reclamation (about two years).
The following facilities will be built: a concentrating mill, a tailings dump, waste dumps and ore warehouses, offices and residential premises, as well as facilities for maintenance and repair of vehicles and equipment.
Initiator: Fedorovo Resources
CONSTRUCTION OF AMUR HYDROMETALLURGICAL PLANT-2
About the project: AGMK-2 is aimed at processing of double-refractory ores and should ensure 100% processing of such types of ores at Polymetal’s facilities.
Total gold production: up to 600 thousand ounces per year, 4.3 million tons during the first 23 years of operation.
The total volume of concentrate processing: up to 300 thousand tons per year.
Timeframe: Production start – Q3 2023, nameplate capacity – end of Q4 2023
DEVELOPMENT OF THE MURUNTAU QUARRY
About the project: Navoi Mining and Metallurgical Company will allocate $445.9 million of own funds for the projects. The Uzbekistan Fund for Reconstruction and Development (UFRD) will provide the credit for $288 million.
Project development will enable to increase production to 47 million tons of ore per year.
Initiator: Navoi Mining and Metallurgical Plant
The feasibility study provides for the Phase 5 of the Muruntau quarry (the first stage).
DEVELOPMENT OF THE KYUCHUS DEPOSIT
About the project: The Kyuchus deposit is located beyond the Arctic Circle, on the territory of Verkhoyansk and Ust-Yansky uluses of the Republic of Sakha (Yakutia). The gold reserves at the site amount to 175.3 tons, and the resource potential is estimated at more than 250 tons.
According to the auction terms, the company is obliged to extract at least 10 tons of gold per year from the date of reaching the nameplate capacity and, no later than June 30, 2028, start using nuclear power generation of at least 35 MW, which will be supplied by a low-power nuclear power plant in Yakutia.
Initiator: White Gold Company (a joint venture between Rostec and Seligdar)
Timeframe: The development auction has been won
CONSTRUCTION OF KHVOINOYE GOLD-PROCESSING FACTORY
About the project: The Khvoinoye gold deposit belongs to the Nizhneyakokitskoye ore field. The balance reserves amount to 16.8 tons of gold. Seligdar Holding intends to build a gold beneficiation plant with a capacity of 3 million tons of ore per year to process the ores from the deposit.
Timeframe: Start of construction – 2021, commissioning – 2023
CONSTRUCTION OF A MINING AND METALLURGICAL PLANT TO DEVELOP GOLD DEPOSITS IN THE ZHAMBYL REGION
About the project: It is planned to build a mining and metallurgical plant to develop gold deposits of Karatas-Maybulak site in the Zhambyl region. Nameplate capacity is up to 10 tons of gold per annum. This productivity will convert Monterra into the largest project among such factories under construction in Kazakhstan. Geological exploration works took 5 years.
Initiator: Monterra Group AG
Timeframe: 2021 – 2023