The Chukotka Autonomous Okrug will allocate 1 trillion rubles for the development of the Baimsk ore zone. This was stated by the General Director of the Baimskaya Management Company Georgy Fotin at a forum dedicated to the mining industry.
Over the past five years, more than 260 billion rubles have already been invested in the project. Financing continues within the framework of the VEB.RF program – “Project Financing Factory”.
Development of the field began in 2019. The first stage of the Baimsky GOK is planned to be launched in 2029 – its capacity will be 35 million tons of ore per year. The second stage, with a capacity of 70 million tons, should start operating in 2030.
According to Fotin, direct flotation technology will be used in production, and ore mining will be fully automated – only unmanned equipment will operate.
The Baimskaya ore zone is located in the Bilibino region of Chukotka. Proven reserves of the Peschanka deposit include 9.5 million tons of copper and 16.5 million ounces of gold. In May 2024, the management company Ruscapital from St. Petersburg became the owner of the project.
The Peschanka deposit, part of the Baimskaya ore zone, is also significant in that it was here that our editor-in-chief’s first field work took place Maria Kostina.
Source: @nedradvnews
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