The mining and metallurgical company Polymetal received official approval from Glavgosexpertiza to begin the first stage of construction of an underground mine at field Veduga in the Krasnoyarsk Territory. This is a key step to launching a large-scale project.
At the first stage, the company will begin mining ore at a depth of up to 305 meters. The total volume of planned mining and capital works is 300 thousand cubic meters. The Veduga development project is complex and includes not only underground, but also open-pit mining. The plans also include the construction of a modern enrichment plant. Its design capacity will be 2.2 million tons of ore per year.
A special feature of the deposit is its refractory ores, which require special processing. To enrich them, it will be necessary to use primary fine grinding technology before froth flotation. The commissioning of the enrichment plant is now expected in 2026. The project is part of the complex investment project “Yenisei Siberia”.
The total volume of capital investments in the development of Veduga is estimated at $447 million. The mine is projected to produce an average of 200 thousand ounces annually gold, which is equivalent to 6.2 tons. For comparison: Polymetal’s total production in 2024 was about 40 tons of gold equivalent. The new field will significantly strengthen the company’s position in the market.
The material was prepared with the support of the Russian Ministry of Education and Science as part of the Decade of Science and Technology.
Source: @nerzhavey
