JV “Rostec” and “Seligdar” will buy the largest gold deposit in Yakutia

by time news

LLC “White Gold” won at the auction the largest gold deposit in Russia from the unallocated fund – the Kyuchus site in Yakutia. This was reported in a press release published on Friday on the Rosnedr website.

The auction ended at 7.735 billion rubles, starting at just over 2.2 billion. Two additional conditions were set before the winner of the auction: first, the annual gold production must be at least 10 tons from the moment of reaching the design capacity. Secondly, to supply power to the field, the company will have to start using electricity from a low-power nuclear power plant in Yakutia for power supply.

The Kyuchus field with an area of ​​3.35 sq. km. – the second largest in Yakutia after Nezhdaninsky – located in the Ust-Yansky and Verkhoyansk regions of the republic. Its balance reserves reach 175.3 tons of gold, and the resource potential exceeds 250 tons. Silver reserves were also discovered in Kyuchus.

The White Gold Company is a joint venture between the Russian Technologies State Corporation and the Seligdar Holding, which includes gold and tin mining companies. Last year, Rostec, represented by its subsidiary RT-Business Development, received 33.3% of White Gold. The remaining 66.7% belong to the Gold Assets Management company, in which 51% belongs to Seligdar, and 49% belongs to the ex-head of Gazprom Tsentrremont Dmitry Doev.

.

You may also like

Leave a Comment