Polyus Gold to deliver mills to Natalka in April
MOSCOW. Dec 29 (Interfax) - Polyus Gold International Ltd (PGIL), the company that controls leading Russian gold miner OJSC Polyus Gold , will deliver a SAG mill and a ball mill to the site of the mining and processing complex being built at the Natalka deposit in April 2013.
This will be one of the key stages in the construction of Russia's largest gold mining operation, company CEO German Pikhoya told reporters.
Shipment of the equipment from Austria began last week. The mills will be delivered to the port of Magadan in March 2013 and will reach the site in April. Assembly of the equipment will be completed in the third quarter.
PGIL signed a EUR36.2 million contract for the mills with CEMTEC Cement and Mining Technology GmbH Austria (CEMTEC) in March 2012.
It was reported earlier that the launch of the first phase of the Natalka operation, with production capacity of 10 million tonnes of ore per year, is scheduled for December 2013. The complex will reach design capacity in 2014. Capital expenditures on the first phase are estimated at $1.1 billion. In future, Natalka's capacity could be expanded to 40 million tonnes of ore per year.