Investors to put 35.2 bln rubles into Angaro-Yenisei gold deposits
KRASNOYARSK. Dec 6 (Interfax) - Investors plan to invest 35.2 billion rubles in the development of four gold deposits of the Angaro-Yenisei cluster in Krasnoyarsk Territory, the regional investment and innovation ministry told Interfax.
CJSC Polyus Gold Mining Company, a division of Polyus Gold, plans to invest 13 billion rubles in expanding the capacity of the mining and milling operation at the Blagodatnoye deposit to 8 million tonnes of gold ore per year from 6 million tonnes, according to the regional authorities.
Blagodatnoye produced 290,000 ounces of gold in the first nine months of 2012.
LLC Amikan Mining Company plans to invest about 12.6 billion rubles in the development of the Veduginskoye hardrock gold deposit with construction of a mine and processing plant that will have design capacity of 1.1 million tonnes of ore per year.
Veduginskoye has reserves of about 2.8 million ounces of gold at an average grade of 4.92 g Au per tonne.
LLC Novoangarsky Enrichment Plant is investing 4.5 billion rubles in the Udereiskoye gold and antimony deposit, where it plans to build a mine and processing plant with capacity of 0.5 million tonnes of ore per year.
LLC Sovrudnik is investing 5.1 billion rubles in the Noibinskaya hardrock gold field, where there are plans to build several open-pit mines and a common crushing and sorting complex with capacity for 3.1 million tonnes of ore per year.
It was reported earlier that Krasnoyarsk Territory has prepared an application to the Investment Fund of Russia for co-financing of the project to create the Angaro-Yenisei cluster for 2012-2021. The overall cost of the project is 272.1 billion rubles, of which 216.4 billion rubles are supposed to come from private investors.
The region is asking the Investment Fund to provide 45.7 billion rubles for infrastructure development at the cluster and is prepared to allocate 10 billion rubles of its own funds for this purpose.
The project calls for construction of new and development of existing mining and processing operations for gold, copper, nickel and magnesite; the construction of a major forestry complex (278,500 cubic meters of sawtimber per year); a metallurgical plant (420,000 tonnes of rolled products per year); and the Nizhneangarsk hydropower plant.
Infrastructure projects include construction of a bridge across the Yenisei River, several roads totaling 642 km and 443 km of power lines.
The Angaro-Yenisei cluster project will be presented at the tenth Krasnoyarsk Economic Forum.
