Seligdar estimates Pyrkakay capex at $300 mln, metals plant in Khabarovsk Territory at 10-11 bln rubles
PEVEK. Aug 28 (Interfax) - Seligdar could end up spending $300 million or more on the project at the Pyrkakay stockworks tin-polymetallic deposit in Chukotka, the holding's president, Konstantin Beirit, told reporters in Pevek.
The figure is preliminary, the project has not yet been developed for the area, and the pre-project stage is set for completion in the autumn.
Beirit in its assessments said that the company proceeds from two prerequisites, the first being the availability of energy, and the second being the ability to introduce pre-enrichment of ore, as well as X-ray absorption separation.
"We were able in 2022-2023 to introduce PAC separation plants at our enterprises in the Khabarovsk Territory, which have demonstrated good results. The fundamental question has arisen as to whether the technology could be used for pre-enriching the Pyrkakay stockworks ores. As confirmed, the ore is quite technological, meaning that a RAS-separation unit could be used," Beirit said.
"The final marketable output at Pyrkakay will depend on the quality of the concentrate and the technology," Beirit said.
Rusolovo , part of the Seligdar Russian gold and tin miner, has continued to implement its own metals-production project in the Khabarovsk Territory. The company has chosen a designer, and the project preparation stage should require about six months.
"The construction site for the plant has already been chosen, and is located in the city of Amursk, corresponding to all of the technical and logistical requirements. We expect to spend approximately 10-11 billion rubles," Beirit said.
The company established Amur Metallurgical Plant, a new legal entity, for the project, which could enter the TOP.
The press service of the Khabarovsk Territory government earlier reported that the plant could launch by 2027.
"We expect to start evaluation next winter or spring. I believe that construction could require around two years," Beirit said.
Seligdar's strategy provides for production of 14,000-16,000 tonnes of tin per year by 2030. Seligdar produced 2,900 tonnes of tin in concentrate in 2022.
The Seligdar holding is one of the top 10 largest gold mining companies in Russia. The holding includes a tin cluster merged into Rusolovo and other enterprises in addition to the gold cluster. Management oversees the group.