A resident of Kamchatka PDA (Priority Development Area) will build a gold mining and processing plant at the Kumroch deposit
There is a
plan to build a mining and processing plant (MPP) in 2026, the planned capacity
being of up to 600,000 tons of ore.
Agreement
on Implementation of Investment Activities in Kamchatka PDA was signed at the
VII Eastern Economic Forum in Vladivostok between the Russian Far East and
Arctic Development Corporation (ERDC) and JSC Bystrinskaya Mining Company (BMC)
(BMC is a part of Atom Gold). The document was signed by Mr.Nikolai Zapryagaev,
General Director of the ERDC, and Mr.Valery Borisov, General Director of Atom
Gold, in the presence of Mr.Alexey Chekunkov, the Minister for the Development
of the Russian Far East and Arctic. The project provides for the construction
of the first stage of a mining and processing plant (MPP) at the Kumroch
deposit in the Ust-Kamchatsky Municipal District in Kamchatka PDA. After
signing the agreement, the investor, having an official status of Kamchatka PDA resident, will start
construction of the MPP and development of the Kumroch deposit. The investor
plans to employ 1,000 people. The MPP
start-up is scheduled for 2026.
According
to the State Reserves Committee (GKZ), the reserves of the Kumroch deposit
amount to 48 tons of gold. By 2026, the capacity of the Kumroch MPP will reach
up to 600,000 tons of ore and up to 4 tons of gold per annum. The project implementation phase, until 2036,
will bring tax revenues amounting to about 13.4 billion rubles, partially going
to the regional and local budgets.
Mr.Nikolay
Zapryagaev, General Director of the Far East and Arctic Development
Corporation, noted that Bystrinskaya Mining Company, being a resident of the
PDA, will receive tax and administrative preferences, as well as infrastructure
support for the project implementation period from the RF Ministry for the Far
East and Arctic Development and the Far East
and the Arctic Development Corporation.
Nikolay Zapryagaev
General Director of the Far East and Arctic Development Corporation
Valeriy Borisov
CEO, Atom Gold
Bystrinskaya
Mining Company is the license-holder and the operator of the Kumroch project,
one of the largest gold deposits in Kamchatka Krai. The orefield is located in
the eastern part of the Kamchatka Peninsula in the Ust-Kamchatsky District, 50
km from the Kamchatka Bay. The distances to the nearest settlements are:
Klyuchi — 100 km, Ust-Kamchatsk — 130 km, Petropavlovsk-Kamchatsky — 450 km.
The Kumroch project presumes building of a state-of-the-art high-tech gold
mining and processing plant in Kamchatka Krai by 2026. The ongoing project
phase includes additional geological exploration to update reserves evaluation,
as well as designing and engineering of infrastructure facilities. Atom Gold
owns 75% minus 1 share of JSC Bystrinskaya Mining Company. In 2022 Bystrinskaya
Mining Company became the major industrial partner of the production-and-training cluster in Kamchatka
Krai as part of the federal project «Professionalitet».
Specialists for mining industry will be trained on the basis of the Kamchatka Polytechnic Vocational School. Investments
in the personnel training project in Kamchatka Krai will include the federal
grant of 100 million rubles, 30 million rubles from the regional budget, 100
million rubles invested by Bystrinskaya Mining Company until 2024.
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