Polymetal has completed delivery of technological equipment for its subsidiary Okhotsk Mining and Geological Company.
Polymetal Inter-Regional Research and Production Association has completed delivery of technological equipment for its subsidiary Okhotsk Mining and Geological Company, that conducts construction of mine and mill complex at Khakanja gold and silver deposit in Khabarovsk territory. Total cost of the whole set of equipment delivered to the deposit exceeds 15 million dollars. Almost all of it was purchased from the world leading mining equipment producers.
Thus, for example, 4 Supaflo thickeners were manufactured by Outokumpu Mintec Oy (Finland), Merrill Crowe sedimentation plant was produced by Summit Valley Equipment & Engineering (USA) and 28 pumps are from Australian Warman International LTD. Dutch company MINPRO International B.V. supplied Polymetal with Minpro grinding complex, consisting of 2 mills and one DERRICK screening plant. A large set of equipment was purchased from Czech company ALTA. It includes 5 diesel-generators and Wartsila NSD heat waste recovery system, ore preparation complex, ABB equipment for diesel power plant.
A year earlier transportation and digging machines were delivered together with drilling and mining tunneling equipment of such famous companies as Hitachi, BelAZ, Boart Longyear, Ingersoll-Rand etc. Today Polymetal is one of the best-equipped mining companies. Introduction of the latest gold and silver mining technologies and application of modern equipment made company's activity at Khakanja and other deposits even more effective. Khakanja gold and silver deposit was found in 1960, 90 kilometers from Okhotsk settlement in Khabarovsk territory. Development of the deposit began in 1999.
It is developed by Okhotsk Mining and Geological Company. Khakanja balance reserves (C1+C2) are 59,63 tons of gold and 2 668 tons of silver. Recently construction of shift settlement has been finished at Khakanja and now mine and mill complex infrastructure is being developed, ore is extracted from the first quarry of the mine and gold extraction mill with tailings pond are constructed. A 90 km motorway from Okhotsk settlement to the deposit was built. The works are conducted in unusually hard climatic and geological conditions, which demands the implementation of non-standard technical solutions. Thus, the hydrometallurgical plant and gold extraction mill are being built on artificially frozen soil. It is anticipated that the gold extraction mill will be operational in the third quarter of 2003. After reaching full production capacity the enterprise will produce 4 tons of gold and 80-85 tons of silver annually. Total amount of investments into construction of mine and mill complex at Khakanja will make up more than 50 million dollars.
Polymetal Inter-Regional Research and Production Association takes the first place among silver producers in Russia and is in the list of top ten Russian gold producers. Polymetal is a part of ICT group of companies. ICT also includes Opened Joint Stock Company Baltiisky plant, Tikhvin machine-building plant Titran and some other big enterprises. Additional information can be founad at www.polymetal.ru
source: Polymetal press release, 29.10.02