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Lyudmila Vysotskaya: Amber is a mystical stone, a living substance

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De Beers shines light on budding jewellery designers

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Russia to increase gold production

15 september 2023

Plans to develop new gold deposits in the Trans-Baikal and Khabarovsk Territories of Russia, as well as in the Magadan region were announced on the sidelines of the Eastern Economic Forum in Vladivostok.

In the Trans-Baikal Territory, there are plans to invest in the development of the Ikabya-Chitkandinskaya and Ushumunskaya fields. The first one contains various deposits of copper, gold and silver. The projected resources are estimated at 11.2 million tons of copper, 391 tons of gold, 23.600 tons of silver, the regional government reported. The resources of the second site are 100 tons of gold.

To extract resources, investors are ready to invest 16 billion rubles in the projects.

In the Khabarovsk Territory, production is going to start at the Chulbatkan field. The project will be handled by PJSC Polyus, the largest gold producer in Russia. The mine is to become operational after 2029-2030.

In the Magadan region, the Cedar and Verkhne-Khakchanskoye deposits will be put under development. They are part of the Magadan mining cluster, and after 2026, when the processing plant will be put into operation, they will bring a total of 5 tons of gold per year. The reserves are estimated at 150 tons, and the life of mine is expected until 2043. Investments will exceed 10 billion rubles, dprom.online reports.

Alex Shishlo for Rough&Polished