PJSC Rusolovo (part of PJSC Seligdar) won a license for a tin deposit on the Mlelyuvey River at the auction held on September 28. The concession is located in the Chaunsky area of the Chukotka Autonomous District.
The initial cost of the auction was determined at 31.023 million rubles. The company offered 40.329 million rubles for the deposit, nedradv.ru reports.
According to the auction documentation, the estimated resources of placer tin are estimated at 677 tons.
Rusolovo develops tin mining and processing projects in two regions of the Far East: Khabarovsk Territory and Chukotka. The total amount of investments provided for the development of projects is 38 billion rubles.
With these funds, the company will build a metallurgical plant in the Khabarovsk Territory, and also launch the Pyrkakay Stockwork tin deposit in Chukotka.
Alex Shishlo for Rough&Polished
