“Sukhoy log” got “the Corporation” and “Pole” – News Economy

Print a Joint venture of Rostec and “pole” – “NEXT Gold” – became the winner of the auction for the gold Deposit “Sukhoy Log”, SP will pay to the budget 9,406 billion rubles, said Minister of natural resources and ecology Sergei Donskoi. the Auction was held with one step, the value of the asset grew by 10% (to 855 million rubles). “Of course, the implementation of this major project will have a powerful effect on socio-economic development of the Irkutsk region and the entire region will accelerate the development of related industries. Created in the extraction of gold and silver, the infrastructure will continue to produce and other minerals. The project inv olves further exploration. And we can expect a significant increase in reserves for gold, silver and other raw materials,” – said the Minister.

Applications for participation in the auction for the “Dry Log” was filed by two companies: “LYRICS of Gold” (“rostech” – 49%, “the pole” – 51%) and “Gold Bodaybo”, reports TASS. According to system “SPARK” 58% “Gold Bodaibo” belongs to Ibrahim Palankova (VTB – 42%), the CEO of the company is Sergey Lepeshkin, who was a minority shareholder of Polyus Gold International Limited (the parent company “Pole”) to consolidate the shares of the company structures of the family Kerimov.

the Field “Sukhoy Log” – a subsoil area of Federal significance in the Irkutsk region. During the field development in the region will create a large-scale production for the extraction of 80-90 tons of gold and 20-25 tons of silver per year.

the development of the Deposit would require a capital cost of $ 90-100 billion rubles, says the Ministry of environment. In industrial development and will involve other forms of gold Lena gold district, and deposits of construction raw materials.

More than 80% of stocks of “Dry Ravine” it is possible to work out the most economical in an open way. The term open pit mining of the Deposit quarry will be about 33 years, working out the residual reserves of underground way – 20 years.

the Reserves will last for a period of over 50 years. It will make about 2 thousand tons of gold and 500 tons of silver.