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EastRussia Bulletin: FRDV to invest up to five billion rubles in Mine No.6

EastRussia Bulletin: FRDV to invest up to five billion rubles in Mine No.6
Photo: EastRussia

In the Trans-Baikal Territory PJSC Priargunsky Industrial Mining and Chemical Association (PIMCU) is developing a project for the construction of Mine No. 6 in Krasnokamensk. The Far East Development Fund (FRDV) intends to invest up to five billion rubles in the construction of the mine, according to the next published issue of the EastRussia newsletter.

Recall that the PIMCU intends to develop reserves of the Argun and Zherlov deposits of the Streltsov ore field. The amount of investment is estimated at 18,3 billion rubles. At the same time, the Russian-Chinese Regional Development Investment Fund (IGDF), during the implementation of the first phase of the project, will invest 2,5 billion rubles in the construction of ground-based infrastructure and the re-conservation of underground mining.

In the 2020 year, the PIMCU intends to complete the design of the mine, completing underground work by the end of this year. In the second turn, the IFRD will invest about 14 billion rubles. In 2024-2026 years, it is planned to complete the complex of mining and capital works. The company plans to mine 350 thousand tons of uranium ore per year, and after reaching its design capacity - 850 thousand tons of ore annually.

Detailed analytics on this and other relevant topics can be found in EastRussia Weekly Newsletter.