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Four bidders will compete for the Kyuchus deposit
Four companies apply for the Kuchyus deposit in Yakutia. The winner will have to fulfill a number of conditions.
According to the Ministry of Natural Resources of the Russian Federation, applications for participation in the auction for the right to develop the Kuchyus deposit were submitted by Polyus Magadan LLC, White Gold company, Atomredzoloto JSC and the Priargunsky industrial mining and chemical association, which is part of it. Kuchius reserves exceed 175 gold, the resource potential is estimated at 250 tons or more. This is one of the largest deposits of those that have not yet been allocated.
The winning company will have to fulfill a number of conditions - firstly, to guarantee the production of at least 10 tons of gold after reaching the design capacity, as well as to use the electricity of a low-power nuclear power plant, which is expected to be commissioned in 2028.