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OJSC "Atomredmetzoloto" intends to begin industrial production of lead-zinc ores in the Arctic in 2019

The uranium holding of the state corporation Rosatom JSC Atomredmetzoloto (ARMZ) intends to begin industrial production of lead-zinc ores in the Arctic archipelago Novaya Zemlya in 2019, ARMZ reports.

Earlier it was reported that ARMZ will build a plant for processing lead-zinc ores on the South Island of Novaya Zemlya, which will become the northernmost mining enterprise in the world. The estimated design capacity of the future enterprise will be over 2,5 million tons of ore per year.

The operator of the project will be ZAO First Mining Company (a subsidiary of ARMZ), which received a license in May of this year for exploration and production of lead-zinc ores at a federal subsoil site in the Arkhangelsk Region. The site includes the Pavlovskoye field, one of the largest polymetallic fields in Russia. Rusburmash CJSC was designated as the executor of the whole range of geological exploration at the stage of field exploration.

“In 2014, the second stage of field work at the Pavlovskoye deposit was completed. In the harsh arctic conditions, 20 running meters were drilled, the reserves of lead-zinc ores were calculated. Next year, the approval of a feasibility study for the permanent exploration conditions and reserves of the deposits ... planned for 2019, "ARMZ said in a statement.

ARMZ is one of the leaders of the world uranium market, ranks second in the world in terms of the volume of the uranium mineral base. The holding implements a number of uranium and non-uranium projects at different stages of development, from geological exploration to intensive industrial exploitation. ARMZ has unique competences in the field of uranium mining: the company has many years of experience in the development of deposits in a wide variety of geoclimatic conditions. In 2013, the holding produced 8,2 thousands of tons of uranium at enterprises in Russia and abroad.

Since December 2013, under the management of ARMZ, Russian uranium mining assets have been concentrated.

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