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Russia will become the world leader in gold mining by 2025

Russia will become the world leader in gold mining by 2025
Photo: pixabay.com

Russia will take first place in the world in gold mining by 2025. The growth rate of gold production in the country for the next five years will be about 1-2%.

As the NEDRADV, this forecast was made by the chairman of the Union of Gold Producers of Russia Sergei Kashuba in his speech at the Eastern Economic Forum. The forecast is based on the launch of refractory ore processing projects. So, in 2020, the export of gold in concentrates amounted to approximately 13,8 tons.

In the near future, a number of large refractory ore deposits are expected to be commissioned - Kyuchus, Itakinskoye, Veduga and Nezhdaninskoye. It is also planned to increase the growth in the processing of third-party concentrates using the autoclave oxidation technology. In addition, the Sukhoi Log project is expected to be launched with production volumes of 60 tons of gold annually, which will keep production at a stable level. 

In 2020, the volume of gold production in Russia amounted to 362,7 tons of gold mined and obtained as a result of associated production, including the processing of scrap and waste, as well as in concentrates. The reduction was 1% compared to 2019.

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