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Chita
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Vladivostok
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The second phase of the Khabarovsk gold deposit will not - Polymetal

Polymetal has decided to abandon the expansion of the Albazino gold deposit in the Khabarovsk Territory, Interfax reported, citing the company's general director Vitaly Nesis.

“Everything has already been made, the decision has been made - there will be no second stage, because the entire mining plan has been revised so as to work at the existing processing facilities,” Nesis said.

In early September, Polymetal stated that in connection with the acquisition of Kyzyl (Kazakhstan), the company decided to revise priorities for other projects: initiate the development of the Svetloye project (Khabarovsk Territory), but suspend work on the Albazino-2 project, reduce development work on gold projects Kutyn (Khabarovsk Territory) and Maminskoe (Sverdlovsk Region).

At the same time, Polymetal stressed in his message, with available financial resources, the company is ready to return to consideration of the Albazino expansion project. Albazino-2 promised to become the main development project for Polymetal. Mineral resources are estimated at 25 million tons of ore.

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