Kyuchus gold ore deposit

Gold mining

Main article: Gold mining

2021: Rostec received the Kyuchus gold deposit

On October 8, 2021, it became known that the White Gold company, which is a joint venture of Rostec state corporation and the Seligdar polymetallic holding, won the auction for the largest gold deposit in Russia, Kuchus.

According to TASS, citing the Minister of Natural Resources and Ecology of the Russian Federation Alexander Kozlov, the auction ended at 7.735 billion rubles when starting at 2.2 billion. This money goes to the federal budget.

Rostec received the largest gold deposit in Russia for 7.74 billion rubles

In addition to White Gold, five companies took part in the auction: Priargunskoye PGHO, Atomredmetzoloto (part of the Rosatom state corporation), Polyus Magadan (the daughter of the largest gold miner in the Russian Federation Polyus), Vostok Geoservice (former Andreov) owned by Andrey Atomov.

Two additional conditions are put before the winner of the auction: firstly, the annual gold production should be at least 10 tons from the moment it reaches its design capacity. Secondly, to supply energy to the field, the company will have to start using electricity from a low-capacity nuclear power plant in Yakutia.

It is important that for the first time one of the special conditions of the auction is the use of nuclear power of at least 35 MW, which should be supplied by a small-capacity nuclear power plant in the Republic of Sakha (Yakutia), "said Alexander Kozlov.

The Kyuchus field with an area of ​ ​ 3.35 square meters. km is located in the Ust-Yansky and Verkhoyansky districts of the republic. Its balance reserves reach 175.3 tons of gold, and its resource potential exceeds 250 tons. Silver reserves were also discovered in Kucus.

Seligdar, with gold mining assets in Yakutia, Buryatia, Altai Territory and the Orenburg Region, belongs to management (Sergey Donbass and Konstantin Beirit) and the Russian Funds group. According to the results of the first half of 2021, the company took 11th place in harm to the largest gold miners in Russia, producing 2.2 tons of this metal.^[1]

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