History
2022: Ag Mining bought 25% of Zolotaya Zvezda for 550 million rubles
In early December 2022, it became known about the completion of a deal to sell 25% of the gold mining company Zolotaya Zvezda in Khakassia to the Russian company Ag Mining, which is part of the Swedish group Kopy Goldfields AB. The transaction cost amounted to 550 million rubles, said Mikhail Damrin, CEO of Kopy Goldfields AB.
According to him, the main task of the new shareholders is to complete the modernization of the gold recovery plant at the May deposit, as well as carry out geological exploration work to clarify the existing ore reserves.
 | We form a program of work. We plan to continue the operation of existing factories and heap leaching projects as far as possible, "he said. |  |
Kopy Goldfields is "an experienced gold mining company with extensive experience in the Far East Russia and a solid industrial reputation," the company's website says. It has been actively mining gold since the 1970s. The company includes LLC Cupid Gold"," which develops ore gold deposits Krasovoye and Perevalnoye (both part of the Yubileiny complex) and plots of placer gold Buor-Sala and Kagkan-Chudny in the Khabarovsk Territory. Also, the Swedish company is engaged in geological exploration, mainly at fields Irkutsk in the Amur regions.
By the beginning of December 2022, the gold mining company Zolotaya Zvezda is developing the Mayskoye, Chazy-Gol and Elovoye gold ore deposits located in Khakassia. The Golden Star was the first in Russia to use heap leaching of gold, which allows mining in poor and inaccessible deposits. The annual volume of gold production is about 1 ton.
By December 2022, Zolotaya Zvezda is implementing a project to modernize the May processing plant in order to increase the capacity to 250 thousand tons of ore per year and switch to the method of direct leaching of gold ore. Commissioning of this facility is expected in the second half of 2023.[1]
Notes
| The site content is translated by machine translation software powered by PROMT. The machine-translated articles are not always perfect and may contain errors in vocabulary, syntax or grammar. Read original article If you find inaccuracies or errors in the results of machine translation, please write to editor@tadviser.ru. We will make every effort to correct them as soon as possible. |