On the deposit of gold Albazino (Khabarovsk Krai) is running concentrator

April 4, 2011 JSC "Polymetal" announced the launch of the processing plant and the receipt of the first ore concentrate on Albazino (Amur region). Gold reserves at the field are estimated at 2.9 million ounces.

Running factories are part of a large-scale project "Albazino-Amur", implemented since 2008. The second step will be the launch of the Amur hydrometallurgical plant for processing received from Albazina ore concentrate to doré (gold bullion containing not less than 95%).

Plant equipment will be able to extract the metal from refractory sulfide ores (previously, this technology has not been used in Russia).

The total investment in the project — 9.2 billion rubles. Data entry of production facilities will create 1,300 new jobs. 

Albazino was purchased for $ 7 million in 2006. In the period from 2007 to 2011 the project was invested $ 270 million, including exploration (to date drilled 107 kilometers), purchase of equipment, construction, ongoing overhead costs, as well as initial working capital.

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