2 July 2024

Kuraginsky district plans to increase the volume of gold mining

The Yenisei Siberia Development Corporation and Konstantinovsky Mine LLC have signed an agreement to support an investment project for the development of the Seibinsky gold deposit located in the northern part of the Kuraginsky district of the Krasnoyarsk Territory. The investment project has been implemented since 2020. The total investment volume for the project is 2.5 billion rubles, of which 1.8 billion has already been realized by the investor for exploration, design work, as well as the construction of a gold mining factory and the purchase of heavy equipment. 

An increase in production capacity is planned for 2024-2025 as part of the subsequent implementation of the project. According to the results of the project, it is planned to create 500 jobs. The project is planned to be implemented by 2032, and a co-investor is currently being sought for a more dynamic development of the project.

“Since 2023, Konstantinovsky Rudnik LLC has been developing an open-pit gold ore deposit. The purpose of the investment project is to increase the volume of gold mining, as well as to involve in the development of sites located in close proximity to the Seibinsky deposit. Thanks to cooperation with the Yenisei Siberia Development Corporation, we expect to receive administrative support in transferring land plots from the forest fund to industrial lands,” said the head of the production and technical section LLC Konstantinovsky mine Mikhail Zalukaev.

Currently, a production facility with an ore processing volume of 200 tons per year is operating at the Seibinskoye field, 250 jobs have been created at the development site. After the company reaches full production capacity, it is planned to extract 500 tons of ore per year and produce 855 kg of gold.

For reference:

Konstantinovsky Mine LLC was founded in 2008. The main activity of the company is the extraction of ores and sands of precious metals (gold, silver and platinum group metals).