Baimsky GOK —Unlocking the Potential of the Far East and the Arctic
The Baimskaya copper and porphyry area, located in the Bilibino district of the Chukotka Autonomous Region, is one of the world's largest copper deposits.
Twelve promising deposits of copper, as well as gold and silver, have been identified in the ore zone. The deposit was discovered in 1972, and active prospecting was ongoing until 1984. The project was made possible with the introduction of new technology and the provision of preferential treatment in the Russian Far East.
The Peschanka deposit, located within the Baimskaya licence area in Russia, has the JORC-standard measured, indicated, and inferred resources of 9.9 Mt of copper at an average grade of 0.39% and 16.6 Moz of gold at an average grade of 0.21 g/t
The licence area is
1300 km2
Northern Sea Route
The development of the Baimskaya ore zone deposits involves the construction of a mining and processing plant (GOK) and all relevant infrastructure. Advanced direct flotation technology will be used in the operation of the mine.
To ensure efficient sales of the Baimsky GOK's products, the necessary infrastructure will be built, including a year-round port terminal and a 428-kilometre all-weather road between the deposit and the new port for the shipment of products to the market via the Northern Sea Route.
The forecast cost of major construction work is estimated $8,5 billion
The annual ore processing capacity is estimated70 Mt
The average annual copper production during the first ten full years of operation300 Kt
The project is a part of the Far East and Baikal Region Social and Economic Development Strategy until 2025 and the Chukotka Autonomous Region Social and Economic Development Strategy until 2030.
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