Major Investment Projects
Construction of a concentrating plant on the premises of the same named deposit of polymetallic ores
Region: Buryatia Republic, RF
Operator/initiator: Ozernoye
Project stage: –
Timeframe: construction of the concentrating plant will be completed in 2023; full capacity is expected to be reached in 2024
Investment: 92,7bn RUB
According to the project, the plant on the premises of the Ozerny GOK will process 6 million tonnes of lead-zinc ores per annum. The staple is zinc and lead concentrates. Nameplate capacity of production is 597k and 82k tonnes accordingly.
Construction of GOK and development of Udokan copper deposit
Region: Trans-Baikal Territory
Operator: Udokan Copper
Stage: construction. Start-up of the first stage – 2023
Investments: $6.9 bn
Udokan is the largest undeveloped copper deposit in Russia and one of the largest in the world. The capacity of the first stage of MMC at Udokan will be up to 15 mil tons of ore with an output of up to 135 thousand tons of copper per year. Taking into account the second stage, the output of processing will increase to 40 mil tons of ore per year. The cost of the first stage of development of Udokan was estimated at $2.9 bn, the second stage – at $4 bn. The launch of the first stage of production is scheduled for 2023.
Sulphur programme at Nadezhda Metallurgical Plant and Copper Plants
Region: Krasnoyarsk Territory
Operator: Norilsk Nickel
Dates: development – 2020–2025.
Investments: $4.1 — $4.3 bn
A large-scale environmental project involving the utilisation of sulphur dioxide at the Nadezhda Metallurgical Plant and Copper Plants, which are part of the Polar branch of the company with a drastic reduction in emissions of pollutants. Within the framework of the programme, the launch of sulphur projects to capture emissions at the Nadezhda Metallurgical Plant and Copper Plants is being developed. The development of the sulphur programme will help the Polar Branch (Norilsk) significantly reduce SO2 emissions.
Construction of a new metallurgical plant to produce cathode copper
Region: Murmansk region, RF
Operator/initiator: Norilsk Nickel
Project stage: –
Timeframe: construction of the new plant is expected for completion in 2025
Investment: 140bn RUB
The project named “Bolshaya Med” implies application of modern technology named roast-leach-electrowin with minimised environmental footprint. Plant nameplate capacity is 150k tonnes per annum. The company intends to employ over 1000 people.
Development of the Montenegrin copper-nickel ore deposit
Region: Krasnoyarsk Territory
Operator: Russian Platinum
Stage: preparation for construction
Dates: 2024
Investments: 240 bn roubles
The project involves the construction of a mining and processing complex with a processing capacity of 7 mil tons of ore per year based on the Montenegrin deposit. The development of the Chernogorskoye deposit will be the first stage of the development of the Russian Platinum Group project in the Norilsk Industrial District. The next stage is the involvement in the development of reserves in the southern part of the Norilsk–1 deposit.
Construction of a mining and concentrating plant for extraction and processing of lithium
Region: East-Kazakh region, Kazakhstan Republic
Operator/initiator: Government of the Kazakhstan Republic
Project stage: –
Timeframe: development: 2023–2024. As expected, the facility will be brought online in 2025–2027
Investment: $100m
Project capacity will be revealed once exploration works are completed.
