“Higher” is ready to be an operator of the Dry Ravine or to buy ore processing

MOSCOW, February 9. Vysochaishy (GV Gold), gold mining in the Irkutsk region and Yakutia, ready to be the operator of the largest gold Deposit Sukhoi Log in the Irkutsk region. This was announced at the summit of the Adam Smith head of Department for strategy and development of the company Roman schetinskiy.

“Higher” was elaborated in greater depth program participation in the development of Sukhoy Log, the auction for which is expected in 2016. The company is ready to participate in the project as operator and buying ore at the open pit for further processing at the existing facilities of “Higher”, located 8 km from Sukhoy Log”, – he said.

Szczecin added that the company expects the announcement of the auction and its conditions.

As previously reported, the government is considering the possibility of holding of the auction for the Sukhoi Log Deposit in the Irkutsk region in the beginning of 2016.

The Ministry of the Russian Federation proposes to restrict access to the auction for companies with foreign participation and to oblige the winner to construct roads and energy infrastructure at their own expense, and the Irkutsk region government insists that 25% in the project had on the state capital.

In July 2015 proposals for the development of the Sukhoi Log Deposit was represented by the head of the state Corporation “rostec” Sergey Chemezov.

The beginning of the Deposit development will require capital expenditure of around 100 billion rubles. As a result of its development will be created large scale mining production of gold production at the level of 80-90 20-25 tons and tons of silver per year.

The largest developers of gold deposits on the territory of Bodaibo district of the Irkutsk region are the companies “the pole Gold”, “High” and “Friends” with mining and processing plants. All three companies willing to participate in the development of Sukhoy Log.