Polyus, the largest gold producer in Russia, announced...
The largest gold producer in Russia has officially begun commissioning at its flagship project.
Polyus, the largest gold producer in Russia, announced this week that the company had officially entered the first stage of hot commissioning it its Natalka site.
In an official announcement from Russian President Vladimir Putin, Polyus’ main greenfield Project is targeting full production at the site before the end of 2018.
The processing plant at the deposit is the largest in Russia, with a capacity of 10 mtpa gold.
Pavel Grachev, Chief Executive Officer of Polyus, commented:
“We are delighted to announce the long-anticipated launch of Natalka, Polyus’ main greenfield project and the largest gold mine in the Russian Far East. Natalka will provide up to 470 koz of additional production annually and support our targeted increase in overall gold production to approximately 2,8 moz by 2019. The project will also foster economic growth in the region through the creation of 2,000 jobs at the mine and the processing plant.”
Located in the Magadan, the Russian Far East, Nakata is the 15th largest gold asset globally by reserves.
The Natalka would have a mine life of 31 years of open pit mining, based on anticipated production volumes.