The gold mining company "Vasilievsky mine"

CJSC Vasilievsky Rudnik - the third in terms of volumesgold miner of the Krasnoyarsk Territory. The company annually delivers 1300-1400 kg of precious metal, providing employment of 1000 employees. Confirmed reserves of refined gold - about 27 tons, new deposits are being explored.

History of creation

The gold mining company was namedthanks to the Vasilievsky deposit, which was discovered in 1950 and became the main resource base. The year of foundation was 1992. In 1997, after receiving a "gold" loan from the RF Ministry of Finance and the necessary licenses, the construction of a gold recovery factory and the necessary infrastructure began. However, the 1998 crisis slowed down the construction.

In 2004 came private investors. Thanks to their investments, the company's work resumed - the first one and a half tons of gold was mined in a year. Vasilievsky mine began to prepare for the placement of its shares on the stock exchange. But the crisis year 2008 again broke the plans, financial problems began and, as a result, problems in production.

In 2010 the group of OJSC GPB acquired 62.5% of sharesmine. With her participation, the work was restored, construction of a heap leaching site was started to increase production volumes and reduce costs.

Production volumes

"Vasilievsky mine" (Krasnoyarsk) hasnecessary equipment for extraction and processing of gold-bearing ore. For its transportation, the famous heavyweights of BelAZ were acquired. The trend in productivity growth is as follows:

• 2012 - 1000 kg of pure gold were mined.
• 2013 - 1400 kg. The increase was due to the processing of external ore from the Veduga deposit.
• 2014 - 1400 kg. This result is provided 100% on its own ore.
• 2015 - 1431 kg on its own ore.

Vasilievsky mine: reviews

During its existence, the companythrough crisis situations, which affected the mood of partners and workers of the factory. Adding nervousness plans to move the village Partizansk, under which there are significant reserves of valuable metal.

Now the production is at the stage of a newdevelopment. A successful development program for the decade is being successfully implemented here, including full involvement in the development of the existing resource base, expansion and modernization of existing production facilities, as well as geological exploration.

Place of Birth

The immediate extraction of ore Vasilievsky mine leads on 4 deposits:

• Nikolaevskoe;
• Herfed;
• Sergievsky;
• The Arkhangelsk.

Partisan prepared for training, onIlyinsk-Talovskoye, Zapadnoye and Mitrofanovskoye exploration and prospecting works are underway, Ilyinsk-Nizhnetalovskoye is assessing the resources, an economic evaluation of underground mining is conducted at the Vasilievsky deposit.

Confirmed reserves of precious metal - 27tons, excluding the exploration potential (minimum 15 tons) and reserves for underground mining (minimum 10 tons). The company is provided with electricity, infrastructure.

Most of the reserves of two deposits (Gerfed andPartizanskoye) lies under the sanitary-protective zone of the village of Partizansk. The potential reserve, located directly under the territory of the settlement, can be determined only after the gold mining company has direct access to this site. There are plans to move the settlement.

The plot of Gerfed

Operational reserves of the Gerphed depositare about 9,100 kg of gold. Industrial mining of metal began here in 2012. In 2014, the transfer of the overlapping field of power lines was successfully carried out to involve the maximum amount of reserves in the development. More than 40% of the gold-bearing ores of Herfed occur in the Sanzone of Partizansk, which makes it impossible to work out a significant part of them.

The partisan plot

Vasilievsky mine expects to extract at thissection of 11000 kg of gold. Now in the process of preparation is a technical project for the development of this field. In 2014 JSC "Zolotoproekt" completed the project work on the technical and economic assessment of the development of the Partizansky deposit taking into account the transfer of Partizansk.

Growth problems

In case the village Partizansk notthe Vasilievsky mine has not been provided with enough ore for loading the gold recovery plant (ZIF) from full capacity in 2019 (the current processing capacity is 400,000 tons). Reduction of processing volumes from 2019 will inevitably lead to a decrease in metal production, which will lead to the shutdown of the enterprise.

In case of successful transfer of the villageadditional volumes of ore from the Partizanskoye and Gerfed fields will not only keep the current level of processing, but also produce the planned expansion of the mill to 600,000-800,000 tons. As a result, a significant increase in gold production is projected. Moreover, the increase in production volumes will allow the company to finance annual volumes of planned geological exploration, which should lead to the discovery of new deposits and the extension of the life of the enterprise after 2030.

Financing

In the current market conditionsVasilievsky mine is not able to independently finance geological exploration on promising areas, which is a prerequisite for building up the resource base and extending the life of the enterprise. The inability of the company to finance geological exploration work (IRT) from the operational flow will lead to the need for additional financing of geological exploration at the expense of shareholders.

Thus, in addition to funding the programdevelopment of the mine, the main shareholder of OJSC GPB is to refinance the "gold loan" for $ 8.5 million, the guarantor for which is Krasnoyarsk Territory. However, the shareholders confirm their interest in the development of the enterprise and intend to continue financing, subject to a positive decision on the transfer of the Partizansk settlement and the possible provision of additional targeted support measures.