The gold mining company "Vasilievsky mine"

CJSC Vasilievsky Rudnik is the third largest gold mining company in 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 named after 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 site.

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 the shares of the mine. 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) possesses the necessary 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 company passed through 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 new development. 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, and geological exploration.

Place of Birth

Direct mining of ore Vasilievsky mine leads on 4 deposits:

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

Partizanskoye prepared for development, Ilinsko-Talovskoye, Zapadnoye and Mitrofanovsky are exploring and exploring, Ilinsko-Nizhnetalovskoye estimated the resources, an economic evaluation of underground mining is being conducted at the Vasilievsky deposit.

The confirmed reserves of precious metal are 27 tons, 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 and Partizanskoye) lie under the sanitary protection zone of the village of Partizansk. The potential reserve, which is 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

The operational reserves of the Gerfed deposit are about 9,100 kg of gold. Industrial mining of metal began here in 2012. In 2014, the transfer of the overlapping field of transmission lines was successfully carried out to involve the maximum amount of reserves in the development. More than 40% of the gold-bearing ores of Gerfed 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 11,000 kg of gold on this site. Now in the process of preparation is a technical project for the development of this field. In 2014 JSC Zolotoproekt performed a project work on the technical and economic assessment of the development of the Partizansky deposit, taking into account the transfer of Partizansk.

Growth problems

If Partizansk is not transferred, the Vasilievsky mine will not be provided with enough ore for the loading of 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 village, additional volumes of ore from the Partizanskoye and Gerfed fields will allow not only to maintain the current level of processing, but also to 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 the 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 conditions, the Vasilievsky mine is unable to independently finance 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 operating flow will lead to the need for additional financing of the geological exploration at the expense of shareholders.

Thus, in addition to financing the mine development program, the main shareholder of GPB OJSC is to refinance the "golden 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.