JSC Almazy Anabara, a 100% subsidiary of AK ALROSA (PJSC), has completed the acquisition of a 100% stake in the authorized capital of Magadan Geological Exploration Enterprise (MGRP) from JSC Polyus Krasnoyarsk, a subsidiary of PJSC Polyus.
MGRP is the operator of the Degdekanskoye Ore Field gold deposit in the Tenkinsky District of the Magadan Region. According to the State Commission on Mineral Reserves, the explored reserves of the deposit are estimated at approximately 100 tons of gold, including balance reserves C1+C2 – 38 tons, with an average grade of 2.2 g/t (excluding off-balance reserves).
Almazy Anabara annually produces about 3.9 million carats of diamonds (the company’s share in ALROSA Group production is over 11%), as well as about 180 kg/year of gold as an associated mineral.
Alexey Okorokov, CEO of JSC Almazy Anabara:
– Development of the deposit is planned to begin after the feasibility study is updated. The deposit has convenient access to transport and energy infrastructure – 5 km from the transport artery. According to the preliminary plan, the deposit is planned to be put into operation in 2028. The annual volume of gold production after reaching the design capacity in 2030 is estimated at 3.3 tons. The deposit development period is until 2046. It is planned to build a quarry, a gold extraction plant, a tailings storage facility, infrastructure and energy facilities. Initial investments in the project are estimated at 24 billion rubles.
Pavel Marinychev, CEO of ALROSA:
– ALROSA Group has accumulated extensive experience in the field of associated gold mining, which we will use and develop. The development of the gold ore deposit will provide an additional synergistic effect for ALROSA’s business and will contribute to increasing its financial stability in the long term.