BAKU, Azerbaijan, September 3
By Nargiz Sadikhova - Trend:
Russia’s Atomflot and Baimskaya LLC, which is controlled by Kazakhstan’s KAZ Minerals, signed a preliminary agreement on the supply of electricity for the operation of the Baimskaya mining and processing plant, Trend reports citing Rosatom.
The agreement was signed as part of a comprehensive investment project for the development of the Baimskaya mine. As part of the signed agreement, Rosatom will provide electricity to the project.
Atomflot will supply four modernized floating power units with an installed capacity of at least 106 MW each, as well as will carry out the commissioning of the first two power units near the Nagleynyn Cape by the beginning of 2027, the third by the beginning of 2028, and the fourth by the beginning of 2031. The total investment in the energy supply project will amount to over 150 billion rubles ($2.05 billion).
GDK Baimskaya LLC is developing the large Peschanka copper deposit, which is situated in the Baimskaya licensed area of Russia’s Chukotka Autonomous Okrug.
It is estimated that the deposit contains 9.9 million tonnes of copper with an average grade of 0.39 percent and 16.6 million ounces of gold with an average grade of 0.21 g/t. Both estimates have been recorded in accordance with the JORC code. The project’s construction budget is estimated at $8 billion.
---
Follow the author on Twitter: @nargiz_sadikh