China Metals and Mining, China, Mineral Extraction

Vitaly Nesis, "Polymetal": "Reputation of Bakyrchik as a supercomplex field is somewhat exaggerated".

Last week, in the Kostanai region the opening of a branch line to the production site of the Varvarinskoye field took place. A private railway line built by the company will allow to change the concept of the existence of JSC "Varvarinskoye", since it would receive raw materials from third-party manufacturers and thus extend the life of the field. (On reducing the production figures of the enterprise under the influence of factors related to the external environment and resource base, please, read the previous issue of Panorama).

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Chinese investors to complete assessment of Natalka only in 2016

Chinese investors will complete an assessment of the Natalka gold deposit, probably, only in 2016; the license for the deposit development belongs to the largest Russian gold miner Polyus Gold. This was announced by the company’s CEO, Pavel Grachev on the margins of the St. Petersburg International Economic Forum.
"The due diligence of the Chinese takes place at Natalka now. I doubt that they will make a decision in 2015. Most likely, it will happen in 2016," - he said.
At the beginning of May 2015, it was planned that a feasibility study of the project on the development of Natalka would be ready in the next two months, then, during the next six months the design will take place, and after 1-1.5 years (in the first months of 2017) the start of the production could be expected..

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