CJSC Vasilievsky Mine is the third largest gold miner in the Krasnoyarsk Territory. The company annually supplies 1300-1400 kg of precious metal, providing employment for 1000 workers. Confirmed reserves of refined gold are about 27 tons, new deposits are being explored.
History of creation
The gold mining company was named thanks to the Vasilievsky deposit, explored in 1950 and becoming the main resource base. Year of foundation - 1992. In 1997, after receiving a “golden” loan from the Ministry of Finance of the Russian Federation 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, private investors came. Thanks to their investments, the company’s work resumed - a year and a half later, the first one and a half tons of gold was mined. Vasilievsky mine began to prepare for the placement of its shares on the stock exchange. But the crisis year of 2008 again violated plans, financial problems began and, as a result, problems in the workplace.
In 2010, the GPB Group acquired a 62.5% stake in the mine. With her participation, work was restored, the construction of a heap leaching site was started to increase production volumes and reduce costs.
Production volumes
The Vasilievsky Mine (Krasnoyarsk) has the necessary equipment for the extraction and processing of gold ore. For its transportation, the famous BelAZ heavyweights were purchased. The performance growth trend 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 Veduginsky deposit.
- 2014 - 1400 kg. This result is provided 100% in our own ore.
- 2015 - 1431 kg in our own ore.
Vasilievsky mine: reviews
During its existence, the company went through crisis situations, which affected the mood of partners and factory workers. The plans for the transfer of Partizansk village, under which there are significant reserves of valuable metal, add nervousness.
Now production is at the stage of a new development. A development program developed over a decade has been successfully implemented here, which includes the full involvement of the existing resource base in the development, expansion and modernization of existing production capacities, as well as geological exploration.
Place of Birth
The Vasilievsky mine conducts direct ore mining at 4 deposits:
- Nikolaev;
- Herfed;
- Sergievsky;
- Arkhangelsk.
Partizanskoye is prepared for mining, exploration and exploration work is underway at Ilyinsko-Talovskoye, Zapadnoye and Mitrofanovskoye, resources are assessed at Ilyinsko-Nizhnetalovskoye, and an underground mining assessment is carried out at the Vasilyevskoye field.
Confirmed reserves of precious metal - 27 tons, excluding 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 2 deposits (Gerfed and Partizanskoe) lie under the sanitary-protective zone of the Partizansk village. A potential reserve located directly below the territory of a settlement can only be determined after the gold mining company has direct access to this site. There are plans to move the settlement.
Herfed plot
The operational reserves of the Gerfed deposit are about 9100 kg of gold. Industrial metal mining began here in 2012. In 2014, the transfer of a power line blocking the field was successfully carried out to involve the maximum amount of reserves in mining. More than 40% of Gerfed's gold ores occur in the sanitary zone of Partizanska, which makes it impossible to mine a significant part of them.
Partizanskoe plot
Vasilievsky mine expects to mine 11,000 kg of gold in this area. Now in the process of preparation is a technical project for the development of this field. In 2014, Zolotoproekt JSC completed the design work on the feasibility study of the Partizanskoye field development taking into account the transfer of Partizansk.
Growth problems
If the Partizansk village is not relocated, the Vasilievsky mine will not be provided with sufficient ore since 2019 to load the gold recovery factory (ZIF) at full capacity (current processing capacity is 400,000 tons). A decrease in refining volumes from 2019 will inevitably lead to a decrease in metal production, which will lead to a shutdown of the enterprise.
In the case of a successful transfer of the village, additional ore volumes from the Partizanskoye and Gerfed deposits will allow not only to maintain the current level of processing, but also to make the planned expansion of the mill to 600,000-800,000 tons. As a result, a significant increase in gold production is projected. Moreover, increasing production volumes will allow the company to finance the annual volumes of planned exploration work, which should lead to the discovery of new deposits and extend the life of the enterprise after 2030.
Financing
Under the current market conditions, the Vasilievsky mine is not able to independently finance exploration in promising areas, which is a prerequisite for increasing the resource base and extending the life of the enterprise. The inability of the company to finance exploration work (geological exploration) from the operating flow will lead to the need for additional financing of geological exploration at the expense of shareholders.
Thus, in addition to financing the mine development program, the main shareholder of GPB will have to refinance a $ 8.5 million gold loan, the guarantor of which is the Krasnoyarsk Territory. However, the shareholders confirm their interest in the development of the enterprise and intend to continue financing, subject to a positive decision regarding the transfer of the Partizansk village and the possible provision of additional targeted support measures.