Development of Kyuchus deposit was discussed with Yury Trutnev, Deputy Prime Minister and Presidential Plenipotentiary Envoy to the Far Eastern Federal District

Implementation of investment projects of the Kyuchus gold ore deposit development in Ust-Yanskiy and Verkhoyanskiy regions and the YATEC PJSC (Yakut Fuel and Energy Company) Yakutia Gas Project resource base comprehensive development were discussed during the meeting in Yakutia on November 18, 2021.

“Fifty four investment projects with state support are being carried out in Yakutia. Among them, there are construction of mining and processing complexes at Inaglinskiye, Denisovskoye deposits and a diamond mining complex at Verkhnemundskoye ore field. Twenty five projects have already been launched and 29 are underway.More than 130 billion rubles were invested and more than 10,000 jobs have been created”, – Yury Trutnev, Russia’s Deputy Prime Minister and Presidential Envoy to the Far Eastern Federal District noted.

According to the Head of Yakutia Aysen Nikolayev, one of the most important issues of the Kyuchus gold ore deposit development is to create infrastructure. The Kyuchus deposit is second in the Republic’s mineral base in terms of ore gold reserves (175 tons). It is situated both in Ust-Yanskiy and Verkhoyanskiy regions. It is the largest mining investment project in the Arctic zone of Yakutia. According to preliminary estimates, an annual gold production of 10 tons is planned for Kyuchus, what would make additional 25% to the current record-setting performance of the region.

“Kyuchus is a pivotal challenge for Seligdar and the Republic of Sakha (Yakutia) as a whole. It should be solved in a short time frame. That will demand from Seligdar to concentrate all the efforts, knowledge and experience, which were accumulated by the Company during years of its almost 50-years of operations”, Aleksand Khrushch, First deputy CEO of Seligdar PJSC told.

2020 Annual Report (pdf, 9 Мб)
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