In 2009, the company of the group “Polyus Gold” produced 1 261 million ounces of refined gold (1 222 thousand ounces in 2008), showing 3.2% growth in production of metal. The increase in gold production is linked primarily wit1000h the launch of the project Titimukhta in the Krasnoyarsk region and the acquisition of a 3 quarter of 2009, controlling interest in the KazakhGold Group Limited, one of the largest gold producers in Kazakhstan, the report said Russia”s gold mining company.
Production activities in the reporting year, planned and implemented in light of several negative factors that greatly complicate the work of the group companies. First, since the completion of processing of rich oxidized ore in 2008 and the transition to a refractory sulfide ore, reduced average content in the processed ore. Secondly, at Olimpiada GOK has become necessary to reduce the ore stockpiled in warehouses from the period 1996 - 2007 gg. stale ores in order to further ensure stable raw material factories chemical and mineralogical composition and physico-mechanical properties.
This need has led to the processing of raw gold extracting plants of different types of technology, requiring appropriate adjustment mode and time to stabilize the technological process, the message says. Thus, the ZIF-1 was carried out three types of processing of ores (ore deposits Stag and mixed ore from the quarries of East and West in the beginning of the year and ore deposits Titimukhta throughout the year). At Mill-2, 3 at the beginning of the year, mainly carried out recycling stale, partially oxidized ore from the warehouse, in the second half - the current sulfide ore mining.
other significant factors which have influenced the results of production activities of the group in 2009 were: maintenance works to complete the project to expand the Olimpiada mine in terms of existing production and maintenance work on the modernization of the mill Kuranahskogo GOK, noted in the announcement of the company.
In order to compensate for the negative impact of these factors have been developed further measures aimed at improving the operational efficiency of factories Olimpiada GOK.
In 2009, the existing enterprises and new projects the group has been extracted 48,7 million cubic meters of rock mass, compared with 50.8 million cubic meters in 2008. Extraction of ore in 2009 amounted to 18.4 million tons, compared with 6.6 million tons in 2008. Fold increase in production is related primarily to the transition to work with the massive sulphides at Olimpiada GOK, as well as with the start of mining ore at the new projects group - Titimukhta, Blagodatnoye, Verninskoe.
Processing of ore in the past year totaled 13.9 million tons, compared with 10.8 million tons in 2008. Growth ore processing was made possible by entering the design capacity of ZIF-3 Olimpiada GOK.
Total drilling in the reporting period, according to preliminary estimates, amounted to 141.4 thousand linear meters, compared to 332.1 thousand linear meters in 2008. The planned reduction of drilling due to the fact that the major exploration projects were in the final stages of implementation in the reporting year.
In the past year, the company has continued to increase its mineral resource base. The successful completion of exploration programs in the State Commission for Mineral Reserves (SRC Rosnedra) were protected reserves of the field Bamskoe in the amount of 108 tons or 3.5 million ounces (including 39 tons of gold for an open and 68,5 tons of gold for the underground operation ). Growth stocks category B C1 C2 amounted to 94.3 tons of gold (3 million ounces) (more than 7,5 times). In addition, SRC Rosnedra as associated component set to gosbalans 302 tons of silver.
Also, in the past year in GKZ Rosnedra were approved holdings Nezhdaninskoye gold deposit - balance reserves amounted to 628.6 tons (20.2 million ounces) of gold (including 611.6 to1000ns of gold underground, and 16.8 for open pit operation). Growth stocks totaled 151.5 tons of gold (4.9 million ounces). In addition, SRC Rosnedra put on gosbalans 2 229 tons of silver Nezhdaninskoye field.
At the Olimpiada deposit was re-evaluated stocks, which resulted in the expected increase in reserves in categories B C1 C2 amounted to 111.7 tons (3.6 million ounces) of gold.
total increase reserves through exploration group, and revaluation gains in 2009 in categories B C1 C2 is expected to reach 370 tons (11.9 million ounces) of gold.
Expected reserves of category B C1 C2 as of 1 January 2010 amounted to 3 274 tonnes (105 million ounces) of gold.
In 2009, the largest enterprise groups - Olimpiada GOK - were produced 839 thousand ounces of gold, compared to 873 thousand ounces in 2008. Reduced production was the result of the transition to the production of refractory sulfide ores, processing of raw materials of various types of technology, requiring appropriate adjustment mode and time of the stabilization process, the maintenance work to complete the project to expand the Olimpiada mine in terms of existing production.
However, in the planning of productive activities in order to offset the negative impact of these factors have been developed further measures aimed at improving the operational efficiency of factories. In particular, at Olimpiada GOK with an additional homogenization of raw materials, a number of measures designed for the 2009-2010 GG programs to improve the effectiveness of the mill. The results of the work manifested in the absolute increase in the rates at the end of 2009. In the future, as the realization of the full range of activities programs for two years, will ensure further growth of technological efficiency of mill.
increase ore processing at the enterprise connected with the gradual release of the design parameters ZIF-3 GOK.
Reduce Production at Mine Kuranahskom associated with the ongoing during the reporting period, work on modernization of the enterprise, whose completion is expected in the second half of this year. Last year the GOK West showed stable operation. Production of metal remained at the level of 2008 and amounted to 24 thousand ounces.
The increase in gold production at enterprises of placer mining in the Irkutsk region of 7.2% occurred due to acquired in 2008 of a new placer companies, the report said Polyus Gold.
In the 3 rd quarter of 2009, work began on upgrading capacity of enterprises KazakhGold Group, located in the Marrickville area Akmola region of Kazakhstan: Aksu, Bestobe, Zholymbet. Over the past 5 months, investment in these companies amounted to about $ 7 million (exploration).
During this time, the enterprises were replacement and repair of mining equipment, as well as repair of mills.
At Zholymbet completed construction of a workshop for the preparation of hypochlorite and tailings disposal, as well as the construction of an oxygen plant factory. It also met the capital and current repairs of production workshops, ABA and fences surrounding the factory and the industrial area of the mine.
reopened exploitation and production of finished products with complex heap leaching at the Aksu and Bestobe.
Completed overhaul shaft “Ventilation” in the mine Bestobe. It also made the transfer line pipeline. Was built and launched into operation to clean and ensure the needs of Mines hozpitevoy water; completed overhaul ABA to ensure sanitary conditions of workers.
restoreb8ed and put into operation at the mine shaft № 39-41 Aksu. Here was carried out major repairs to the shaft ABA number 40. Were also carried out capital and current repairs of several manufacturing and administrative and service facilities.
Railways and Rostekhnologii agreed on cooperation in the field of innovation
In 2009, revenues Polyus Gold rose to $ 1.204 billion
Gazprom signed a contract to drill a third exploration well in the Bay of Bengal
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