Project

General information about the project

Location

North of Zabaikalye Region (Kalar District)

World class resouces

3rd largest undeveloped copper deposit globally:

Resources (JORC compliant) – 26.7 mt of copper;

Resources as per Russian classification – 20.1 mt of copper;

Resource potential – 27.3 mt of copper.

Parameters

Annual capacity of Udokan Mining and Metallurgical Plant Stage 1 – 12 mtpa of ore. Start-up in 2022.

Further expansion up to 48 mtpa of ore.

Processing of Udokan ores is based on flotation-hydrometallurgical flowsheet. Udokan Mining and Metallurgical Plant shall produce cathode copper and sulphide concentrate. Annual output of final products of Plant Stage 1 - 130 ktpa 

Socio-economic impact (Stage 1 of project development):

Creating of more than 2,000 jobs net of related sectors;

Tax revenues to the budgets of all levels to total more than RUR 750 bn.