Monchetundra platinum group metals and base metals mine, Russia
Name of the Project
Monchetundra platinum group metals and base metals mine.
Location
The project is located on the Kola Peninsula, bordering Finland and north-west Russia.
Client
Eurasia Mining.
Project Description
The project comprises 28-million tonnes for 1.9-million ounces of palladium and platinum, or 2PGE, and gold, at West Mittis and Loipishnune.
These openpits also contain significant base metals credits, including 28 124 t of copper and 30 410 t of nickel.
Targeted production is estimated at 1.7-million tonnes a year.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Value
The contract is valued at $176-million.
Duration
Full production is expected by 2023.
Latest Developments
The issuing of the mining permit was approved in November 2018, and the project can now proceed to construction.
Key Contracts and Suppliers
Sinosteel (engineering, procurement, construction and financing).
On Budget and on Time?
Not stated.
Contact Details for Project Information
Eurasia Mining, email info@eurasiamining.co.uk.
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