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17 November 2020
PIMCU Becomes First Resident of Krasnokamensk ASEZ
The related agreement has been executed today, November 17, in the presence of Yury Trutnev, Deputy Prime Minister of the Russian Federation and Presidential Plenipotentiary Envoy to the Far Eastern Federal District, and Alexander Osipov, Governor of the Trans-Baikal Territory. The document is signed by Nikolay Zapryagaev, Deputy Director General for Residence Policy and Information Technology, FEDC, JSC (the Far East Development Corporation), and Oleg Proskuryakov, First Deputy Director General, PIMCU, PJSC.
As part of the project, the investor is to build Mine No. 6. The industrial facility to be commissioned in 2026 is expected to produce up to 2.5 thousand tonnes of uranium oxide concentrate per annum. The project is being implemented under the auspices of Valentina Matviyenko, Speaker of the Federation Council, the Ministry for Development of the Russian Far East and Arctic, and the Ministry of Economic Development.
«To date, we have completed the construction of the infrastructure for Mine No. 6. At the construction site, they are currently making preparations to pilot the mine water treatment plant (MWTP) that is capable of treating 1,500 cubic meters of water per hour, with Impulse-1500 facility, the pumping stations and the pipelines for pumping both untreated and treated water having been put in place. They have also completed an underground surge tank, a fire extinguishing station, an office and household building, and other facilities. The roads have been built at the site of Mine No. 6 and the site improvements are in progress, while the surface tipple complexes are being built in parallel,» said Alexander Burutin, Deputy Director General for Strategy, ARMZ Uranium Holding Co., who attended the ceremony.
The investment project for the Development of the Argunskoye and Zherlovoye Fields (the Construction of Mine No. 6) will sustain the nuclear industry in terms of the strategic raw material, boost the growth of Krasnokamensk, the second largest city in the Trans-Baikal Territory, and save jobs at the biggest uranium mining enterprise in this country. The minable reserves of the Argunskoye and Zherlovoye fields within the Streltsovskoye ore field approximate 40,000 tonnes of uranium (i.e., 35% of the total reserves available to PIMCU, PJSC), with the average content of the strategic metal being greater than that for the existing mines, which would guarantee its competitive production cost.
«Pursuant to the investment agreement, PIMCU undertakes to invest RUB 10.2 billion in the project and to employ 906 professionals. For its part, the operator together with the Ministry for Development of the Russian Far East and Arctic, the institutions for the development of the Far East and the Arctic, and local authorities will comprehensively support the project, while providing assistance it might need and a wide range of services,» said Nikolay Zapryagaev, Deputy Director General for Residence Policy and Information Technology, FEDC, JSC.
Moreover, the Far East Development Fund (FEDF) will allocate a total amount of up to RUB 5 billion to finance the construction of production facilities under the investment project, whereas earlier it has been granted support from the Far East Investment and Export Agency (FEIEA).
