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Plans of Mangazeya Group of Companies in Transbaikalia: 4 tons of gold per year 
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September 6, 2019 - 2:23 pm

Plans of Mangazeya Group of Companies in Transbaikalia: 4 tons of gold per year 


The owner of the Mangazeya group of companies, Sergey Yanchukov, became interested in the gold mining industry for a long time and began to invest in it since 2011. At first, these were ordinary portfolio investments, but then the businessman realized that he wanted to directly manage operational processes. In 2013, Yanchukov became the owner of the Mangazeya Zoloto company - now it is one of the largest in the field of gold mining in Transbaikalia. The company has two mines - at the Savkinskoye and Kochkovskoye deposits - and a third is being prepared for launch - at the Nasedkino deposit.

Now - 1.5 tons per year, and there will be 4

Of the three facilities, only at the Savkinsky deposit, gold mining was carried out even before the purchase of the enterprise by the Mangazeya group of companies. Thanks to the team’s professionalism and additional investments at Savkino, it was possible to quickly achieve a significant improvement in production volumes. Already in 2015, they began to mine twice as much - 1,045 kilograms of metal compared to 552 kilograms the previous year.

In parallel, another project was developing from scratch - the Kochkovo field. His geologists of the Mangazeya group of companies discovered and studied independently, and by the raw material base it is so far the largest among the company's assets. A feature of the object is the presence of two types of ores at once: oxidized and primary. Now the enterprise has set up a heap leaching production cycle for the processing of oxidized ore. In addition, exploration and testing of primary ore processing are ongoing.

Meanwhile, construction work on the construction of a mining and processing enterprise is in full swing at the Nasedkino field. The total reserves of this and Kochkovsky deposits amount to 65 tons of gold. Mangazeya Zoloto plans to extract more than 1.5 tons of gold this year, and when the Nasedkino deposit reaches its design capacity, the figure will increase to 4 tons.

Investments for long-term development

“At the joint-stock level for all years, we have invested more than $ 150 million - the money went to buy the company’s shares, repay its loans and finance current activities. Moreover, the assets themselves generated cash flow, which we also directed to development. Our company makes rather large-scale investments in exploration - more than 1 billion rubles have already been invested since 2015 in exploration at the Savkino, Kochkovskoye and Nasedkino fields. These investments allow us to build potential for long-term sustainable development, ”says Sergey Yanchukov.

More than 3.5 billion rubles have already been invested in the Nasedkino field alone. Moreover, this is far from all investments in the future mining enterprise: in July 2018, Mangazeya signed a loan agreement with VTB, according to which another 118.5 million dollars will go to finance the project - this is more than 7 billion rubles.

Total capital investments in Kochkovskoye - about 2 billion rubles. Of these, nearly 900 million were invested by the company last year in the launch of a heap leaching cycle for the extraction of gold from oxidized ores.

The existing facilities of Mangazeya Zoloto are not the only assets of Sergey Yanchukov in Transbaikalia. The businessman also owns a stake in the Ksenievsky mine and the Sochiinskoye field: “In 2013, when we first met Lituev (the owners of the Ksenievsky mine are A. F.), no one on the market was ready to invest in a mine that was in a pre-bankrupt state by that time and was mired in courts with banks and other creditors. I redeemed part of the debts; I managed to agree on the restructuring of the other part. My team was actively engaged in operational work, and I allocated several million dollars of loans from my enterprises to replenish working capital. I went into the capital of Ksenievsky mine, becoming the full owner of a 50 percent stake. When the mine returned to itself the rights to the Ithakinskoye deposit, the “Sochiinskaya gold mining company” was created, and I began to finance the work of this asset. Now Mr. Lituev is trying through the court to completely deprive me of his share in both Ksenievsky mine and the Sochi Gold Mining Company, and also demands a fine in the amount of 495.5 million rubles. As for the field itself, in our opinion, it is promising. We remain interested in it and intend to assert our rights to the asset. ”

Working conditions

Most of the company’s employees in Transbaikalia are locals, but specialists from other regions are also invited to work. "Mangazeya" offers attractive conditions for professional development and self-realization, provides training opportunities, advanced training and career advancement. As well as a very decent level of wages and benefits. In addition, workers spend most of the time on duty, so comfortable living conditions are created for them: shift camps and canteens are being built, good food, overalls, and medical care are provided.

But everything is not limited to living conditions, attention is paid to the leisure of workers. Sergei Yanchukov notes: “In Transbaikalia, we created the Mangazeya hockey team, which participates in the championship of the region among amateurs. This year, according to the results of the championship, we won bronze awards. In Moscow, we recently organized a futsal team consisting of the children of our workers. The children are happy to train, participate in competitions, and parents and their colleagues are actively sick in the stands. ”

Russian Source: https://www.chita.ru/articles/131148/


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