Russia's Amur Prospecting Team Plans to Extract 93.4 kg of Platinum from Waste Rock in 2026
2026-05-28 15:06
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en.Wedoany.com Reported - Russia's Amur Prospecting Team plans to resume platinum mining in Khabarovsk Krai in 2026, targeting the extraction of 93.4 kilograms of platinum from waste rock piles. The enterprise, which is part of the Russian Platinum Group, disclosed the plan in its annual report.

According to corporate documents, licenses ХАБ 02252 БЭ and ХАБ 02253 БР will be merged into a single license for the technogenic placers of the Konder River and the Uorgalan River. Under this consolidated license, work will be carried out to extract platinum from the company's own production waste, with a target output of 93.4 kilograms (chemically pure kilograms). The prospecting team did not engage in platinum mining in 2025, while the extraction volume in 2024 was 89.9 kilograms.

Due to insufficient profitability, the company plans to suspend the platinum mining rights under license ХАБ 15146 БЭ (Uorgalan River deposit, exploration line interval 128-08) and license ХАБ 02254 РБ (Konder River deposit). Similar to 2025, the Amur Prospecting Team will operate under a contract agreement with its affiliated enterprise, Amur Gold LLC. At the Ulan-Kharyalakh site, the enterprise plans to mine 59.6 kilograms of gold.

Last year, through the contract agreement with Amur Gold, the company extracted 40.7 kilograms of gold. The enterprise's revenue from precious metal sales amounted to 324.2 million rubles, a year-on-year increase of 14.3%. The report noted that the company's main business activities include: cargo transshipment at the Tommot transshipment base; ensuring the operation of the Uorgalan helipad for flights operated by Amur Airlines and other aviation enterprises providing services to the company and Amur Gold; and providing gold mining services to Amur Gold under the contract agreement.

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