Russian Alliance Mining Wins Bogdichi Placer Gold Deposit with 8.8x Premium
2026-06-05 14:31
Favorite

en.Wedoany.com Reported - Alliance Mining LLC has won the auction for the Bogdichi placer gold deposit in the Trans-Baikal Territory, which contains 175 kilograms of C1-grade gold reserves for open-pit selective mining. According to tender materials, the one-time payment increased by 8.8 times during the bidding process.

Alliance Mining LLC bid 249.193 million rubles for Exploration and Mining License No. 10, with a starting price of 28.317 million rubles. Other bidders included Ksenyevsky Priisk JSC, Prisk Ust-Kara JSC, and Staratel Gold Mining Company LLC.

The deposit covers an area of 7.99 square kilometers, with reserves for open-pit selective mining calculated at 209,000 cubic meters of placer and 175 kilograms of gold under C1 grade; off-balance sheet C1 reserves amount to 115,000 cubic meters of placer and 37 kilograms of gold.

The deposit's outline covers part of the middle reaches of the Bogdichi River, a right tributary of the Nerchugan River (part of the Shilka River basin), as well as the middle and lower valley sections of its tributaries, the Savvichi and Perevalny creeks. The deposit is located in the Tungokochensky District of the Trans-Baikal Territory, upstream of the Nerchugan River, 80 kilometers northeast of the town of Aksenovo-Zilovskoye.

Alliance Mining LLC was founded in February 2014, registered in Chita, and is owned by Vladimir Churakov. The company also owns Dzhergun (Chita) LLC, which specializes in gold mining. Alliance Mining holds seven licenses for precious metal deposits in the Trans-Baikal region, four of which are mining licenses. In 2025, the company generated revenue of 1.1 billion rubles (up 42% year-on-year) and net profit of 511.2 million rubles (a 4.36-fold increase compared to 2025).

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com