en.Wedoany.com Reported - The Siberian Federal Subsoil Resources Management Agency plans to auction the exploration and mining license for the Neryunda magnetite deposit in Irkutsk Oblast on July 30, with bids accepted until July 16.

The license is valid for 20 years, covering exploration and mining, with a starting price of 2.271 billion rubles for the one-time payment. This is 2.44 times lower than the previous auction in 2024, which was declared invalid due to a lack of bidders.

The block covers an area of 10.18 square kilometers. The balance reserves of magnetite for open-pit mining include 70.529 million tons of Category B, 131.408 million tons of Category C1, and 2.688 million tons of Category C2. These reserve figures were approved in 1971 and currently require reassessment.

In 2023, Russian Coal Siberia LLC (ООО «Русский Уголь Сибири») announced plans to develop the deposit, proposing the construction of three mining complexes and two processing plants at the Neryunda, Kapaev, and Polivskoye deposits in the Ust-Ilimsk District, with a total project cost estimated at 27.9 billion rubles.

The Neryunda deposit is located in the Ust-Ilimsk Municipal District of Irkutsk Oblast, near the Neryunda River, 105 kilometers northeast (straight-line distance) of the city of Ust-Ilimsk and the railway station of the same name, connected by road. The mining area is situated in a remote mountainous taiga region of the Siberian Platform, classified as equivalent to the Far North in terms of living conditions. Electricity for the deposit area is supplied by the Ust-Ilimsk Hydroelectric Power Station.

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