en.Wedoany.com Reported - Baikalrud (Байкалруд) LLC, a subsidiary of Hong Kong-based Baojin (Баоцзинь) Company, plans to launch the "Central" (Центральный) open-pit mine at the Noyon-Tologoy (Нойон-Тологой) polymetallic ore field in Russia's Trans-Baikal Territory in October 2028, with a designed annual ore production capacity of 3.5 million tons, according to corporate documents.
The extracted ore will be processed using existing facilities and projects under construction, including Processing Plant No. 1 with a capacity of 1 million tons, Processing Plant No. 2 with a capacity of 2.2 million tons, and Processing Plant No. 3 currently in the design phase. The products of the processing plants are lead flotation concentrate of grade КС-6 (lead content not less than 45%) and zinc flotation concentrate of grade КЦ-4 (zinc content not less than 45%), which also contain iron and copper. Valuable elements such as silver, gold, cadmium, antimony, and sulfur present in the ore are not separately extracted as independent concentrates but are distributed into the obtained commercial concentrates.
The development period for the Central block reserves is 12 years, with an ore volume of 26.718 thousand tons. The designed dilution rate during mining is 4.39%, and the ore loss rate is 4.01%. 99% of the ore reserves are located below the +575 level, with the ore and rock distribution elevation ranging from +695.6 to +360. The company plans to complete the development and mining preparation work for the block's reserves within two years.
In 2025, Baikalrud extracted a total of 3.956 million tons of commercial ore. This includes 185.18 thousand tons from the Southeast block (mine design capacity of 350,000 tons/year, with 57% of in-balance reserves extracted), 1.353 million tons from the Southwest block (mine design capacity of 850,000 tons/year, with 98% of in-balance reserves extracted), and 2.418 million tons from the Eastern block (open-pit mine capacity of 2.2 million tons/year, with 61% of in-balance reserves extracted). Financially, the company achieved operating revenue of 19.915 billion rubles in 2025, a year-on-year decrease of 5.1%, of which sales revenue from lead and zinc concentrates amounted to 19.831 billion rubles (down 5.5% year-on-year). Net profit was recorded at 3.515 billion rubles, a year-on-year decrease of 41.4%.
According to data, Baikalrud LLC was registered in Chita in April 2005. The company's founder is Hong Kong Baojin Resources Corporation (КОО «Гонконгская ресурсная корпорация «Баоцзинь»»), which is affiliated with the Central Asian Silver Polymetallic Group Limited (АКОО «Среднеазиатская Серебряная Полиметаллическая группа Лимитед»). Since 2026, the company has held a license for the Noyon-Tologoy deposit (Alexandrovo-Zavodsky District, Trans-Baikal Territory). After the processing plants reach full capacity, the company expects to produce 812,700 tons of zinc concentrate and 624,600 tons of lead concentrate annually.
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