en.Wedoany.com Reported - Russia's "Eighth Mining and Geological Company" LLC (ООО «Восьмая горно-геологическая компания») has announced plans to build a processing plant (ГОК) at the Verkhnee-Zolotoe (Верхнее-Золотое) deposit in the Krasnoarmeysky District of Primorsky Krai, with a design capacity of no less than 6 million tons of polymetallic ore. The final products will be copper and zinc concentrates, with the final capacity to be determined after the development of a feasibility study (ТЭО).
Currently, the company has initiated a tender for related work. The contractor is required to prepare two documents: first, a "Feasibility Study for Investment in the Construction of a Processing Plant (including infrastructure) for the Development of Copper and Copper-Zinc Ore Reserves at the Verkhnee-Zolotoe Deposit," with an execution period from September 30, 2026, to March 30, 2028; and second, a "Feasibility Study for Fixed Exploration Conditions as of January 1, 2027, and a Report on the Calculation of Copper and Associated Component Reserves," with an execution period from July 23, 2027, to the second quarter of 2028. Within the framework of the feasibility study, the contractor must also submit plans for the development of the deposit and the layout of infrastructure, considering two scenarios: an optimistic scenario (earlier commissioning of the processing plant, before 2035) and a conservative scenario (later commissioning of the processing plant, after 2035). All project funding will be borne by the client.
In early 2026, it was reported that "Ural Mining and Metallurgical Company-Geo" LLC (ООО «УГМК-Гео») would invest up to 1 billion rubles annually in subsurface geological research in Primorsky Krai, with the primary focus being the Verkhnee-Zolotoe deposit.
The Verkhnee-Zolotoe site is located in the Krasnoarmeysky District of Primorsky Krai, covering an area of 81.13 square kilometers. The license for geological study, exploration, and mining of this site belongs to the "Eighth Mining and Geological Company." According to the Unified State Register of Legal Entities (ЕГРЮЛ), since March 2024, its founder has been "Oilfrost" LLC (ООО «Ойлфрост»), with the ultimate owner undisclosed. Previously, the enterprise was affiliated with N-Mining, which has ceased financial support for operations in Russia. In 2023, the "Eighth Mining and Geological Company" discovered a deposit at the Verkhnee-Zolotoe site with reserves of 311,100 tons of copper and 693.1 tons of silver.
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