North of Zabaikalye Region (Kalar District)
World class resouces
3rd largest undeveloped copper deposit globally:
Resources (JORC compliant) – 26.7 mt of copper;
Resources as per Russian classification – 20.1 mt of copper;
Resource potential – 27.3 mt of copper.
Annual capacity of Udokan Mining and Metallurgical Plant Stage 1 – 12 mtpa of ore. Start-up in 2022.
Further expansion up to 48 mtpa of ore.
Processing of Udokan ores is based on flotation-hydrometallurgical flowsheet. Udokan Mining and Metallurgical Plant shall produce cathode copper and sulphide concentrate. Annual output of final products of Plant Stage 1 - 130 ktpa
Socio-economic impact (Stage 1 of project development):
Creating of more than 2,000 jobs net of related sectors;
Tax revenues to the budgets of all levels to total more than RUR 750 bn.