Trans-Baikal Territory

About the assets

Bystrinsky Mining and ConcentrationArtificial improvement of metallurgical feedstock mineral grades by removing a major portion of waste rock not containing any valuable minerals.Go to the glossary Plant (Bystrinsky GOK) is the largest greenfield project in the Russian metals industry. Located in a hard-to-reach area of the Trans-Baikal Territory, Bystrinsky GOK took a mere 3.5 years to complete.

The facility processes gold, copper and iron ores from the Bystrinskoye Deposit. Going forward, Bystrinsky GOK is expected to process ca. 10 mtpa of ore. The facility is currently running in a pre-commissioning mode. In October 2017, NornickelPublic Joint Stock Company "Mining and Metallurgical Company "Norilsk Nickel” and its subsidiariesGo to the glossary started the pre-commissioning activities. Bystrinsky GOK was commissioned in 2019 and reached its design capacity in 2020. In 2020, Zabaykalsky Division accounted for 13% of the GroupPublic Joint Stock Company "Mining and Metallurgical Company "Norilsk Nickel” and its subsidiariesGo to the glossary’s total copper. Upon reaching design capacity, annual production of metals in concentrate will be around 63 kt of copper, 241 kt of gold and 2.0 million tonnes of iron ore concentrate at a grade of 64.2%. The magnetite and copper concentrates are sold to Russian and Chinese customers (with Japan and South Korea identified as prospective markets), while gold concentrate is shipped to Polar Division’s concentration facilities. Nornickel holds a 50.01% stake in Bystrinsky GOK.

Transbaikal region

Balance reserves of the bystrinskoye deposit

300.9 mt of ore
2.1 mt Cu
282.0 t (8.1 m oz t) Au
1,218.0 t (36.9 m oz t) Ag
67.5 mt Fe

2020 highlight

Zabaykalsky Division accounted for 13% of the Group’s total copper. In 2020, Nornickel’s majority shareholders, Interros, UC RUSAL and Crispian, proposed to spin-off the Bystrinsky project in favour of all Nornickel shareholders. The company’s management is currently developing a spinoff plan for consideration of the Board of Directors and it is expected that the spinoff process may take about two years.

Geological exploration

No geological exploration to increase the volume of reserves was carried out on the deposit in 2018.

Exploration in the Trans-Baikal Territory

Mining assets

The Bystrinskoye Deposit is located in the Trans-Baikal Territory, 16 km east of Gazimursky Zavod.

The deposit is developed through open-pit mining at Verkhneildikansky and Bystrinsky-2 mines, with Medny Chainik and Yuzhno-Rodstvenny mines to be commissioned in 2030.

Nornickel also holds licences for geological exploration of the adjacent Bystrinsko-Shirinskoye Deposit and the Zapadno-Shakhtaminskaya and Tsentralno-Shakhtaminskaya Areas.

Mining assets of Bystrinskoye

Concentration

Bystrinsky GOK processes ores of the Bystrinskoye Deposit to produce copper, magnetite and gold concentrates. The concentrator is designed to have two separate processing streams, both of which were launched in 2018 as part of the pre-commissioning stage.

Copper and magnetite concentrates are sold to third parties, while gold concentrate is further processed at Polar Division.

Bugdainskoye Deposit

Through Bugdainsky MineA mining location for the extraction of ores.Go to the glossary, Nornickel holds a mining licence for the Bugdainskoye Deposit — another asset in the Trans-Baikal Territory rich in molybdenum and precious metals.

With the geological exploration of the deposit completed in 2007, the identified B + С1 + C2 mineral reserves were entered into the government books. 2013 saw the launch of a development project in accordance with the duly approved design documents. In 2014, due to the low global molybdenum prices, the subsoil user suspended its right to develop the Bugdainskoye Deposit for three years.

In 2017, the suspension of the right to develop the deposit was extended for another five years, until 31 December 2022.

Bugdainskoye field

Balance reserves of the bugdainskoye deposit

В + С1 + С2

812 mt of ore
600 kt Mo
360,000 oz t Au
6,221,000 oz t Ag
41 kt Pb
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