PJSC Polyus (LSE, MOEX — PLZL), the largest gold producer in Russia, announced that the first stage of hot commissioning of Natalka has been officially launched by Russian President Vladimir Putin via video-link during a ceremony at the Eastern Economic Forum in Vladivostok. Following completion of the hot commissioning, the Company anticipates that full production will be launched at Natalka before the end of 2018 as earlier guided.
The Natalka deposit is Polyus’ main greenfield project, located in Magadan, the Russian Far East. The processing plant is the largest in Russia, with capacity of 10 mtpa. Following a ramp-up it is expected to reach annual production of c. 420—470 koz for the duration of the mine life.
Natalka has Ore Reserves of 16 moz and Mineral Resources totalling 34 moz according to the JORC Code methodology, and is the 15th largest gold asset globally by reserves.
Natalka’s major processing equipment, including the primary crusher, the crushed ore conveyer, the primary SAG mill and the main ball mill, is currently in operation having undergone a successful trial run. The construction of auxiliary facilities and supporting infrastructure is ongoing.by