RE: 40Moz Monster PGM District20 Oct 2020 13:46
People who know mining, know what comes before mining plans are made - !!!1,000koz at full capacity!!! -
MONCHETUNDRA
A fully funded development project; with 15moz palladium dominated PGM resource, it is one of the largest assets globally not owned by a PGM major.
Asset overview:
Ownership: 80%
Operating Partners: Sinosteel, Central Kola Expedition
Region: Murmanskaya Oblast, Russian Kola Peninsula bordering Finland.
Mine type: Open pit.
Licensing: Mining license to 2038. Financed via Sinosteel EPCF.
Status: Preparation for production.
Product/Offtake: PGM and base metals concentrate (Palladium dominant, Platinum, Gold, Nickel and
Copper).
Infrastructure: Road, Rail, Sea Hub, Power and labour. Close to Finish border
Mine life: >20 years
Target production: 1,000koz at full capacity
Exploration upside: Expanding mineable reserve base via acquisition of adjacent licences.
GLA