GeoProMining announces start of 2012/2013 production season at Sentachan

Posted on Nov 13, 2012 in Company news, News and Press releases

GeoProMining announces start of 2012/2013 production season at Sentachan

13 November 2012, Moscow

Русский 

GeoProMining, a diversified international mining group (GPM or the “Company”), is pleased to announce the start of 2012/2013 production season of the Company’s gold and antimony deposit at the Sentachan mine in Yakutia.

As a result of inspecting the technical condition of the Sentachan mine the Lensk Territorial Division of the Federal Service for Ecological, Technological and Nuclear Supervision issued a permission to begin the 2011/2012 production season at the mine.

In 2012 the company purchased new machines for the maintenance of the “winter” road. It is made through the frozen beds of the Elgi and Adycha rivers and from February until April becomes the only ground-based transportation method to the mine located 700 km away from the town of Ust-Nera in the remote region with limited vehicle access. The rest of the year the mine can be reach by helicopter only. The new equipment will help to improve the quality of the “winter” road resulting in better traffic capacity and increased volumes, which can be transported.

Traditionally, the production season in Sentachan begins in November and ends in April of the following year. Technical resources and the necessary supply of diesel fuel were purchased and delivered by road at the end of the previous season in April 2012. Active preparation for the production season starts in September when the mine is reactivated, all necessary supplies for the mine operations and employees accommodation are delivered with helicopters.

GeoProMining is considering different options of expanding its business in Yakutia in the long term including the growth of production volumes at the existing facilities and developing new fields.

Press contacts:

Elena Shuliveystrova

Tel: +7495 232 61 20

Email: e.shuliveystrova@geopromining.com

 

About GPM:

GeoProMining, founded in 2001, is an international, privately held company with a diversified base of gold and other metals assets. GeoProMining engages in mining activities in Armenia and the Russian Federation.