Project for construction of Ozernoe Mining and Processing Plant …mvs.metropol.ru/mediacache/68fb83a5-fbf3-439e-ac18-aee... · 2009-12-18 · Ozernoe deposit (Zn, Pb, Au) is owned
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Project for construction of Ozernoe Mining and Processing Plant for the production of Zinc, Lead
and Gold concentrates. Republic of Buryatia, the Russian Federation
(Summary of Bankable Feasibility Study)
Presented by: Sergey Garichev – Deputy General Director, MBC Corporation
London - December 1-2, 2009
Ozernoe deposit (Zn, Pb, Au) is owned by Metropol Group of Companies (MBC Corporation). Located inBuryatia, 180 km north from Transsib railway; in the vicinity of main consumers in China. The JORC IndicatedResource totals 157 Mt of ore. The deposit is one of the best in reserves, ore quality and logistics.
The construction of Ozernoe mining and processing plant is being planned to mine 8,0 mtpa of ore andto produce 740 thousand tons of Zn concentrate, 110 thousand tons of Pb concentrate and 2,5 tons of‘Dore’ alloy.By production volume Ozernoe deposit could move up to the 6-7th place among the world producers.Commissioning – year 2012, reaching production capacity – year 2013.
The first infrastructural facilities have been built and commissioned: a shift camp, a core storage, localroads, cellular telecom system, satellite Internet, power lines.These secure advancement of the construction of the mining and processing plant
A Technical Project for deposit stripping has been approved by the Russian authorities. Stripping andblasting work commenced. The construction of the mining and processing plant is in progress, to becommissioned at the end of 2010. Tenders for the delivery of a mining equipment, complete process plantequipment and power plant are issued.
A Bankable Feasibility Study is developed. An approval is received from the Ministry of Industry and oneof the leading banks of Russia. The discussions on the project financing are ongoing with the largest banksof China, Japan and USA.
Project status
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Location of the Republic of Buryatia in EurasiaDistance by rail:
Moscow - 6100 kmVladivostok (sea port) - 3400 kmChelyabinsk (customer in Russia) - 4300 kmUst-Kamenogorsk(customer in Kazakhstan) - 3300 kmBeijing(customers in China) - 2900 km
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Assets of «METROPOL» Group managed by MBC Corporation. Transport infrastructure of Buryatia.
1. Ozernoelead-zinc deposit
157 mln tons of ore (JORC)(Zn – 8,16 mln tons, Pb – 1,6 mlntons, Ag – 4,5 thous.tons)
4. Ermakovskoeberyllium deposit
1,4 mln tons of ore(Be content – 1,0%)
3. Nazarovskoegold-sulfide-zinc deposit
6 mln tons of ore(Zn – 0,5 mln tons, Au – 11 tons)
5. Talinskoebrown coal deposit
13 mln tons of coal
2.Kholodninskoelead-zinc deposit
178 mln tons of ore (JORC)(Zn – 10 mln tons, Pb – 1,42 mln tons)
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Ozernoe ore deposit – General description
Location - 160 km north from Mogzon rail station of Transsib, 30 km from federal road Ulan-Ude - Chita, 60 km from regional center - Sosnovo-Ozerskoye settlement.
Ozernoe ore deposit is one of the world’s largest deposits
Reserves and resources, accounted by the State balance of Natural resources of RF:
Resources as per JORC
В+С1- 104, 96 Mt of ore
Lead - 1,31 Mt 1,25 %;
Zinc - 6,90Mt 6,57 %;
Silver - 3942 t 37,6 g/t;
С2 - 23,2 Mt of ore
Lead - 0,2 Mt 0,89 %;
Zinc - 1,14 Mt 4,89 %;
Silver - 571 t 25,5 g/t.
Resource potential
Gold - 25 t
Indicated Resource:
157 Mt of ore*
Zinc – 5,2 %
Lead – 1%
*Resource classification by AMC Consultants (UK), 2006.
Valid till: 15 June 2024
Mining License
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As per grade and volume, Ozernoe is comparable to the world’s largest zinc deposits
Grade and volume comparison with other similar foreign projects
Red Dog
Lanping
Shalkya
Rampura-Agucha Century
Mount Isa
McArthur River
VazanteAngouran
Antamina
Ozernoe
0
5
10
15
20
25
30
0 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32
Gra
de, %
Reserve + Resource, Mt
Project Owner
Mount Isa Xstrata
Red Dog Teck ComincoMcArthur
River Xstrata
Lanping BHP Billiton
Rampura-Agucha Hindustan Zinc
Shalkya Shalkya
Ozernoe MBCCentury OZ minerals
AntaminaXstrata/BHP/Teck Cominco
Vazante CMMAngouran Anzex Resources
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Strategic objective –Construction of “Ozerny GOK” mining and processing plant on the basis of
polymetallic ores reserves of Ozernoe and Nazarovskoe deposits
Mining method – open pit
Operations startup – 2012
Mining rate –8,0 mtpa in total .
Annual average concentrate production:
- Zinc concentrate - 740 thousand tons
- Lead concentrate - 110 thousand tons
Annual average metal production in Dore alloy:
- Silver - 100 tons
- Gold - 1,24 tons*
* including Reserve of С2 category and Resource of Р1 category
GOK Life time – 25 years
Designed output capacity of Ozerny GOK:
Ozerny GOK Project
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Source: Company data, broker reports 8
Planned production volumes of MBC will bring the company into line of the world’s largest zinc producers
Zinc producers (zinc in concentrate)
627 578 572 561 509390 368 328 288
210 191
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300
400
500
600
700
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Thousand tonnes / year
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Sales breakdown
Pricing scenarios Proceeds,
mln $/year
Conservative forecast
Zn – 1350 $/t;
Pb – 1300 $/t;
Ag – 13 $/oz;
Au – 950 $/oz
600
Current prices
Zn – 2370 $/t;
Pb – 2368 $/t;
Ag – 18 $/oz;
Au – 1129 $/oz
1 070
Probable forecast
Zn – 2500 $/t;
Pb – 2500 $/t;
Ag – 20 $/oz;
Au – 1200 $/oz
1 211
Ozerny GOK Project
Russia
Kazakhstan
China
50%30%
20%
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Main construction facilities
Ozerny GOK Project
Facility Features
Open cast mine 650 million tons of rocks to be moved
Processing plant Production rate - 8 mtpa of ore
Tailings and Pyrite storage Total volume – 111 million tons
Site infrastructure Site area – 35 sq.km
Power line (“Buryatenergo” – local grid) 110 kV, 25 MW
Power plant 60 MW
Automotive and rail roads 161 km
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Long-term action plan
Key stages Start time of activity
Stripping
Commissioning of a mining enterprise
Commencement of Processing Plant construction
Commissioning of Mining and Processing Plant
Production ramp-up to designed mining rate
III Q, 2009
III Q, 2010
I Q, 2011
I Q, 2012
III Q, 2013
Ozerny GOK Project
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Ozerny GOK Project
Design and TEO works
Technical Project of construction of Ozernoe Mining and Processing Plant in Russian format
Sibtsvetmetniiproekt
Krasnoyarsk, Russia
2010
Technical Project “Stripping and pilot mining of Ozernoe deposit”
PiterGorProject
St.Petersburg, Russia
2009
Sections of International BFS Hatch
Perth, Australia
2008
Business plan for Construction of Ozernoe power plant
SibVNIPIenergoprom
Irkutsk, Russia
2007
TEO (project) of construction of rail road Mogzon-Ozernoe
Vostsibtransproekt
Irkutsk, Russia
2007
Strategic options and business plan of MBC Corporation
Roland Berger
Moscow office, Russia
2007
Pre-feasibility Study AMC Consultants
Maidenhead, UK
2006
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Ozerny GOK Project
Isinga Lake
Gunda Lake
Khorga Lake
Site layout
1. Open pit, processing plant2. Power line 110 kV3. Power plant 60 MW4. Road and rail to Mogzon station5. Tailings storage facility6. Pyrite storage facility7. Warehouses, auxiliary 8. Water pipe9. Shift camp
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Mining – open pit
Life of mine – 18 years.
A mining transportation system using dump trucks and putting wastes into outside dump is adopted
Preparation for rocks excavation is to be carried out with drilling and blasting
Total volume of material to be moved – 650 mln tons
Ozerny GOK Project
Open pit parameters at the end of development:
- in plan: 2675 х 900 m.- depth: 340 m.
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Process flowsheet. Processing plant. Schematic process flow diagram.
Ozerny GOK Project
Thickening and filtration of Pb concentrate
Crushing
Separation Grinding
Reverse water treatment
Reagent storage and preparation
Flotation
Reverse water recovery and return
Lump waste to dumps
Stockpiling and shipment of Pb
concentrate[Pb]≥50%
Tails transportation and disposal to
tailings storage facility
Ore8 mtpa
Chemical composition:Zn = 3,3-6,1%Pb = 0,6-1,2%Fe = 23-30%S = 20-30%Au = 0,1 g/tAg = 18-56 g/t
Mineral composition:Sphalerite – 4,7-5,1%Galenite – 0,6-0,9%Pyrite – 25-40%
Thickening and filtration of Zn concentrate
Stockpiling and shipment of Zn
concentrate[Zn]≥53%
Ore stockpile
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Built infrastructure
Ozerny GOK Project
Shift camp Core storage facility and geologists’ camp
Power line 10kV Telecom, Internet
Roads, a bridge
Core storage
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Completed works on construction of mining and processing enterprise
Ozerny GOK Project
Forest removal is completed on an area of 85 hectars.
Top soil removal and stripping was completed at the open-pit area cleared from the forest. According to the Mining Plan for 2009 127 000 м3 of top soil have been removed to stockpile and of 273 000 м3 of overburden - to waste dumps.
In October this year 60 000 м3 of rocks have been blasted. 854 holes (4300 meters) drilled, 35 tons of explosives used.
Waste dumps and top soil stockpile have been set up.
On-site roads - 10 km have been built
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Project management team
Mikhail Slipenchuk – Chairman of Board of Directors of MBC Corporation, General Director of IFC “METROPOL”.
Ilya Okhtyrsky –General Director of MBC Corporation, Deputy general director of IFC “METROPOL”.General management, project financing.
Sergey Garichev –Deputy General Director of MBC Corporation. FEED, design, TEO and BFS development, production setup, operative planning.
Dmitry Novikov –Chief Engineer of MBC Corporation. Design and engineering in Russian format.
Ilgizar Fakhrutdinov –Director of Ozerny GOK.Management of site activities.
Public Relations DirectorTatiana Rovenskaya - rovenskaya@metropol.ru
MBC Corporation
Russia, Moscow 119049, 13th Donskaya street
Tel/Fax: +7 (495) 221 71 21info@mbc-corp.comwww.mbc-corp.com
Alexander Perfiliev–Deputy Technical director of “MBC Resources”. BFS development.
MBC Corporation
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