Project description
and objectives:
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The proposed project is to develop the Berezitovy gold deposit and to
construct a mine and processing factory in the Tynda District, Amur Region.
The deposit will be developed by open pit mining and by recovering precious
metals at the CIP plant.
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Transition impact:
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The transition impact potential of the project is derived from the positive
influence of an experienced foreign investor on the Russian mining industry
through demonstration effect associated with application of international best
mining practices in design and development of a greenfield mining project in
the Russian Far East and through increased transparency brought to the sector
by TSE-listed sponsor. The Bank’s involvement will promote the enhancement of
safety and environmental standards and strengthen competition within the
sector by stimulating domestic market participants towards more efficient
utilisation of resources and modern production processes.
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The client:
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OOO “Berezitovy rudnik” is a Russian company that implements the project and
holds the license to mine Berezitovy gold deposit. It is 99% owned by High
River Gold Mines Ltd of Canada and 1% is owned by Amur region.
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EBRD finance:
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Loan of up to USD 25 million.
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Total project cost:
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USD 85.6 million.
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Environmental impact:
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This project has been screened A/1. The environmental due diligence of the
project has been completed and included a review by an independent consultant
of the Russian standard EIA and a Feasibility study to assess its adequateness
and completeness vis-à-vis EBRD’s Environmental Policy and pertinent EU
standards. The Environmental Action Plan (EAP), developed for the project,
contains mitigation measures for issues such as air emissions, impacts to
soil, impacts to surface water and groundwater, cyanide management, waste
management, site reclamation and environmental monitoring. The EAP also
contains schedule for implementation of listed activities along with the
allocated budget.
EIA documentation and the EAP have been disclosed on 19 December 2005.
There is an Environmental Impact Assesment available for this project.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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OOO “Berezitovy Rudnik”, “Bolshoi HUAFU” business centre, office 401, 4th
Floor, 102 Krasnoarmeiskaya Street, Blagoveshensk, 675000, Amur Region,
Russian Federation
Contact: Mr. Anatoly Alexandrovich Zarukin, Deputy General Director for Public
Relations and Government Liaison, Tel: +7 416 2 220689
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EBRD contact:
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Alexandre Filkine, Operation Leader: filkinea@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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