South Africa

Sierra Leone

Russia, NW

Russia, Far E

Nigeria

Georgia, FSU

Sundry

UK

Home

Capability

About Us

Projects

Heritage

Contact Us

Clients

Siberia

Links

Australia

Kazakhstan

Updated
16 Aug 2008

Lesotho

The Nezhdaninskoye mine in the South Verkhoyansk Mountain Range is accessed over frozen rivers and through mountain passes. Western and Russian mining engineers working with a common goal.

Through Stephen Lay, MMC was providing Project Management services to Celtic Resources Holdings Plc for the development and start up of the Nezhdaninskoye Gold Mine, Russia’s second largest undeveloped gold deposit.

Exploration started in the 1950‘s with the first gold produced in 1975, since, only about 2 million tonnes has been mined producing 285,000 ounces of gold. Considerable infrastructure was developed supporting a township of 3,000 people just 300km from Omykyon, purported to be the coldest inhabited place in the world.

117 orebodies have been identified of which only 18 have been explored significantly. The Russian in-situ geological resource identifies almost 30 million ounces of gold and 100 million ounces of silver.

MMC’s involvement included: management of the Nezhdaninskoye mine, process plant and site; assistance with the Feasibility Studies; and, Stephen Lay as Project Director working closely with Barrick Gold.

In 2006 Celtic Resources sold their share in Nezhdaninskoye to Russian company Polyus.

Self contained site: administration, power generation, accomodation and heating station