The First Ore Mining Company, one of Russia’s largest mining corporations, which develops Pavlovskoye lead and zinc field, one of Russia’s most northernmost mining projects will send most of the output from the field for the needs of metallurgical plants in Europe, according to recent statements, made by the company and some Russian media reports.
As part of these plans, a particular attention will be paid for the supplies to the Nordic states, among which are expected to be Norway, Finland as well as some other countries.
The Pavlovskoye lead-zinc deposit was discovered in the late 1990s on the Yuzhny Island of the Novaya Zemlya archipelago. In terms of reserves of silver-bearing lead-zinc ores, the field is one of the five largest in Russia. It is planned to extract 3.5 million tons of ore annually. For its processing a mining and processing plant with a capacity of 220,000 tons of zinc and 47 ,000 tons of lead concentrate per year will be built and will be located in close proximity to the field.
As Igor Semenov, executive director of the First Ore Mining Company told during the recent "Ports of the Arctic" forum, the Pavlovskoye project will not compete with other Russian projects for the production of lead and zinc due to different sales markets.
According to Semenov, in the EU market, the project will compete with those concentrates, which are imported to it from Latin America, Alaska, etc.
JSC "First Mining Company" acts as the operator and investor of the project. The overall volume of investments in the project is 78 billion rubles (US$1 billion). In November 2020, the company signed a
cooperation agreement for the development of the field with the Finnish company Metso Outotec.
By: Eugen Gerden