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VEB intends to participate in implementing projects on the development of platinum deposits in the Krasnoyarsk Territory

10 november 2015 года
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VEB and LLC Russian Platinum signed a Memorandum on cooperation in implementing projects in the Krasnoyarsk Territory.

On behalf of Vnesheconombank the Memorandum was signed by Chairman Vladimir Dmitriev and on behalf of LLC Russian Platinum – by Board Director Musa Bazhaev.


The parties intend to participate in implementing and funding projects on the development of the Chernogorsk deposit and the southern part of Norilsk-1 deposit (platinum group metals, copper, nickel, cobalt).

The project on the development of the Chernogorskdeposit provides for the construction of a mine to produce up to 9 million tons of ore per year, an ore processing plant and relevant infrastructure. The project on the development of the largest platinum group metals deposit –Norilsk-1is scheduled to be implemented in two stages with achieving ore production volumes of 18 million tons per year after reaching projected capacity.

Under the Memorandum, the project’s initiator LLC Russian Platinum is ready to have allauthorizations on projects provided as well as have plots of land assigned. In its turn,VEB intends to carry out expert examination of the projects with a view to potential strategic partnership.

VEB’s participation in projects aimed at boosting efficiency of natural resources utilization is one of the Bank’s main lines of activity.

Russian Platinum is one of the leading platinum group metals (PGM) producers in Russia. By PGM reserves (3600 tons)the company takes first place in the world. The platinum production at the Konder deposit located on the territory of Ayano-Maisky district of the Khabarovsk Territory amounted to 2802 kg (90 086 ounces) for 10 months of the current year. The holding comprises the Chernogorsk deposit andthe southern part of Norilsk-1 deposit, which are located very close to the city of Norilsk.


Press Office of VEB
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru


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