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30 March 2017
Rosatom and Arkhangelsk Region Agreed on Developing Cooperation for the Implementation of the Pavlovskoye Project
On 30 March 2017, the International Arctic Forum “The Arctic: Territory of Dialogue” held in Arkhangelsk was highlighted by signing the Agreement on Cooperation in the Field of Integrated Development of the Arctic Zone of the Russian Federation between Rosatom State Corporation and the Arkhangelsk Region.
Igor Orlov, Governor of the Arkhangelsk Region, and Alexey Likhachev, CEO of Rosatom, were the respective signatories.
The Agreement stipulates interaction between the parties in order to ensure sustainable social and economic development of the Arkhangelsk Region by creating prerequisites for attracting investments and implementing the mining project of Rosatom State Corporation for the development of the Pavlovskoye lead-zinc ore deposit (on the Yuzhny Island of the Novaya Zemlya Archipelago, Arkhangelsk Region) and the construction of a deep water area of the Arkhangelsk seaport.
The key areas of cooperation will be the development of the transport infrastructure of the Arkhangelsk Region, in particular, the inclusion of the sea terminal on the Yuzhny Island of the Novaya Zemlya Archipelago, Arkhangelsk Region, into the seaport of Arkhangelsk (including the deep water area). The Agreement also stipulates the development of logistics support, including the assistance in arranging year-round navigation for uninterrupted and environmentally safe vessel escort to the Yuzhny Island of the Novaya Zemlya Archipelago, Arkhangelsk Region.
Alexey Likhachev, CEO of Rosatom, commented as follows: “One of the priority development directions of Rosatom State Corporation in the long term is diversification of the product portfolio and entry into new markets. The Pavlovskoye project in the island of the Novaya Zemlya Archipelago is right up our alley in this regard. I am confident that this Agreement will serve as a good basis for a more fruitful cooperation between Rosatom and the Arkhangelsk Region aimed at discovering the social and economic potential of the area and implementing a truly unique project in the Russian Arctic; especially since preliminary agreements to sell the entire volume of the products planned to production to Russian and foreign partners have already been reached with the potential consumers”.
Background Information:
Pavlovskoe is one of the major lead-zinc ore deposits in Russia. Its reserves are estimated to contain 47.7 mln tonnes of ore (2.49 mln tonnes of zinc, 549 thousand tonnes of lead and 1,194 tonnes of silver). JSC First Mining Company (JSC FMC, subsidiary of ARMZ Uranium Holding Co./JSC Atomredmetzoloto, part of Rosatom control loop) plans to build a mining enterprise with a capacity of up to 3.5 million tonnes of ore per year in the island of the Novaya Zemlya Archipelago.
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