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ROSATOM’s Mining Division Presents Pavlovskoye Project at 5th International Arctic Forum
During the Forum, 2 cooperation agreements were signed as part of the implementation of this major investment project.
The trilateral agreement was signed by the Government of the Arkhangelsk Region, Atomredmetzoloto, JSC and The First Ore Mining Company, JSC, which acts as the operator of Pavlovskoye project. The agreement defines the order of interaction between the parties, according to which the operator undertakes to attract investments for the construction of Pavlovsky Mining and Processing Plant, and the Government shall create the necessary conditions and provide information and advisory support. The volume of investment in the Project is estimated at RUB 35 billion. Also, earlier, agreements were reached with the Government of the region on the granting of tax benefits for the period of the facility construction and commissioning.
Another document, a memorandum of cooperation, was signed with Concern VKO Almaz-Antey, JSC. Vladimir Verkhovtsev (Director General of ARMZ) agreed with Yan Novikov (Director General of Concern VKO Almaz-Antey, JSC) on cooperation in the creation of air transport infrastructure and special automated equipment based on the use of innovative technologies for work at Pavlovsky MPP, and also in ensuring safe operation of the mining cluster in the Arctic region.
«The Arctic Forum is an excellent platform for a comprehensive discussion of projects implemented in the Arctic region. Pavlovskoye is the largest project of Rosatom in mining solid minerals at high latitudes, the implementation of which is proceeding according to the schedule. The construction of the port as part of the northern sea route infrastructure, an increase in cargo turnover is the contribution of ARMZ to the development of the Arctic. Today’s agreements and cooperation with partners are proof of that,» emphasized Director General of ARMZ Vladimir Verkhovtsev. For reference: Pavlovskoye project involves the development of a polymetallic deposit of the same name on the Novaya Zemlya archipelago. As part of the project, it is planned to construct the most northern mining and processing plant for the production of lead and zinc concentrates (with capacity of up to 3.5 million tons of ore per year). At the moment, geological exploration, engineering and survey work have been fully completed; the design of the mining and processing plant and port complex has also been completed.