MONCHETUNDRA PROJECT - KOLA PENINSULA
Monchetundra is a fully permitted palladium driven complex of open pit deposits being developed towards production adjacent the mining town of Monchegorsk. An EPC contract and finance package is in place with Chinese Group Sinosteel. The production license is valid to 2038.
Project Highlights
Reserves + Resources
2 million ounces 2 PGE + Au
(Palladium and Platinum)
2 million ounces 2 PGE + Au
(Palladium and Platinum)
State approved reserve and resource.
Permitted for mining
Permitted for mining
Polymetallic deposit with substantial by products
Copper – 28,124 tonnes,
Nickel – 30,410 tonnes,
Nickel – 30,410 tonnes,
EPC contract agreed with Sino Steel
EPC Finance : 85% 10 year facility at 6m LIBOR+3.5%
PROJECT HISTORY; DISCOVERY TO RESERVES APPROVAL
