The Russian tycoon Roman Trotsenko plans to produce gold and is interested in assets with reserves of at least 50 tons of gold.
“We are not interested in small projects with reserves of less than 50 tons. Composition of ores is not important for us, we are ready to work with refractory ores, with sulfide ores, and this is our specialization. We are not interested in poor ores with a grade of below 1 gram, we do not think it is promising,” he said. “We specifically don’t want underground mining, we have an opencast and open pit. There may be underground mining, but only if it is an element of finalization of a field’s development.”
About 40 fields comply with Trotsenko’s demands, and the republic of Yakutia and the Amur and Krasnoyarsk regions are the most promising territories, but Trotsenko did not name any specific companies that he might acquire.
“There is a short-list, we will comment on that after we close the deals. We have a couple of projects ready for closure,” he said.
Trotsenko has recently sold a 28.34% stake in gold producer Petropavlovsk because it uses a different technology of gold mining, and the money will be spent on acquisition of new assets. Trotsenko may spend up to $1 billion on new mining projects, he said. (Prime/Ukrainian metal)