Russia Starts Development of New Major Uranium Deposits

Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, & Acquisitions

Date posted: 03/27/17

Tatiana Kanunnikova reports that Vershinnoye deposit is one of the eight deposits of the Khiagda ore field (the total reserves are estimated at 45 thousand tons (about 90 million pounds of uranium (U3O8)), the development of which is carried out by JSC Khiagda, incorporated in Atomredmetzoloto holding company, Rosatom. Its reserves amount to 4577 tons (9.2 million pounds of uranium, the first production is planned to be obtained in 2018. Production Director of JSC Khiagda Andrey Gladyshev said that the company would build more than 1.2 thousand production wells at Vershinnoye, 165 of them have already been drilled...likely referring to in-situ mining wells (both injection and production, and monitoring wells surrounding mining areas).