LLC “Mangazeya Mining” was founded in 2006 and is located in Nerchinsk–Zavodskoy region, Zabaykalsky Krai.
The company holds directly or through subsidiaries several licenses for gold ore fields on Zabaikalsky Territory, which includes:
- The license for exploration and mining of hardrock gold and associated components on Ildikan area, valid until 15.06.2031
- The license for exploration of hardrock gold and associated components on the deeper levels of Ildikan area, valid until 15.04.2015
- The license for exploration and mining of hardrock gold and associated components on Olondo area, valid until 15.12.2013
- The license for exploration of gold deposit on Urum prospective area, valid until 31.12.2014
- The license for exploration and mining of hardrock gold and associated components on Nasedkino deposit, valid until 01.12.2025
- The license for exploration and mining of base and precious metals on Pridneprov area (Magadan Region), valid until 01.07.2028
Currently gold is produced on Savkino deposit which is located in south-east of Zabaykalsky Krai, Nerchinsk–Zavodskoy region. Gold ore mining is carried in the open pit. Technology of heap leaching is applied to extract gold. The Company financial partner and gold buyer is VTB Bank.