Shareholders approved the divestment of on the Polymetal’s Russian business on 7 March 2024. The transaction presents the most viable opportunity for the Group to restore shareholder value by removing or substantially mitigating critical political, legal, financial and operational risks to the Polymetal Retained Group. Completion of the transaction is expected shortly.
Key facts
| Location | Khabarovsk Territory, Russia |
| Ownership | 100% |
| Feed | Albazino, Mayskoye, Kyzyl, Nezhda |
| Processing | High-temperature POX, intensive cyanidation |
| Production start date | 2012 |
| Employees | 646 |
The Amursk POX hub is Russia’s first pressure oxidation plant, and one of Polymetal’s largest projects that combines operations producing refractory materials. The hub processes concentrate from three high-grade refractory gold deposits: Albazino, Mayskoye and Kyzyl.
The hub was commissioned in 2012 and achieved its design throughput and recovery levels in 2013. Since its launch, the hub has successfully gone through three stages of expansion aimed at increasing the plant’s processing capacity and, in turn, strengthening Polymetal’s commercial position on the concentrate market vis-à-vis third party off-takers.
392 Koz of gold were produced in 2022. 16% y-o-y decrease in annual POX production was due to the decline in grade in the feedstock sourced from refractory ore deposits. The plant continued to process Nezhda’s low-carbon gold flotation concentrate with a reasonable average recovery of 95% for the year.
Recovery level increased by 0.5% on the back of slurry conditioning adjustments.
- 85% of heat consumption is from the heat recovery system
- 81% of water used on site is in a closed cycle or treated waste water
- 100% of tailings are now dry-stacked.
- A Hot Cure circuit expansion to further increase POX recovery
- Construction of a two-circuit condensate cooling system
- Processing concentrate from refractory ore deposits with designed recoveries.
The approval and commencement of Stage 3 expansion at the Amursk POX plant was an important milestone in 2016. The increase in POX capacity enabled Polymetal to retain the share of concentrate for in-house treatment, as opposed to a third-party offtake, and improved effective gold recovery from concentrate, as well as bring down processing and transportation costs. The key additions to the equipment were a second oxygen plant, an autoclave discharge thickener, separate filters for thickener underflow and upgrades for heat recovery and water treatment.
The POX de-bottlenecking project finished on time and now operates at planned capacity.
The POX hub is based in Amursk, a city with a population of approximately 43,000 people, located on the northern bank of the Amur River in the Khabarovsk region of the Russian Federation. It is located 350 km from Khabarovsk, the largest city and administrative centre in the region, and 54 km from the large industrial city of Komsomolsk-on-Amur. The production site is accessible by the city road network, with the railway spur located only 4 km away.
The creation of the Amursk POX hub was a key project for the Group’s long-term growth strategy. After careful consideration, Amursk was chosen as the site for our operations for several strategic reasons. Not only did the region offer relatively inexpensive power sources, a qualified workforce and developed transportation infrastructure, but there was an abundance of refractory ore in the far-eastern region with a major lack of processing capacity. So in 2007, the Group secured several land plots intended for the construction of the hub, and after comprehensive engineering and design works, construction began in 2010. Construction finished towards the end of 2011 and the first gold was poured in Q2 of 2012.
The POX plant currently runs at its expanded design capacity.
Pressure oxidation, also known as autoclave leaching, was selected as the preffered processing option for the Albazino and Mayskoye refractory gold deposits. This process is particularly well suited for treating refractory ores that give low recovery rates when directly leached with cyanide. There is solid engineering support behind the project, including:
- Extensive technological testing by SGS Lakefield and Polymetal Engineering
- Basic and detailed design by SNC Lavalin
- High-pressure OEMs from Japan, US and the Netherlands
- Equipment installation, personnel training, commissioning and ramp up closely supervised and consulted by DevMin
- Experienced operators and engineers recruited from base metal POX plants in the FSU
The POX facility is fully automated, with a processing design capacity of 225 ktpa of concentrate, depending on the sulphur grades. The external infrastructure (power, gas and water) and reserved land plots have the capability to accommodate a two-fold increase in the capacity of the Amursk POX facility.
The Amursk autoclave facility was specifically designed to accommodate the complementary Mayskoye and Albazino concentrates, with careful blending to achieve optimised gold recoveries and minimal operating costs. The facility is fully automated.
Flowcharts
The approval and commencement of Stage 3 expansion at the Amursk POX plant was an important milestone in 2016. The increase in POX capacity enableв Polymetal to retain approximately 50% of the Kyzyl concentrate for in-house treatment, as opposed to a third-party offtake, and improved effective gold recovery from concentrate, as well as bring down processing and transportation costs. The key additions to the equipment were a second oxygen plant, an autoclave discharge thickener, separate filters for thickener underflow and upgrades for heat recovery and water treatment.
The POX de-bottlenecking project finished on time and now operates at planned capacity.