Lenzoloto

Irkutsk placer business unit was formed in 2004 on the basis of Lenzoloto acquired by the group.

Lenzoloto operates placer deposits in Irkutsk region through its 8 subsidiaries which develop 10 dredging sites and 42 surface production sites. In total 94 placer deposits are developed in the basins of rivers Vitim, Zhuya, Bolshoy Patom and Maly Patom. Lenzoloto employs some 5,000 people.

Lenzoloto runs the largest production facilities in Russia for placer mining. The company’s draglines park exceeds the total capacity of remaining domestic dragline fleet. High capacity mining equipment allows Lenzoloto to mine placers deeper than 50 meters.