26.04.2021

RUSAL commissions a new open pit mine in the Komi Republic with reserves of over 14 million tonnes of bauxite

Moscow, 26 April, 2021 – RUSAL (SEHK: 486; Moscow Exchange: RUAL), a leading global aluminium producer, begins mining at a new open pit quarry at the Vezhayu-Vorykvinskoye deposit in the Komi Republic, with reserves of over 14 million tonnes of bauxite.

The new open pit No. 4 will be the largest at the Sredne-Timansky bauxite mine. Mining capital works (the preparation works) lasted three years, during which the miners of Timan Bauxite successfully coped with a significant volume of stripping operations which amounted to 19.5 million cubic meters. In addition, treatment facilities were built and put into operation, and the necessary mining equipment and machinery were purchased.

There were significant investments made in the mining capital works at the Vezhayu-Vorykvinskoye deposit amounting to almost 2.5 billion rubles, the purchase of new machinery and equipment amounted to about 1 billion rubles, and the construction of treatment facilities cost an additional 350 million rubles.

The start of operations at open pit No. 4 is a new stage in the development of the mine. It is expected that by 2022, production will be completed at open pits No. 1 and No. 3 of the Vezhayu-Vorykvinskoye deposit. Land reclamation will be carried out after the completion of the planning works. Mining capital works are also continuing at open pit No. 2 of the Verkhne-Shchugorskoye deposit where production will start in 2023.

“The development of the Sredne-Timansky bauxite mine is the basis for a stable supply of bauxite to RUSAL's alumina refineries in the Urals, and, therefore, a significant part of the Company's supply of its own raw materials. In addition, the commissioning of the new sections will allow Timan Bauxite to contribute to the socio-economic well-being of the region in the long term,” noted Yakov Itskov, Director of Alumina Division at RUSAL.

The Timan Bauxite enterprise was founded in December 1992. Ore from its deposits is supplied to RUSAL's alumina refineries in the Urals.
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