ABOUT THE COMPANY

radugin_k_v

The Usinsk manganese ore deposit was discovered in 1939 by a talented geologist and scientist named Konstantin Vladimirovich Radugin. It is located in Kuznetsk Alatau, 90 km away from Novokuznetsk. After several days of purely visual studies of the deposit, Radugin estimated manganese ore reserves in excess of 100 million tons, and later, a detailed exploration confirmed his words. For his discovery Radugin has been awarded the Stalin prize of the second degree.

Today the Usinsk deposit is the largest in Russia (55% of reserves) and the fourth largest in the CIS (among developed deposits). It is estimated that its resources are sufficient to last more than 100 years. In 2005 CJSC “CHEK-SU.VK” acquired the license to develop the deposit for a 20-year period with the possibility of extention. The Usinsk deposit has become a resource base for the creation of CHEK-SU’s mining and metallurgical complex.

In August 2007, the State Committee on mineral reserves confirmed the Usinsk deposit’s manganese ore reserves.

In September 2011, IMC Montan conducted the valuation of the reserves according to the international JORC standards.

The first 45 years of production at the Usinsk deposit will be carried out using the open-pit method. After the end of the mine life of the open pit, more than half of the Usinsk manganese ore reserves will remain in the deposit’s subsoil. The area where the Usinsk deposit is located is not designated as a specially protected nature preserve. In this area there are also no objects of significant historical or cultural value.

The development of the Usinsk manganese ore deposit will create about 600 permanent jobs in the Kemerovo region and will significantly add to the local budget. CHEK-SU has already contributed more than 40 million rubles in lease payments, and 32 million rubles were paid to the budget for the construction of the roadway from the Kemerovo Oblast border to the Usinsk deposit.