Asset Report

Varvaro (Varvarinskoye) copper mine

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04 September 2018

Varvaro (Varvarinskoye) copper mine

Report summary

Varvarinskoye is an open-pit mine that was commissioned in Q4 2007 and has been in production since Q2 2008. It  has excellent access to roads, railways and power lines which were present prior to mine development. The operation was acquired by OJSC Polymetal from Orsu Metals in November 2009 and has since been equipped with additional mine fleets to ramp up to its full ore processing capacity of 4.2Mt/a by mid-2012.

Table of contents

  • Key facts
    • Summary
    • Varvarinskoye is an open-pit mine that was commissioned in Q4 2007 and has been in production since Q2 2008. It has excellent access to roads, railways and power lines which were present prior to mine development. The operation was acquired by OJSC Polymetal from Orsu Metals in November 2009 and has since been equipped with additional mine fleets to ramp up to its full ore processing capacity of 4.2Mt/a by mid-2012.
    • Key Issues
    • Due to a successful exploration program, the company significantly increased its resource and reserve base in 2012/2013. This has resulted in a significant mine life extension (from 2021 to 2029). Subsequent exploration drilling has helped to further extend mine life to 2032.
  • Location maps
  • Geology
  • Reserves and resources
  • Infrastructure
  • Production
    • CAPEX
    • Process
    • Royalty
  • Timeline

Tables and charts

This report includes 3 images and tables including:

  • Key facts: Table 1
  • Detailed map
  • Reserves and resources: Table 1

What's included

This report contains:

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