SHOWCASE GOLD MINE OF THE WEEK - OLIMPIADA!!
Olimpiada gold mine, located in the Krasnoyarsk region of Eastern Siberia, Russia, currently ranks as the world’s fourth largest gold mine. Its proven and probable reserve is estimated at 30.01Moz (283.17Mt grading 3.30g/t gold) as of December 2012. The gold mine is owned and operated by Polyus Gold. The mine employs a conventional open-pit method with the use of shovel and truck. The extracted ore is processed at two nearby plants with a combined annual capacity of eight million tonnes. First production at Olimpiada gold mine occurred in 1996. The mine produced 653,000oz of gold in 2012. The recently completed exploration activities at the mine site confirmed the significant extension of Olimpiada’s mine life - Mining Technology.
To view the mine in Google Earth, kindly click on the link below: