Molybdenum News Center

Sorsk Molybdenum Deposit

The Sorsk molybdenum deposit contains 58.1 million tonnes of proved molybdenum ore reserves and 140.3 million tonnes of probable molybdenum ore reserves. Based on a capacity of 10.0 million tonnes per annum, the estimated operating life of our Sorsk mine is 20 years, according to the independent technical report prepared by SRK.

The Sorsk molybdenum deposit is located in the territory of the Ust-Abakan district of the Republic of Khakassia in Western Siberia, 105 kilometres to the northwest of Abakan, Khakassia's capital. The deposit is located at the foot of the eastern slope of the Kuznetsk Alatau, an area characterised by mountains of medium altitude which are sharply but not deeply dissected by short and wide plains and ravines.

The deposit was discovered in 1937 and mining began in 1950. The reserves were certified by the State Committee for Reserves of the Soviet Union in 1980. In 1949, the Soviet government began constructing the Sorsk Molybdenum Complex and in 1955 the first concentrator was activated. In subsequent years the plant was expanded to reach a concentrator capacity of approximately 9.0 million tonnes of ore per annum in 1989. Our Group acquired the Sorsk facilities in 2003. In 2005, construction of a ferromolybdenum plant with a design capacity of approximately 4,500 tonnes of ferromolybdenum per annum was commenced. The first stage of the ferromolybdenum plant was put into operation in January 2006, and the second stage was put into operation in November 2006.

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