Molybdenum News Center

Zhireken Molybdenum Deposit

The Zhireken molybdenum mine and processing facilities are located in the Eastern Transbaikal area of Southern Siberia, 400 kilometres from the city of Chita and seven kilometres from the Trans-Siberian Railroad. The nearest airport is located in Chita approximately 400 kilometres from the Zhireken facilities. There are two main entrances to the facilities, one leading from the town of Zhireken and another on the industrial side of the site where the main road for transporting ore away from the site is located.

The Zhireken molybdenum deposit was discovered in 1958 and was initially explored during 1961-1966 by an exploration team from Chita Geological Department of the Ministry of Geology of RSFSR. The deposit's reserves were first certified in 1966. Construction of the Zhireken facilities began in 1982, with the first concentrator being completed in 1988 by the Soviet government. From 1996-1999, the Zhireken plant was inactive and became operational once again in 2000, when substantial resources were invested in related infrastructure. A pilot ferromolybdenum production plant consisting of one hearth furnace was constructed and launched in 2003 and a second hearth furnace was constructed in 2004. In 2005, roasting, crushing, blending and smelting shops were constructed for the processing of molybdenum concentrate into ferromolybdenum. Our group acquired a controlling stake of 75% in Zhireken GOK, the owner of the Zhireken facilities, in 2003 and in 2005 we acquired the remaining 25% in Zhireken GOK.

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