TASS, August 29. Chukotka’s government estimated construction of a road between the Peschanka gold-copper deposit and the Pevek sea port in the region’s west at 41.5 billion rubles ($608 million), the region’s Head of the Transport, Communications and Road Department Andrei Bykov said on Wednesday during a meeting with Russia’s Deputy Minister of Transport Yuri Tsvetkov.

+”In order to have transport communication between the Peschanka deposit and the Pevek sea port, we would need to build a road worth about 41.5 billion rubles,” he said at the meeting in Anadyr. “The road should be ready by the time the deposit goes operational.”

The priority is to finish building a road, which is 250km long. That road will connect the Ilirnei village with the deposit. According to Bykov, this task is in line with an order from Russia’s President Vladimir Putin to consider this project. The deposit is due to go operational in 2022.

Resources of the Baimskaya area in Chukotka, a part of which is Peschanka, are 23 million tonnes of copper and 2,000 tonnes (64.3 million ounces) of gold. Peschanka holds 9.5 million tonnes of copper and 16.5 million ounces of gold (based on Australia’s JORC methodology). The mine is expected to achieve annual output of 148,000 tonnes of copper and 275,500 ounces of gold, where for the first decade the output would be 250,000 tonnes of copper and 400,000 ounces of gold a year.

The sea port in Pevek extends the territory from 19 to 23 hectares for cargo storages, which would be necessary for development of new deposits and for construction of an energy bridge from Magadan. The cargo turnover is due to grow from 2019, when the port will receive additional construction materials for development of the Kekura, Klen and Peschanka gold deposits. The sea port’s annual cargo turnover is 250,000 tonnes.

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