Name:

Pokrovskiy Rudnik & Pioneer Deposit

Ownership:

100% owned by OJSC Pokrovskiy Rudnik

Mine type:

Surface mining operations

Reserves/ resource base:

Location:

Amur region, Russian Far East.  Pioneer is located 35km north-east of Pokrovskiy

Licence:

Pokrovskiy licence issued on 16 May 1994 and re-issued to OJSC Pokrovskiy Rudnik in 1997.  The licence runs until 1 June 2014 and may thereafter be extended with the consent of the licensing authorities.  Pioneer licence issued on 15 January 2001 to OJSC Pokrovskiy Rudnik and valid until 31 December 2013 and may thereafter be extended with the consent of the licensing authorities.