PJSC Rosolovo has won the auction for the right to use subsoil reserves with the aim of geological prospecting, exploration and production of tin, tungsten, zinc, copper ore, gold and silver in the Pyrkakay Stockworks subsoil site in the Chaunsky district of Chukotka autonomous area, according to a statement by Seligdar Holding.
The ore base expansion will enable the company to substantially ramp up production of tin and related metals going forward.
PJSC Rusolovo is the only tin production company in Russia.
Seligdar (tax number: 1402047184) is a gold mining holding established in 2008 on the basis of the co-operative association of prospectors Seligdar and five other gold mining enterprises. The company and its subsidiaries are principally engaged in the prospecting drilling, extraction, processing and sales of precious metals (gold, silver and platinum metals); also, they provide consulting services concerning business activity and management.
