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Chapter 245 Gold Mining

Chen Lidong immediately told Andrei the news about Kubol's discovery of the mine, and Lovich later learned the news.

This is of course a great thing! Being able to harvest 60 tons of gold is considered a considerable fortune. According to the international trading price of gold at this time, it is approximately equivalent to US$570 million.

At the same time, Wang Hongbin and Chen Huangzhi in Anadyr were discussing specific matters regarding the implementation of the project with relevant personnel from the municipal government.

Wang Hongbin discounted the feedback he gave to the city government and found that the veins were genuine, and the preliminary proven reserves were: 30 tons.

Then the wrangling stage begins.

Polar Mining, oh no, actually Donghua Mining started to organize a special team to find references and set up formulas to calculate the benefits of this gold mine.

After Chen Lidong told Gu Yaoshan about the situation, he was also looking for information and provided some data.

30 tons of gold equals 960,000 ounces. According to the international gold price of US$300 per ounce at this time, the output value of this mine was US$288 million.

The average cost of mining 1 ounce of gold in other areas of Mao Xiong is US$130 to US$150, and it costs at least US$200 to put it in Kupol.

Therefore, it will require an investment of US$190 million to mine this gold vein.

These expenses will be split into various profit and loss items.

That's right, do you think those accountants first calculate the cost of buying a piece of paper and then add up the cost-effectiveness?

No, they often allocate various data backwards based on the level of the same industry.

After several days and nights, Zhang Deng stayed up late to make detailed calculations, and the construction costs of the Kubol Gold Mine turned into a thick project profit and loss analysis.

Let’s talk directly about the big expenses:

Infrastructure, smelting equipment investment and operating costs are US$160 million;

Mining cost $25 million;

Taxes and financial expenses, etc. 5 million US dollars.

Now, with this account, we can talk to all relevant parties. Which parties should we talk to?

In addition to Chen Lidong and Andre, the people who are most concerned about this gold mine are Chu Keqi's forces.

After all, this is Chukchi’s territory. The rules of the Mao Xiong Country are that mineral resources are owned by the state, and mining must obtain approval from both the local government and the federal government.

Therefore, if Polar Mining wants to continue to operate here, it must obtain the support of the Chukchi people in order to smoothly handle the follow-up procedures.

Therefore, once we have the feasibility report and investment profits and losses of the Kubol Gold Mine Project, we need to talk to the Chukchi people.

Chen Huangzhi, it was Abra who came to the city government again, submitted the project feasibility study report to the head of the mining department, and said: If investors from Chukchi want to get involved, they can just spend money to participate in the shares.

The mining industry will actively and responsibly protect the rights and interests of all investors.

In short, Jiji Mining welcomes funds from all relevant parties to invest in the project, and as much as you contribute, you will get as much benefit as possible.

...

According to the report submitted by Abra, the mine has 30 tons of reserves. The cost of mining and smelting gold is US$200 per ounce. Based on current market conditions, you can earn US$100 for every ounce of gold produced.

Based on this calculation, this gold mine can generate benefits of US$93.75 million.

Of course, the price of gold is now on a downward trend. If it is mined next year and the price drops to US$250 per ounce, the income will be discounted by 50%, and you will only earn US$50 per ounce. You will still make money, but

Not plump enough.

The current chairman of the Chukchi Autonomous Region, Tachyon Nazarenko, is also a wealthy man. He rarely participates in the administrative affairs of the region, but he is very concerned about investment.

In the Far East, it is normal for oligarchs and rich people to be high-ranking local officials.

After listening to the report about the project by his butler, John Lehman, director of the Arnold City Hall, Taziyan felt a little "tasteless": it was tasteless to eat and it was a pity to throw it away.

As a person from the Far East, he is more sensitive to the price of gold. The price of gold is currently US$300 per ounce, but experts say it may drop to US$250 by the end of this year. Tachyon agrees.

Calculating it now, it seems that I can earn 100 million, but I will probably be lonely by then.

Jiji Mining is a company that has only been registered for a month. It is said that it is a company set up by companies in the south who pooled their money.

His housekeeper also said that the people in the polar mining industry are not professional. If you are teammates with such people, you may suffer losses.

Judging from the other party's prospecting situation, the grade of this vein is indeed excellent. Exploration is exploration, and actual combat is actual combat.

By then, it will definitely not be as outrageous as 37.5 grams per ton. It is estimated to be more than a dozen grams per ton. Even based on the exploration grade, hundreds of thousands of tons of ore will be processed every year. How will they deal with it?

Can a smelting factory be built in a deserted place like Kupol? Are you kidding me?

But what if we don’t smelt in the mine? Where is the road to transport the ore? Should we use an airplane... or someone to carry it out? Are you kidding me?

A few days later, John Lehman contacted Abra and said that our chairman had invited some local business owners to do their best to raise US$6 million in funds, hoping to help this project.

In fact, out of 6 million US dollars, Taqiyang will only contribute 800,000, which is the only idle fund he can use now. The more than 5 million will be collected by other partners who cooperate with him.

Taziyang paid for the shareholding because of Lovich's reputation. After all, Lovich was stronger than him, and Lovich personally greeted him and asked him to take care of the polar mining industry.

What to take care of? You have to provide some money; in addition, Taqiyang is also curious about how these guys get the gold out of that place.

John Lehman continued: "We are ready to receive these funds within 6 months. In addition, we have two opinions.

First, investment income and taxes paid must be paid in gold, and the price refers to the international market price of gold in the same period.

Second, we need to verify all gold produced."

Abra, oh, Chen Huangzhi said he wanted to discuss it with the shareholders.

When Chen Lidong and others analyzed these two items, it made sense: they wanted gold because the ruble was depreciating, and it was the autonomous region government's responsibility to check gold output.

One day later, Abra replied to Butler John: "First, gold mining will probably start before the end of June, so the project funds from all parties must be in place within 3 months. You can raise as much as you can by then.

Second, there is no problem in paying various expenses in gold.

We also hope that the gold produced will be registered here, and we hope that the government will help us complete the relevant procedures."

The general direction was thus decided.

In the above negotiations, the silver issue seems to have been ignored by both parties.

This is mainly because the price of silver is 60 times different from gold at this time. According to the prospecting results, this vein can produce approximately 200 tons of silver, equivalent to 3.3 tons of gold. To refine these 200 tons of silver, a corresponding increase in

The flotation and enrichment process increases corresponding equipment and operating costs, so it is normal for silver not to be accounted for.

John then also asked about the situation of the metal smelting plant, and Abra replied that the factory must be built in the Kupol area, and that it would be built under the ice sheet and use the most advanced metal refining technology.

The framework of Kubol's mining was thus decided, and then the process was entered into and the mining procedures were completed.

The mining license must be approved by the autonomous region government and then filed with the federal government; the gold produced must be sold to the Mao Xiong Federal Precious Metals and Gemstones Commission.

The approval procedures are on the agenda, and there is still some time before the license is obtained. Mining operations in Kokupol have already begun.

First, the mechanical servant operates the air compressor and the rock drill breaks the surface of the frozen soil, and then replaces the excavator with a breaker hammer to break the ground.

After excavating enough site and space, start using the artifact of mine tunnel excavation: the tunnel boring machine, also called the tunnel boring machine.

The tunnel boring machine can be understood as a rotating cutting head installed on the front end of the excavator's cantilever. This cutting head is a big pineapple, covered with sharp teeth. These sharp teeth are made of high-strength alloy steel and have diamonds on the cutting edges.

After the machine is started, the big pineapple starts to rotate at high speed, and the sharp teeth can break through the rocks.

The workbench in the lower part of the machine simultaneously collects crushed ore. As long as the power supply is in place, just drill inward.

Of course, these sharp teeth will be worn down every certain mileage and must be replaced in a timely manner.

This method of mining underground gold mines is not the first of its kind in Donghua Mining. It was first seen in underground gold mining in Dongkarin in Maple Leaf Country.

Two years ago, the company rented a coal mining tunnel boring machine from Sam State for gold mining.

Experiments have proven that this mining method is significantly more efficient than the traditional method.

What is the traditional method? Deep hole collapse method.

In the mine, miners first use pneumatic picks to drill holes in the ore, then drop explosives, bury mine tubes, and blast the ore, causing the ore to collapse one after another, and then collect it.

After mining, the mine requires support to prevent landslides and rockfall.

During tunnel excavation, the rock formations are not broken by blasting, and the structure of the rock walls around the mine is relatively solid. The workload of supporting the mine is significantly reduced, and the generation of waste rock and filling materials is also reduced.

This equipment has a drilling depth of about 5 meters per hour, a drilling speed of 147 tons of ore per hour, and a maximum of 180 tons. The equipment wear is 0.012 teeth per ton.

For real-person mining, it is necessary to stop the operation in time and support the tunnel at the rear. However, the mechanical servant can adapt to this environment. It is digging in the front and supporting the work with steel in the back.

Of course, the consumed materials still need to be transported from the rear. This needs to be calculated based on the consumables after a period of work, so as to make the support work at the rear more accurate.

This method also has a disadvantage. The machine itself has a large working space, with a height of nearly 3 meters, and the width of the lower ore collection platform is 3.5 meters.

To use it for mining, you have to provide it with enough space. After the mine is completed, the mine will be spacious enough, and the corresponding stripping ratio will also increase. This is why the exploration grade is high, but the grade may drop during actual production.

.

This is not a problem at all when using the system furnace to extract metal.

Moreover, there is currently a need to dig spacious tunnels underground, which will serve as bases for metal smelting plants in the future.

That's right, Polar Mining plans to build metal smelters underground, leaving only wind farms above ground.

There will be an ore crushing workshop, ball milling workshop, flotation extraction workshop, wastewater and liquid treatment workshop, roasting workshop, tailings treatment workshop, etc. underground.

There will also be places for offices, accommodation, restaurants, leisure and entertainment, everything looks like a normal gold mine.

One day in the future, we can take shareholders to visit this underground mine and smelting plant, so that everyone can see the true strength of polar mining.

After the tunnel was dug more than 20 meters underground, it began to approach the mineral vein.

The Observer follows behind the tunnel boring machine and indicates the position for the operations ahead.

Once you've entered a vein, it makes more sense to use a furnace to digest the ore.

Gold mine veins are called veins. In fact, they may be yellow threads visible to the naked eye, or they may be mixed with a few points like soybeans in the rock, or they may be like millet-sized particles.

Perhaps, lumps of gold ore will occasionally appear, which is a surprise.

As a spoiler, this gold mine was mined by the Jinluosi Gold Mining Company in the Maple Leaf Kingdom. After normal mining, the grade of the gold mine was 8.73 grams per ton, which is quite different from 37.5 grams.

However, don’t be disappointed, let’s take a closer look: the tunnel boring machine can mine 140 tons of ore for one hour and can extract at least one kilogram of gold, with an output value of nearly 10,000 US dollars.
Chapter completed!
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