OREANDA-NEWS  The project for the development of the Kuchus gold deposit in the Ust-Yansky and Verkhoyansky districts of Yakutia will pay off only with the introduction of tax incentives that are applied in the territories of advanced development (TOP). This is reported by RBC with reference to the presentation of PJSC Rusolovo (part of the Seligdar holding, which invests in the field).

In the absence of benefits, the economics of the project will be very doubtful, warned Georgy Sarkisyan, head of the Department for Support of development Projects at PJSC Rusolovo. The presentation itself says that it will not be possible to pay off the project without special conditions. Its net present value will then be at the level of minus 15.1 billion rubles. If there are tax benefits, the picture will be different, and the net present value will be 1.4 billion.

Exploration work at Kuchus is expected to be completed during 2024. The mining and processing plant, which is planned to be built in five years, should reach its design capacity by 2030. The reserves of the field itself are estimated at 175 tons.

Earlier it became known that Rusatom Overseas, a part of Rosatom Corporation, will supply energy to the Kuchus field. The world's first low-power nuclear power plant with a 55 MW Ritm-200N reactor will be responsible for generating electricity. In the future, Rosatom is going to extend this technology to other markets, including abroad.