Have Two Major Silver Deposits Been Discovered in Russia's Far East?
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Synopsis
Discoveries of silver deposits are a significant boost for Russia's mining sector. The recent findings of the Kegali and Ungurskoye deposits promise substantial reserves and potential investments, marking a pivotal moment for the country's economic landscape.
Key Takeaways
- Two major silver deposits have been discovered in Russia's Far East.
- The Ungurskoye deposit has reserves of 699.6 tonnes.
- The Kegali deposit is expected to see investment of 2.5 billion rubles.
- Russia has discovered over 200 new solid mineral deposits in 2025.
- Magadan Oblast is rich in various mineral resources.
Moscow, Nov 29 (NationPress) - The Russian Federal Agency for Subsoil Use revealed on Saturday that they have uncovered two significant silver deposits: the Ungurskoye deposit located in Zabaykalsky Krai and the Kegali deposit found in Magadan Oblast.
The estimated reserves for these deposits stand at 699.6 tonnes and 70.5 tonnes, respectively, according to the agency.
Russian mining company Polymetal is set to initiate a development project for the Kegali deposit in 2028, with an anticipated investment of 2.5 billion rubles (approximately 32.2 million US dollars), as reported by Xinhua.
Since the beginning of 2025, Russia has recorded over 200 newly discovered solid mineral deposits, as stated by the TASS news agency on Friday.
The Federal Agency for Subsoil Use (Rosnedra) indicated to TASS that, on average, the nation discovers around 200 new solid mineral deposits annually, and this year is no exception, with over 200 deposits already added to the national reserves registry.
Among the highlighted discoveries of 2025 are the Ivanikhinskoye and Tselinnoye potassium-magnesium salt deposits in the Saratov Region, with reserves estimated at 1 billion tonnes and 2 billion tonnes, respectively. Another notable find is the Zhidoiskoye deposit in the Irkutsk Region, which contains millions of tonnes of titanium, phosphorus, and iron ore.
Rosnedra also pointed out the silver deposits in the Trans-Baikal Territory with reserves of 699.6 tonnes and the Magadan Region with 70.5 tonnes of silver, as reported by TASS.
Magadan Oblast, located in northeastern Russia, is bordered by the Sea of Okhotsk. The region features the Kolyma Highland to the east and the Chersky Range (rising up to 2,586m) at its center, along with extensive lowlands in the southeast.
This region, adjacent to the Republic of Sakha (Yakutia), the Kamchatka and Khabarovsk territories, and the Chukotka Autonomous Area, is known for housing the largest reserves of gold in Russia, alongside extractable resources like silver, ferrous and non-ferrous metals, lignite, copper, molybdenum, basalt, and limestone.
Point of View
I recognize the significance of these silver discoveries for Russia's mining industry. With over 200 new deposits identified this year alone, it's clear that Russia is a vital player in the global mineral market. Such discoveries not only enhance national reserves but also attract international investment, indicating a strong future for the mining sector.
NationPress
29/11/2025
Frequently Asked Questions
What are the newly discovered silver deposits in Russia?
The Russian Federal Agency for Subsoil Use has announced the discovery of two major silver deposits: the Ungurskoye deposit in Zabaykalsky Krai and the Kegali deposit in Magadan Oblast.
What are the estimated reserves of these silver deposits?
The Ungurskoye deposit is estimated to have reserves of 699.6 tonnes, while the Kegali deposit has reserves of 70.5 tonnes.
When does Polymetal plan to develop the Kegali deposit?
Polymetal plans to commence development of the Kegali deposit in 2028 with an investment of 2.5 billion rubles.
How many mineral deposits has Russia discovered this year?
Russia has registered over 200 newly discovered solid mineral deposits since the beginning of 2025.
What are the key minerals extracted in the Magadan Oblast region?
The region is known for its significant reserves of gold, silver, ferrous and non-ferrous metals, and other resources like copper and molybdenum.
