THE SAKHA REPUBLIC (YAKUTIA) – THE TERRITORY
OF UNIQUE OPPORTUNITIES
Overview
The Sakha Republic (Yakutia) is the largest (3.1 million square km) region on
the territory of the Russian Federation; over 40% of it is beyond the Arctic Circle.
The depth of permafrost, which occupies almost the entire territory of the republic,
reaches 1.5 km in some areas.
With absolute value of minimal temperature dropping down to −70°C and
with up to 9 months of below-zero temperatures per year, Yakutia is an unparalleled
place in the world where such low temperatures are home for multinational
population, each nation having their own authentic traditions and culture. These
extreme climatic and environmental conditions see the construction of new towns,
development of industry and agriculture.
In the whole world there are no other places where multinational population
lives at such low temperatures, each of the nations having its own traditions and
culture, and where towns are built in the conditions of permafrost.
Yakutia is by right called the treasury of Russia. In Yakutia they mine 26% of
the world’s diamonds; 5% of tin resources, 4,5% of antimony resources, 3.4% of
uranium resources, 2% of iron ore resources and 2,5% of the world’s forests fall on
Yakutia. The overall natural resources of Yakutia are estimated at USD 3 trillion.
Annually Rosnedra conduct auction (competition) on the right of use of sites of
bowels that expansion of potential possibilities for investment means every year.
Over 30% of Russia’s wild nature and over 10% of the world’s wild nature fall
on Yakutia. It means that it is the largest reserve of the planet’s biosphere, global
ecological reserve and one of the climate controls the entire planet. It fulfills the
global ecological functions.
Permafrost of Yakutia keeps many mysteries perfectly preserving ancient
animal carcasses - mammoths, woolly rhinoceros, cave lions etc.
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INVESTMENT POTENTIAL
Large-scale investment projects are implemented in Yakutia within framework
of implementation of “Strategy of Social and Economic Development of Far East and
Baikal Region until 2015” approved by instruction by the Government of the Russian
Federation.
«Complex Development of Southern Yakutia» investment project of national
significance is implemented base on principles of state-private partnership, and cofinanced by Russian Federation Investment Fund.
Within first stage of the Project implementation project documentation is being
developed.
Industrial objects are being developed: Elkonsky Mining and Metallurgical
Integrated Works, Kankunskaya HPS, Tarynakhsky and Tayozhny Mining and
Processing Plants, Inaglinsky Coal Complex. Infrastructure is also being designed:
“Chulbas – Inaglinsky Coal Complex” railway; “Tommot – Elkonsky Mining and
Metallurgical Integrated Works” and “Malyi Nimnyr – Kankunskaya HPS power
site” motorways; power distribution networks.
Oil and gas pipelines, railroads, motorways, and power lines are constructed in
the territory of the republic. Infrastructure development is the major condition for the
implementation of industrial investment projects.
Large Russian investment companies operate in Yakutia which implement the
strategic investment projects of the Sakha Republic (Yakutia), such as:
- “Construction of a railway Berkakit-Tommot-Yakutsk with a combination
highway and railway bridge over the Lena River in the area of Yakutsk” – OAO
“Russian Railways”;
- “Construction of underground diamond mines (Udachny, Mirny, Aikhal)” –
AK “ALROSA” ZAO:
- “Construction of oil pipeline system “East Siberia – Pacific Ocean” – OAO
AK “Transneft”;
- “Development of Talakan oil and gas condensate field” – OAO
“Surgutneftegaz”;
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- “Development of Chayanda oil and gas condensate field” – OAO “Gazprom”;
- “Development of Elga coal deposit” – OAO “Mechel”;
- “Development of gold-bearing deposits of Kuranakh ore deposit” and
“Development of Nezhdaninskoye gold deposit” – OAO “Polyus Zoloto”;
- “Development of Elkonskaya group of uranium deposits” – OAO
“Atomredmetzoloto” (ZAO “Elkonsky Mining and Metallurgical Integrated Works”);
- Development of iron ore Tayozhnoye, Desovskoye, Tarynakhskoye and
Gorkitskoye deposits – AK “ALROSA” (ZAO) (OAO “Timir”) and others.
Yakutia is an arena for implementation of a number of other, including less
large-scale, prospective projects not less important for the complex development of
the region.
COAL INDUSTRY
Yakutia is one of the richest regions of Russia by coal deposits.
Balance reserves by A+B+C1+C2 categories make 14 billion 378 million tons,
including 46% of brown coals and 54% of fossil coal.
77% of coals are valuable grades of metallurgical coals and 23% are quality
power-generating coals.
The largest coal basins include:

South Yakutian – with balance reserves of 7.3 billion tons – 100% fossil
power-generating and metallurgical coals of valuable brands;

Lensky – with balance reserves of 6.8 billion tons, 87% of which are
brown coals.
The annual volume of coal mining is 11-12 million tons.
Elginsky Coal Complex is being constructed now.
Elginsky Coal Complex. Estimated capacity – up to 27 million tons of coal per
year, in three stages, 9 million tons each. The project is implemented by OAO
Mechel.
Investment projects with the overall capacity of 8-9 million tons of coal per
year are implemented near Neryungri; they have development potential depending on
market conditions.
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Most of them are implemented by OOO Kolmar Coal Holding.
Coal mining and construction of mining enterprises is implemented via
associated companies: ZAO “Yakutian Coals – New Technologies”, OAO
“Neryungriugol” Coal Company, OOO “Joint Venture Erel”, OAO “Dezhnyovskaya
Mine”.
Overall reserves – over 400 million tons.
Estimated capacity – over 8 million tons.
Production of coking concentrate over 4 million tons.
The structure of shareholders of OOO Kolmar Coal Holding – 100% private
company.
Major activity – mining, improvement and sales of coal in the domestic market
and for export.
The proposed investment projects:
1) Inaglinsky Coal Complex
Project implemented by ZAO “Yakutian Coals – New Technologies” (Eastern and
Central sites of Chulmakanskoye deposit), reserves – 121, 896 million tons,
construction of coal mining and improvement complex, including:
-
Construction of coal-mining mine with the capacity of 3000 thousand
tons of coal per year;
-
Construction of enriching factory with the capacity of up to 3000
thousand tons of coal per year, with the annual production volume of up to 1900
thousand tons of coking concentrate.
The project is at the high readiness phase and is being implemented according
to the schedule. Design estimate documentation of the mine and the enriching plant
has been developed; positive findings of Glavgosexpertiza have been obtained. All
the enriching plant equipment has been purchased; the mine equipment has been
purchased partially. All necessary permits and agreements have been obtained. The
project was assessed by the international advisers; preparatory works are being
conducted.
Current investment in the project – RUR 1.2 billion (USD 39.8 mln)
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Required investment – RUR 7.2 billion (USD 239.0 mln)
2) OOO “Joint Venture Erel”, (“Ugolny” site of East-Chulmakanskoye deposit
and “Eastern” site of Chulmakanskoye deposit, “Inaglinsky” coal pit, reserves 24,981
million tons, annual extraction volume 0,6 – 0,8 million tons).
After the enriching plant at Ingalinsky Coal Complex has been constructed, the
entire volume of coal of Erel coal pits will be directed to the enriching factory for
enrichment.
3) OAO “Dezhnyovskaya Mine” (reserves 66,105 million tons, annual
extraction volume 3,5 million tons). The 1st facility of the mine has been put into
operation, with the annual extraction volume of 0,5 million tons by bord-and pillar
method. The design of the 2nd stage is being completed; the overall extraction volume
planned makes 3 million tons per year. A site for the construction of an enriching
plant has been prepared. Mine and enriching plant infrastructure objects have been
constructed, as well as a railway station.
Current investment in the project – RUR 4.5 billion (USD 149.4 mln)
Required investment – RUR 6.5 billion (USD 215.8 mln)
4) OAO “Neryungriugol” Coal Company (Branch «Denisovskay Mine»,
enrichment plant “Denisovskaya”, reserves – 190,38 million tons); preparation for
designing is being conducted.
The form of investment attraction – bank loans or shareholding.
EXTRACTION AND TRANSPORTATION OF OIL AND GAS
Oil and gas industry of the republic is rapidly developing.
Largest Russian companies operate in Yakutia (such as OAO Gazprom, OJSC,
ОАО Surgutnefetgaz, OJSC, etc.), as well as local companies, with a significant
potential of production development.
One of the companies developing oil and gas fields and selling its product in
Yakutia, is ОАО NK Tuymada Neft, OJSC Oil Company.
Shareholding structure:
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67.98% - ZAO IG Kolmar, CJSC Investment Group; 20.92% - ООО ONGI,
LLC; 11.1% - private individuals.
Investment project proposals:
1). Construction of oilfields for hydrocarbon extraction:
- Zapadno-Anabarsky property in Anabarsky District;
- Mukhtinsky property in Olyokminsky District;
- Biryuksky property in Olyokminsky District.
Required investment – 21 billion RUR (USD 697.2 mln)
2). Building-up gas stations network (GS).
Existing facilities: oil storage facility with capacity of 45 thousand tons in
Nizhny Bestyakh, 28 km from Yakutsk, on Lena River bank; a network of 32 own
GS in regions of the republic; production capacities (transportation, warehouses,
administrative buildings, etc.).
Required investment – 1.5 billion RUR (USD 49.8 mln)
Investment attraction form – bank crediting or shareholding.
ОАО Sakhatransnefetgaz, OJSC transports and sells natural gas to Central
regions of the Sakha Republic (Yakutia).
Shareholding structure: 100 % - Sakha Republic (Yakutia).
Investment project proposals:
Design engineering, construction, and operation of gas-and-oil pipes, gas
storages and oil storages; prospecting and developing mineral deposits; extraction,
processing, and selling natural gas, oil, gas condensate, and processes products.
Projects implemented:
1) Project of Otradninskoe field development (natural gas reserves С1+С2
6,339 million cub. m, predicted resources D1+C3 89 billion cub. m) including
providing natural gas supply to Lensk and development of local gas-distributing
networks.
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2) Project of Srednetyungskoe filed development (natural gas reserves С1+С2
162 billion cub. m, gas condensate С1 + C2 8662 thousand tons).
Investment attraction form - bank crediting or shareholding.
Since its creation in 1967, ОАО Yakutskaya Toplivno-Energeticheskaya
Kompania, OJSC (Yakut Fuel & Energy Company) (up to September of 2010 called
ОАО Yakutgazprom) has been extracting gas for consumers in central regions of the
republic, having local gas distribution network.
Yearly volume of extraction makes 1.6 billion cub. m of gas and 85 thousand
tons of has condensate. By volumes of natural gas extraction ОАО YTEK is among
top ten local gas producers in Russia.
Holds licenses for:
- Srednevilyuisky and Mastakhsky gas condensate fields development. Natural
gas reserves are about 150 billion cub. m, gas condensate about 9 million tons.
- geological exploration, prospecting and mining at Mirninsky hydrocarbon
property, located in Mirninsky and Suntarsky Districts of the republic. Mineable
reserves of oil make about 5 million tons. Predicted resources of oil and gas within
property make 20.5 million tons and 35.9 billion cub. m respectively.
- geological exploration, prospecting and mining of hydrocarbons within
Tolonsky property, in Vilyuisky and Kobyaysky Districts of the republic.
Hydrocarbon reserves within Tolonsky property make: gas about 45 billion cub. m,
gas condensate (mineable) about 2.5 million tons.
Investment attraction form - bank crediting or shareholding
FERROUS METALLURGY
(ORE MINING AND SMELTING)
ОАО GMK Timir, OJSC Mining & Metallurgical Integrated Works is the
basic company in this domain.
Shareholding structure: 100% - АК ALROSA (ZAO), JSC (CJSC).
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Investment project proposals:
Within framework of «Complex Development of South Yakutia» investment
project based on iron ore fields development (Tayozhnoe (1,255 million tons of ore
reserves), Desovskoe (400 million tons of reserves), Gorkitskoe (1,913 million tons
of reserves), Tarynnakhskoe (1,305 million tons of reserves) a Yuzhno-Yakutskoe
(South-Yakutian) Mining and Smelting Alliance will be formed, which presumes
construction of mining and processing works (GOK):
- Tarynnakhsky GOK (design capacity – 23 million tons
of ore; 7.3 million
tons of concentrate; 6.8 million tons of pellets per year);
- Tayozhny GOK (design capacity – 9 million tons of ore; 4.1 million tons
of concentrate per year).
Investment attraction form - bank crediting or shareholding.
NONFERROUS METALLURGY
Explored reserves of gold in the Sakha Republic (Yakutia) in 812 fields make
1,343 tons or about 20% of Russia»s reserves. Main gold mining territories are
located in Eastern and Southern Yakutia – Indigirka, Yana, and Aldan River basins.
56 gold miners provide yearly production at 19 tons.
The largest gold deposits (Kuranakhsky ore field, Nezhdaninskoe gold ore
deposit, and Kyuchyus field) are developed by ОАО Plyus Zoloto, OJSC subsidiaries
(ОАО Aldanzoloto GRK, OJSC Mining Company; ОАО Yuzhno-Verkhoyanskaya
Gornodobyvayushchaya Kompania, OJSC Mining Company; ОАО Yakutskaya
Gornaya Kompania, OJSC); the company being one of the world’s largest gold
miners regarding mineral resource base and production volumes.
Gold is also mined from smaller ore deposits and numerous placer deposits by
ООО Neryungrimetallik, LLC; ООО Zapadnaya Artel Starateley, LLC ; ОАО
Seligdar, OJSC; ОАО Zoloto Seligdara, OJSC; Yantar’ Group of Companies; and a
few prospectors’ teams.
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Tomponsky District of the Sakha Republic (Yakutia) has the largest complex
ores deposit Verkhneye-Menkeche, main resource of which being tin (138 thousand
tons) and zinc (162 thousand tons). License holder is ZAO GeoProMining, CJSC.
Underground mine planned for construction will produce silver-lead-zinc ores
at capacity of 30 thousand tons of raw ore per year, plus seasonal concentration plant.
By tin reserves (28% from total in Russia) the Sakha Republic (Yakutia) ranks
first in the Russian Federation. Booked reserves of 43 tin fields in Yakutia make 141
thousand tons.
Largest Deputatskoe tin ore deposit is located in the North-East of the Sakha
Republic (Yakutia) within North-Yana tin ore region. During operation since 1979
21.7 thousand tons of tin was extracted in concentrate. Maximal yearly productivity
of the plant made about 600 thousand tons of ore and 3 thousand tons of tin in
concentrate.
Today license holder of Deputatsky field is ZAO Deputatsky GOK, CJSC
Mining and Concentration Complex (85% - ООО TsvetMetHolding, LLC; 15% ZAO Kolmar, CJSC). The same Ust’-Yansky District of the republic hosts large tin
ore deposits: Churpunnya (about 32 thousand tons of reserves) and placer deposit
Tirekhtyakh (74.3 thousand tons of reserves). Prospective fields with complex ores,
with prevailing tin ore and some cobalt grade are Ilin-Tas and Burgochan.
Booked (265.9 thousand tons) and predicted resource of antimony in the
republic make over 80% from total in Russia. Raw materials are represented at large
Sarylakhskoe and Sentachanskoe fields.
May fields in Yakutia are complex or integrated: Yuzhnoe tungsten-uranium
field, Kavaktinskoe titanium-vanadium complex occurrence, Tomtorskoe complex
rare-metals deposit, Agylkinskoe copper-tungsten field, Ytyr-Khalanskoe and
Iryundzhinskoe ore occurences.
Predicted resources of ore tungsten in the Sakha Republic (Yakutia) are
estimated at 691.152 thousand tons, molybdenum (clustered in 23 objects) at 669
thousand tons, vanadium pentoxide at 213 million tons, copper (clustered in 91
objects) at 32 million tons, cobalt (clustered in 4 objects) at 10 thousand tons, lithium
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(clustered in 9 objects) at 800 thousand tons, niobium oxide at 86 million tons,
tantalum pentoxide at 359.24 thousand tons.
TRANSPORTATION INDUSTRY
One of the major directions of transportation industry development is
supporting aviation in the Far North.
The majority of air traffic in Yakutia is effected by ОАО Aviakompania
Yakutia, OJSC.
Shareholding structure: 100 % - Sakha Republic (Yakutia).
Main activities: air transportation, including:
- international and local passenger traffic;
- cargo and mail traffic;
- international charter flights.
Air company flies within the republic and to other regions of Russian
Federation.
Regular international destinations are Seoul, Harbin, Dushanbe, Tashkent,
Prague, Baku, Hannover, Khojend, and Paris. There are 74 destinations all in all.
Base airports:
• Yakutsk;
• Vnukovo (Moscow);
• Pashkovsky (Krasnodar).
Employed aircrafts: AN-24; Boeing-757; Boeing-737; AN-26; AN-140; TU154М.
By volume of passenger traffic ОАО Aviakompania Yakutia, OJSC ranked
14th in 2009 году (in 2008 – 16th ), growth rate making 40.23%. In 2009 the
company carried over 700 thousand passengers.
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Today the fleet of the company consists of 5 Boeing-757-200 aircrafts, 1
Boeing-737-700 aircraft, 4 AN-140 100 aircrafts, 9 AN-24 aircrafts, 1 AN-26
aircraft, 7 TU-154М aircrafts.
Main passenger traffic (61%) is serviced by Boeing -757 and Boeing -737, as
well as TU-154М (31%).
Prospects for development are related to fleet upgrading, expanding list of
destinations, and improving operating activities.
Existing investment demand for construction of planes for further financial
lease makes 150 million USD for AN-140, and 50 million USD for Sukhoi SupeJet100.
Investment attraction form - bank crediting or shareholding.
As a result of implementation of a number of investment projects in coal, iron
ore, timber, oil and gas and other branches of economy, we predict significant
increase of cargo traffics outside Yakutia’s administrative borders, including export.
Here, at active support by the Government, in 2006 ООО “Sakha
(Yakutskaya) Transportnaya Kompania”, LLC (ООО Sakhatrans, LLC) was
created, having long-term (49 years) agreement land property lease in Muchke Bay of
Vanino port in Khabarovsky Region.
Shareholders: 38.26% - ОАО Almazy Anabara, OJSC, 61.74% - ZAO
NordShakhtStroy, CJSC.
Main activities: organizing design and construction of transfer-reload station in
Muchke Bay of Vanino port in Khabarovsky Region.
Suggested investment projects: construction of transfer-reload station in
Muchke Bay of Vanino port in Khabarovsky Region.
The projects presumes volume of transfer and reloading of loose goods (coal,
iron ore concentrate) by 2015 to reach 12.2 million tons and 1 million tons of
industrial sawn timber in 20ft containers, by 2020 up to 17.3 million tons of loose
goods (coal, iron ore concentrate) and 1.5 million tons of industrial sawn timber in
20ft containers, with opportunity to increase cargo operations up to 31 million tons
per year.
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All necessary design estimate documentation will be developed in the first
quarter of 2011.
Investment attraction form - bank crediting or shareholding.
DIAMONDS AND JEWELRY PRODUCTION
Within a very short period the Sakha Republic (Yakutia) created a hi-tech
diamond-cutting production of international quality. The skills of local manufactures
of ideal cut diamonds is top ranked in large- and medium-sized diamonds segment,
and ancient traditions of Yakut jewelers combined with technological innovations
present a sufficient claim for a larger share in expensive jewelry market.
The main raw diamond supplier is AK ALROSA (ZAO), JSC (CJSC). About
20 companies do the diamond cutting представляет in the republic. The largest of
them are: ООО NPK EPL Diamond, LLC Research & Production Company; ОАО
Sakha Diamond, OJSC; ООО DDK, LLC; ООО Choron Diamond, LLC. Yearly
diamonds production volume makes 150 million USD, over 80% of it is exported.
ООО NPK EPL Diamond, LLC Research & Production Company
Shareholding structure: 38.4% - ООО Ecotrade, LLC; 61.6% - ООО EPL
Yakutsk, LLC.
Main activities: Raw diamonds processing, production and sales of diamonds
and jewelry.
Diamonds production up to 70 million USD per year, jewelry up to 600 million
RUR.
Investment project proposals:
Development of cutting and jewelry production, sales of product, expanding
sales network.
Investment attraction form - bank crediting or shareholding.
IMPLEMENTATION OF HOTEL NETWORK PROJECT
IN YAKUTSK, SAKHA REPUBLIC (YAKUTIA)
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Building-up investment attractiveness of the Sakha Republic (Yakutia),
implementation of large-scale projects in its territory, as well as implementation of
new touristic projects, considerably increases demand for hotels in the capital of the
republic - Yakutsk. Sakha Republic (Yakutia) is interested in attracting network hotel
owners to construct and operate hotel facilities in Yakutsk.
The Government of the Sakha Republic (Yakutia) and Yakutsk City
Administration made decisions on preparing land properties under these projects.
Potential investors are offered 10 land properties within Yakutsk. The Government
makes commitment to lift all real burdens of these plots, and to connect all
engineering utilities, including power supply.
Project Administrator: GU Executive Secretariat of President and Government
of Sakha Republic (Yakutia) Government Unit (Mr. A. N. Kanin).
Property – state, Sakha Republic (Yakutia).
Main activities: administering economic operations of the republic’s President
and Government Administration.
Projects costs – according to investor’s project. Current cost of construction of
similar facilities in Yakutsk – 3,000 USD per sq. m.
Investment attraction form - bank crediting or shareholding in a joint company.
CONSTRUCTION
YAKUTCEMENT cement plant was launched in 1971. Over four decades the
plant has been renovated and reequipped several times to increase its production
volume.
The annual cement production amounts to about 300 ths tons.
Favourable combination of nearby resources of natural materials, used for the
production, adjusted technology, effective quality control system, and highlyqualified personnel results in a wide range of cements, complying Russian and
international standards.
YAKUTCEMENT business partners include suppliers of various materials,
equipment, and spare parts; as well as design and research institutions and other
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companies. They total to over 500 partners in Yakutia, Russia, CIS and other
countries.
The shareholders of OAO YAKUTCEMENT Joint-stock production
association are: 29.66% - the Sakha Republic (Yakutia); 19.22% - SUE (state unitary
enterprise) Committee on Precious Metals and Stones of the Sakha Republic
(Yakutia); 19.936% - ZAO ELLIN Close Holding Company; 30.17% - individuals.
Investment projects offered: start-up of the third production line to increase the
plant capacity to 600 ths tons a year in the settlement of Mokhsogollokh.
Credit resources attracted at the return basis.
PROCESSING INDUSTRY
ZAO TABA National Close Joint-stock Reindeer Company.
Processing of reindeer-breeding output; export of reindeer horns and antlers;
manufacturing of cosmetic and hygienic products with antlers (TABAPAN creams,
AQUA-TABAPAN-UU bath solution); hotels and traveling services.
Participated in the Interregional Amur Trade Fair in Khabarovsk, 2009, 2010.
TABAPAN anti-aging cream and AQUA-TABAN-UU bath solution got the Fair
golden medals.
The company won 13 golden and 4 silver medals at AmurExpoForum in 2009.
Major activities:
1. Manufacturing of bioactive additives and preparations with the use of
reindeer-breeding output. At the moment, the company certified and established
production of the following products:
1.1.
AQUA-TABAPAN-UU Hygienic bath solution;
1.2.
TABAPAN bioactive additive – encapsulated reindeer antler powder;
1.3.
SOLPAN bioactive reindeer antler slides;
1.4.
TABAPAN cosmetic creams, based on antler hydrolyzate: nourishing,
anti-aging, protecting, and massage.
1.5.
On the stage of development: antler applications, cosmetic eye cream,
products based on reindeer blood.
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2. Export of dry antlers, reindeer and moose horns, reindeer-breeding output.
The company procures and processes reindeer antlers and other endocrine raw
materials. At the moment the company is capable of exporting up to 30 tons of
reindeer and moose horns annually.
3. Supply of reindeer-herders with radio communication devices, governmentissue equipment, working clothes, and off-road vehicles.
4. Hotel management and traveling service. The company owns ARKTIKA
Hotel for 28 people in the Yakutsk downtown, with heated garages. To see reindeerv\breeding with their own eyes, travelers may visit a reindeer site 130 km of Yakutsk
with 120 reindeer, providing with antlers.
5. Development and implementation of innovative technologies and projects to
improve social and economic situation of the people engaged in reindeer-breeding.
6. Representing reindeer-herders and reindeer farms’ interests; building
enclosures and fences; participation in exhibitions and fairs; sending the Company’s
employees to enclose reindeer; construction of normadic dwellings.
Investments attracted in the form of bank loan or share capital interest.
PALAEONTHOLOGIC FINDINGS
Besides the common natural resources, the North of Yakutia is also rich in
another valuable resource in demand on the world’s market - mammoth tusk.
Deposits of the ancient mammoth tusk fossils cover about half the territory of
the Sakha Republic (Yakutia) – some 1.5 million square kilometers.
The main object of business is the tusk of mammoth living in the Late
Pleistocene. Conservation of fossils for a very long period in permafrost enables
production of mammoth tusk on the industrial scale. The Republic holds up to 7080% of the Russia’s mammoth tusk reserves estimated at 450 ths tons. Nowadays,
mammoth tusk is in firm demand on the domestic and external markets. Present
prices vary from $30 to $150 per kilo, depending on the raw material quality. The
collection-worth material, with individual evaluation, costs $300 per kilo at the
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world’s auctions; thus, one large mammoth tusk of the highest quality may cost
$15,000-20,000.
Besides mammoth tusk, used for carving souvenirs and as a collection item,
recently we witness the growing demand for other mammoth flora remnants as well:
bones of mammoth and other vertebrates of Pleistocene – rhinoceros, bison, horse,
cave lion, deer, and others.
OAO SakhaEXPOmamont Open Joint-stock Company was established in
2004 to start and manage scientific research of the Yukagir Mammoth remnants,
found in Ust-Yansky region of the Sakha Republic (Yakutia). This extremely
valuable object of the historic and cultural heritage is the state property of the Sakha
Republic (Yakutia). The Company also commands commercial use of the mammoth.
Shareholders: 100 % - the Sakha Republic (Yakutia).
OAO SakhaEXPOmamont offers unique palaeonthologic findings - the
Yukagir Mammoth and Oimyakon Mammoth calf – as exhibits at international
commercial fairs to all interested museums, media-companies, and investors.
Yukagir Mammoth. The part of this mammoth’s carcass was found and dug
out in 2002-2004 in Ust-Yansky region of Yakutia. The best-preserved parts are: the
head with tusks and the left front leg with muscles, tendons, and epidermis. These
exhibits are stored frozen. The head still has a great part of epidermis, including the
left ear and eye socket. The other parts found are cervical and thoracic vertebrae,
some ribs, shoulder blades, right shoulder bone, some internal organs, and fur. The
biological age is estimated at 45 years. The absolute age is about 18.5 thousand years.
Oimyakon Mammoth calf. The front half of a 12-18-month-old calf was
found in September 2004 at Olchan gold mine in Oimyakonsky region, Yakutia. The
well-preserved parts are the head, parts of trunk, neck and chest. The calf is stored
frozen. It is the fifth so well-preserved mammoth calf in the world. The absolute age
is about 41.4 thousand years.
The Company has organized and participated in the following exhibitions:
- the World EXPO Exhibition in Nagoya, Japan;
- exhibitions in Tokyo and Toyohashi, Japan, in 2005-2006;
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- exhibition in Osaka, Japan, 2007;
- exhibition in Taipei and Taichun, Taiwan, 2008-2009.;
- exhibitions in Beijing and Guangzhou, China, 2009-2010.
In future, the Company is aimed at expanding its major activity – to purchase
new exhibits to increase their number; to organize exhibitions of the Yukagir
Mammoth and Oimyakon Mammoth calf in European and American countries; as
well as, to master new activities.
Investments required: RUB 23,000,000 (twenty three million) (USD 0.76 mln).
The Company is planning to attract investments via charter capital increase
(increase in shares number).
Investment potential of the Sakha Republic (Yakutia) is not limited with the
presented projects. Each year new promising fields acquire its subsoil users, transport
and energy infrastructure has been developed, large-scale new mineral deposits
explorations are held, with the development of new technologies, the possibilities for
processing resources expand, etc.
Yakutia is a reliable partner in realization of joint investment projects.
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