Chinese citizen Wang Lianming purchased gold mining rights in Kolyma for 1,1 billion rubles.
В Magadan region For the first time, a Chinese company will engage in industrial gold mining.
The site torgi.gov.ru The results of the auction for the right to explore and mine gold at the Netchen-Khaya site in Khasynsky district Kolyma. The bid started at 450 million rubles and reached 1,1 billion rubles, with the winning bidder being Sila Vostoka LLC, registered in Khabarovsk Krai. Moscow-based Mir Proekt JSC lost the auction, bidding 45 million rubles less.
Who won the gold mining auction?
The winner, according to SPARK Interfax, belongs to the Chinese Alumax Trading Limited (50%) and a Chinese citizen To Wang Lianming (50%). The company's revenue in 2025 amounted to 1,7 billion rubles, with a net profit of 429 million rubles. The company holds four more licenses for production and development of deposits in Khabarovsk Territory.
The Netchen-Haya case marks the first time a Chinese company has competed with Russian gold miners in the Magadan region and won the auction.
Gold reserves at the Netchen-Khaya site
The deposit area had been explored in the USSR since 1946. In 1962, geologists discovered sulfide-quartz veins with high gold grades there. The average gold grade in the explored area is 17,06–17,79 grams per ton. Estimated resources range from 6,7 to 9,4 tons of gold, equivalent to 69,5 to 97,4 billion rubles at the current gold price. The price of gold is rising.
The area of the Netchen-Khaya site is 13,9 square kilometers and is located between the rivers Nerige - NetchenThe Kolyma hydroelectric power station is 70 km away, the nearest settlements are villages Orotukan и Atka.