GV GOLDCUSTOMER PROFILE – RUSSIA

October 2018

COMPANY BACKGROUNDGV GOLD (Vysochaishy, OJSC) is one of the ten leading gold producers of Russia and carries out exploration and mining operations in two regions of Russia: Irkutsk Region and Yakutia (Sakha). In 2017, the company’s gold production totalled 225 koz, an increase of 37 per cent on the previous year. The fast-growing gold miner has a balanced portfolio of operating and exploration assets.

www.gvgold.ru

MAJOR BUSINESS UNITSIrkutsk Business Unit – situated in the Bodaibo area in the centre of the region’s gold mining industry. The company holds 12 licenses for subsurface plots located within the major hardrock-alluvial clusters of Kuduli-Khomolkho, Sukholozhsky, Marakan-Tunguss and Bodaibo. The total geological reserves are estimated at 120 t of gold. Annual gold production is more than 4 t.

Taryn Business Unit – includes the exploration and development of the Drazhnoye deposit in the Republic of Sakha (Yakutia), 60km northeast of Oimyakon and 70km south of Ust-Nera. Stage 1 of the Taryn Mine was commissioned in September 2017. The design capacity is 700 thousand tonnes of ore per year. The total geological reserves are estimated at 35 t of gold. Annual gold production is more than 3 t.

Aldan Business Unit – includes the Bolshoy Kuranakh (Buried Place) deposit 20km from the town of Aldan. Bolshoy Kuranakh is the largest alluvial gold deposit in Russia, with reserves estimated at 61 tonnes (1.96 million oz). In 2016, gold production reached 308 kg (10 thousand oz). The area has a well-developed infrastructure including an airport, railroad, roads and power grids.

PROCUREMENT PRIORITIESGV Gold is focused on maximising the potential of existing and new operations by means of:

› Cost efficient solutions for mining and processing

› Recovery rate growth

› Energy efficiency and environment protection

› Development of infrastructure

Suppliers of goods and services are chosen through centralised tender. The tender process has been designed to maximise efficiency and procurement transparency and promote competiveness among participants. GV Gold is seeking the best possible combination of price, quality, delivery or execution time, reliability, expertise and support capabilities of suppliers.

PROCUREMENT OPPORTUNITIESThe main opportunities areas across the group of mines are:

› Gold extraction and processing equipment

› Mine design and construction

› Mine automation and control systems

› Remote control systems and transportation machinery

› Environment and safety solutions

Golets Vysochaishy Irkutsk Business Unit Production 132.6 koz

Ykanskoe (Marakan) Irkutsk Business Unit Production 4.7 koz

Ugakhan (commissioned in October 2017) Irkutsk Business Unit Production 14.8 koz

Krasniy Irkutsk Business Unit Preparation for – commercial development

Kuduli-Khomolkho hardrock cluster Irkutsk Business Unit Geological exploration –

Marakan-Tunguss hardrock cluster Irkutsk Business Unit Geological exploration –

Bodaibo hardrock cluster Irkutsk Business Unit Geological exploration –

Taryn Taryn Business Unit Production 42.1 koz

Bolshoy Kuranakh Aldan Business Unit Production 14.9 koz

Gold from gravity and flotation concentrate process 15.4 koz

TOTAL 224.5

Deposit Business Unit Stage 2017 gold production

MINING ASSETS AND PRODUCTION IN 2017

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Disclaimer

While care has been taken to ensure the information in this document is accurate, the Commonwealth of Australia represented by the Australian Trade and Investment Commission does not provide warranty or accept liability for any loss arising from reliance on such information.

©Commonwealth of Australia 2018 18-19-27. Published October 2018

AUSTRADEThe Australian Trade and Investment Commission – Austrade – contributes to Australia’s economic prosperity by helping Australian businesses, education institutions, tourism operators, governments and citizens as they:

• develop international markets

• win productive foreign direct investment

• promote international education

• strengthen Australia’s tourism industry

• seek consular and passport services.

Austrade provides information and advice that can help Australian companies reduce the time, cost and risk of exporting. We also provide a range of services to Australian exporters looking to expand their business in growth and emerging markets, including:

• information and advice on doing business in international markets

• help with overseas market selection

• identification of relevant overseas contacts

• assistance with market entry and expansion

• identification and follow-up of specific international business opportunities.

We also administer the Export Market Development Grants scheme – the Australian Government’s financial assistance program for aspiring and current exporters.

w austrade.gov.au e info@austrade.gov.au T 13 28 78 (within Australia)

Austrade Contact Isaac Court Resources Manager

E: METSManager@austrade.gov.au

Please note that due to Austrade’s ongoing involvement with GV Gold, Austrade seeks to maintain a unified ‘Australia METS’ brand and approach in dealing with this company. We encourage companies with relevant products and services to contact Austrade’s METS Manager directly for further information and to discuss the process to be included in a response to GV Gold. Refer contact details below.

Local Presence Establishing a local presence by partnering with established Russian companies or directly engaging dedicated representation is highly regarded in the procurement decision making process. A local presence delivers the ability for regular engagement and ongoing follow-up. Where service and/or training are critical, a local presence is considered essential. Service, repair and maintenance capability is mandatory for non-standard and sophisticated plant and equipment.

3GV Gold

PT VALE INDONESIA TBK