On April 30, 2025, the Expert RA rating agency assigned the credit rating of the GDK Baimskaya project company at the level of ruA+, with a stable rating outlook. This is stated in the agency's message.
GDK's credit rating is based on moderately low design and construction risks, moderately low financial risks, low corporate and project management risks, and moderate operational stage risks.
GDK Baimskaya LLC is a project company, the subject of which is the implementation of the investment project "Development of the Baimskaya area in terms of the development of the Peschanka copper and porphyry deposit located in the Chukotka Autonomous Okrug, through the construction and operation of the Baim Mining and Processing Plant (GOK) for the industrial processing of copper porphyry ore with a volume of 70 million tons of ore per year and the production of about 1.2 million tons of copper sulfide 28% concentrate per year. Estimated reserves, taking into account additional exploration work and clarifying the boundaries of the division of ores into technological types of metals according to the Russian classification, are: copper — about 10 million tons, molybdenum — about 260 thousand tons, silver — about 5.8 thousand tons, gold — about 560 tons.
The project is a complex one, including the construction of 46 facilities with a total planned capital expenditure of about 1 trillion rubles. Among its key facilities are: a mining and processing plant, a universal marine terminal at Cape Nagleynin (Chaun) with a cargo turnover capacity of about 1.8-2 million tons per year, an all–season highway with a length of about 410 km from the GOK to the new seaport and a 330 kV single-circuit high-voltage power line running parallel to the roadway. For the power supply of the GOK, 4 (one of which will be a backup) modernized floating nuclear power units (MPEB) with a total capacity of about 424 MW will be used, located at Cape Nagleynin (Chaun), which are being built separately by Rosatom State Corporation outside the project budget.
The investment phase of the project began in 2019 and by 2029-2030 it is planned to launch the processing plant in 2 stages. At the first stage (I quarter of 2029), the main production line will be launched, and at the second stage (I quarter of 2030), it is planned to complete mechanical installation work on the second production line with a gradual increase in the factory's production capacity by 2031. According to the project schedule, the first deliveries of finished products are scheduled for 2029.
