The Government of the Chukotka Autonomous Area has expanded the area of the Port of Pevek. The port now includes expanded area and water sections near Cape Naglyoinyn. A port, planned to be built there, will be designed to ship the Baimsky ore mining and processing plant’s production and other commodities. Russian Prime Minister Mikhail Mishustin signed the relevant resolution.

The Baimskaya gold and copper zone is among the world’s largest undeveloped copper deposits. A new large-scale, low-cost mining facility will be built to extract the minerals there. The development of this area includes an ore mining and processing plant (GOK) and the related infrastructure.

The boundaries of the sea port in the Chukotka Autonomous Area will include  additional territory and water sections near Cape Naglyoinyn. A sea terminal is planned to be built there to ship the Baimsky GOK’s production. 

“The terminal will have a capacity of about 2 million tons of cargo annually, with copper concentrate from the Peschanka deposit accounting for 75 percent of this volume. Ore mining and processing companies are currently developing this deposit. The port terminal is scheduled to open in 2026.

“The new terminal at the Port of Pevek will help implement the national socio-economic development initiative that stipulates year-round navigation through the Northern Sea Route and aiming to expand freight volumes to 150 million metric tons by 2030,” the government’s sources noted.

In early March 2023, the government approved a document stipulating investment funding to build a sea terminal near Cape Naglyoinyn. This investment will exceed 27.6 billion rubles in 2023-2026.