Wenco wins work at Siberian gold mine

Polyus Gold (LSE: POLG) has tapped Wenco International Mining Systems to provide high-precision guidance for shovels and drills at its Blagodatnoye gold mine in eastern Siberia. The technology will be installed by the end of 2015.

The deal will see Wenco install its shovel guidance system, which uses global navigation satellite system positioning “to precisely determine the shovel’s orientation and dig limits, providing operators with accurate, real-time face positions and cut-and-fill information,” the company says. “It pairs with … office software, which manages files and gives engineers real-time mining progress data.”

In addition, Wenco will supply a high-precision drill navigation system for the drills at the site, which will help machine operators safely and accurately navigate their drills with minimal field surveying time, which is especially desirable in the Siberian climate.

Wenco, a subsidiary of Hitachi Construction Machinery, has worked with Polyus in the past. Since 2008 the firm has installed fleet managements to boost productivity at Polyus’ three Siberian gold mines: Olimpiada, Titimukhta and Blagodatnoye.

Based in Richmond, B.C., Wenco has served the mining industry for more than 25 years. The firm has offices on six continents.

Polyus has five operating mines in Siberia and Russia’s Far East. In 2014 the miner produced 1.7 million oz. gold.

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