About Us

The Sekisovskoye open pit mine had been worked by the Soviets from 1976. Exploration and metallurgical studies were carried out from 1979 to 1994 on the open pit and underground ore bodies.

Hambledon Mining acquired the mining rights held by TOO Sekisovskoye in 1994. The mining licence is valid until 18 July 2020 with a contractual right to extend.

In 2004, Hambledon listed on AIM, raising £2.5m (gross) at 5p per share. It subsequently built a brand new treatment plant capable of treating 850,000 tonnes per annum for $25m. In all, the Company spent just $40m on its mining and treatment plant facilities.

Various modifications have been made to the plant and the crushing circuit, enhancing its capacity up to 1m tonnes per annum. In September 2009, Hambledon raised £2.8m from shareholders to enable it to proceed with its long stated aim of developing the underground pit.