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. This gave Hambledon the right to exploit the Sekisovskoye mine with a 20 year licence (which can be easily renewed).

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.

In May 2007, Hambledon acquired a processing plant at Ognevka from its creditors in bankruptcy. In the past, it had treated tantalum, niobium, lithium and feldspar from ores located below the plant, and more recently had been treating zinc clinker containing high values of copper, gold and silver. It was intended to re-open it to treat some of these minerals, but is currently on care and maintenance,

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.