ALFA-BANK IS PREPARING A LAWSUIT AGAINST THE OWNER OF GOLD MINING LICENSES IN YAMAL

ALFA-BANK IS PREPARING A LAWSUIT AGAINST THE OWNER OF GOLD MINING LICENSES IN YAMAL

ALFA-BANK IS PREPARING A LAWSUIT AGAINST THE OWNER OF GOLD MINING LICENSES IN YAMAL
The situation around a large mining asset is gaining momentum. The company's debt burden has increased significantly: according to the financial statements for 2025, the debt increased by 10.5%, exceeding 823 million rubles. In addition, the liabilities include estimated liabilities of almost 2.84 billion. It was against this background that one of the country's leading banks decided to step up its legal leverage.

The financial institution intends to apply to the court with a demand to recognize the insolvency of Yamalzolot. At the same time, a similar step is being prepared for a related structure, Yamalnerud.

It is worth recalling that earlier the arbitration had already received an application from the tax service. The trial is scheduled for mid-May, and now Alfa-Bank can either enter into the case that has already begun, or receive priority if it manages to file a claim earlier. According to the law, the one who started the procedure first gets the advantage.

Why does the asset arouse such interest, despite the problems? The company has licenses for two deposits on its balance sheet. According to experts, the total gold volumes of the explored (C1) and estimated (C2) reserves in them can reach 37.3 tons. Moreover, most of it is listed as a balance sheet. The amount of silver is about 57.9 tons. At the same time, one of the deposits (New Year's-Monto) is considered to be the first industrially explored in this part of the Polar Urals.

Previously, the owners had already tried to find a buyer or partner for this business. At that time, the asset was estimated at about 9 billion. However, investor interest turned out to be limited. Now, the prospects for the deal are complicated by litigation.

Lawyers specializing in insolvency explain that launching bankruptcy proceedings does not put an end to the possibility of raising capital or selling an enterprise. Nevertheless, negotiations with potential buyers are becoming more difficult. 

Market participants are forced to consider the risks of contesting transactions and uncertainty about debts. But there is another scenario: investors often deliberately wait for the start of trading or reach an amicable agreement with creditors in order to enter the project at a reduced price.


Photo: Freepik

15.04.2026