Eurasian Natural Resources Corporation PLC has announced the beginning of the construction of a new direct current smelting facility at Aktobe in Kazakhstan, one of the current CAPEX projects of ENRC’s Ferroalloys Division.
The new state of the art smelting facility will incorporate four DC furnaces with a total production capacity of 440,000 tonnes per annum of high carbon ferrochrome. The USD 590 million project, due to be commissioned in 2012 will enable the Group to gradually replace and expand the existing smelting facilities at Aktobe.
The installation of modern smelting furnaces is expected to enhance productivity and to generate substantial cost savings, particularly for key input materials such as reductants, including coke. The new facility is also expected to result in significant environmental and safety improvements, the facilitation of the complete recycling of slag formed during the ferrochrome production; and the reduction of the risk of injury due to automation of the key smelting processes.
Mr Felix Vulis CEO of ENRC said that "The start of this project underlines the Group's commitment to modernization and expansion of its production facilities. This will allow the Group to strengthen its leading position in the ferroalloys market worldwide and improve its environmental and safety performance."
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