It is reported that a new plant for the production of manganese ferroalloys is to be constructed in the Siberian city of Krasnoyarsk, as part of the mining and smelting complex project aimed at developing the Usinsk deposit of manganese ores and the production of ferroalloys.
The project will be carried out by the Krasnoyarsk Territory Administration Council and mining and metals company CHEK SU VK in cooperation with Russian bank Vnesheconombank which will participate in funding the project.
Total investments in the project are estimated to reach about RUB 22 billion. The construction of the Krasnoyarsk plant for the production of manganese ferroalloys is scheduled to start in September this year. The plant is planned to be commissioned in 2011 and is to reach its full capacity by 2016.
Mr Viktor Khrolenko chairman of CHEK SU VK said that initially the plant is to produce about 120,000 tonnes to 140,000 tonnes of ferroalloys per year and is later to increase its annual output to 250,000 tonnes.
Currently, Russia consumes about 500,000 tonnes of manganese per year, of which about 90% is imported. The main importers of the product in question into Russia are Ukraine and Kazakhstan.
Source: Steel Guru
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