2012.07.02 | Foreign investors may build 104 bln rbl plant in Chelyabinsk RegThe U.K.’s Fleming Family & Partners, Japan’s Kobe Steel, and Hong Kong’s Sun Investment Partners plan to build a mining and processing plant in Russia’s Chelyabinsk Region worth 104 billion rubles, according to materials on the Web site of the region’s governor seen Wednesday.
The companies plan to build the plant at the largest titanium magnetite deposit in the region, which contains over 6.5 billion tonnes of ore reserves. The name of the deposit was not revealed.
Budget spending is projected at 2.7 billion rubles, which will be used for the construction of a road to the deposit.
Sergei Komyakov, the region’s first deputy governor, said that the project would allow for the creation of a new industrial center in the northern part of the region with a full production cycle.
(33.1732 rubles – U.S. $1).
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