VSMPO-Avisma has decided to stop developing the Centralnoye deposits in Tambov region.
The corporation acquired the right to develop the deposits in July 2011 for 1.473 billion rubles.
In 2016 the start of the development was shifted to 2019. The corporation has prolonged its license till 2029. It was also interested in attracting partners to the project, but at the same time noted its complexity.
Following the research VSMPO-Avisma found out that the minimal possible output at the deposits would considerably exceed the market needs. Hence it was deemed to stop operation there. (Ukrainian metal)
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