Russian Copper Company plans to spend 12.2 billion rubles on upgrade of its copper plant Karabashmed until 2022, the company said in a statement.
“The company plans to raise the capacity of the blister copper plant by about one-third, to 230,000 tons per year and to set up a new site for production of copper anodes with a capacity of 265,000 tons per year,” Russian Copper Company’s President Vsevolod Levin told the Chelyabinsk region’s governor Alexei Teksler, as quoted by the company.
The company plans to build the fourth converter and two anode furnaces at the plant worth 6.5 billion rubles, he said.
Karabashmed will start production of anodes in 2021. The plant will deliver the anodes to the Kyshtym Electrolytic Copper Plant, allowing the latter to raise the capacity of its copper electrolysis unit by almost 65%, to 230,000 tons of cathodes per year. (Prime/Ukrainian metal)