Russian Copper Company plans to raise annual investment in its copper smelter Karabashmed by 55%, to 5 billion rubles in 2019, President Vsevolod Levin has reported. “Within 15 years of work at Karabashmed, we have invested more than 22 billion rubles in the development and improvement of environmental safety of the copper smelting production. Regarding…
Russian Copper Company is studying the opportunity to buy the property of the bankrupt Ufaleinickel. “Due to the complex social and economical situation in Verkhniy Ufalei because of the shutdown of the town-forming enterprise, the authorities of the Chelyabinsk region have asked the Russian Copper Company to invest in the organization of manufacture. So far,…
Severin Development will carry out the Malmyzh deposit financial and technical audit for the Russian Copper Company. The availability of the professionally done technical expertise will allow attracting long-term financing to the project and control the usage of loan funds. RCC intends to construct a processing works with the capacity of 56 million tons of…
Sberbank has financed the Russian Copper Company enterprises. A loan agreement of $326 million has been concluded with Kyshtym Electrolytic Copper Pant (KMEZ) and Karabashmed. The funds will be used to modernize the copper electrolysis shop and construct the copper shop at KMEZ and to improve copper capacities at Karabashmed. In particular, KMEZ will increase…
Kazgeorud, a part of the Russian Copper Company, has started mining copper and copper-zinc ore at the Kundyzdy deposit. The design capacity of the output is 2 million tons per year. Investments in the development of the deposit are estimated at $205 million. The project will provide Aktyubinsk Copper Company with raw materials until 2033…
KazGeoRud, a unit of the Russian Copper Company, has started commercial production of copper and copper-zinc ore at the Kundyzdy field in Kazakhstan. The company plans to invest over $90 million in Kazakh mining industry in 2019, up by around 7% YoY, Vice President Natalya Gonchar said. The mine’s projected capacity amounts to 2 million…
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…
Russian Copper Company and the Far East Development Fund have concluded an agreement on financing the construction of a mining and processing works at the Malmyzh gold-copper deposit in Khabarovsk region. The fund will provide 7 billion rubles as a long-term loan. The Malmyzh deposit was discovered in 2006. Its reserves are estimated at 5.156…