It is reported that the Russian mining and steel producer Evraz Group plans to invest more than Ruble 60 million (about $2 million) in the construction of new railway facilities at its mining subsidiary Kachkanarsky (KGOK).
Accordingly, this will allow KGOK to increase the capacity of its main pit by 20 percent to 18.3 million mt of ore in 2011.
Currently, KGOK is carrying out preparations to develop the Sobstvenno-Kachkanarskoye titanium magnetite deposit in Russia's Central Ural region, which has reserves of 3.3 billion mt of ore with estimated iron content of more than 16.6 percent. The industrial production of ore should start by 2013.