A new plant for the production of manganese ferroalloys is to be constructed in the Siberian city of Krasnoyarsk, as part of the mining and smelting complex project aimed at developing the Usinsk deposit of manganese ores and the production of ferroalloys.
The project will be carried out by the Krasnoyarsk Territory Administration Council and mining and metals company CHEK-SU.VK, in cooperation with Russian bank Vneshekonombank (VEB) which will participate in funding the project. Total investments in the project are estimated to reach about Ruble 22 billion (approx. $702 million).
The construction of the Krasnoyarsk plant for the production of manganese ferroalloys is scheduled to start in September this year. The plant is planned to be commissioned in 2011, and is to reach its full capacity by 2016. According to CHEK-SU.VK chairman Viktor Khrolenko, initially the plant is to produce about 120,000-140,000 mt of ferroalloys per year, and is later to increase its annual output to 250,000 mt.
Currently, Russia consumes about 500,000 mt of manganese per year, of which about 90 percent is imported. The main importers of the product in question into Russia are Ukraine and Kazakhstan.