The Russian steel producer United Metallurgical Company (OMK) intends to study the Tomsk region-based Kalpashevo area of the Bakcharsk iron ore deposit with a view to its possible development.
According to the Tomsk regional authorities, all necessary documents on the deposit have been supplied to OMK for consideration. The decision on the deposit is expected to be taken in March of 2008.
The Bakcharsk iron ore deposit holds from 12 to 23 million metric tons of iron ore, with iron content varying from 34.7 to 54 percent.