Russia-based Ural Mining and Metallurgical Company (UMMC) plans to invest Ruble 10 billion ($356 million) in the construction of a new ore concentration plant in the Russian federal republic of Bashkortostan.
The complex will initially process around 1.5 million mt of ore per year, with 20 percent copper concentrate and 50 percent zinc concentrate to be produced in the future.
In the current year, UMMC plans to increase its cathode copper production to up to 380,000 mt.