PRIME: Корпорация Металы Восточной Сибири и китайская NFC подписали рамочное соглашение
China’s Nonferrous Metal Industry’s Foreign
Engineering and Construction Co Ltd (NFC) has signed a framework
agreement with Russia’s Metally Vostochnoi Sibiri
Corporation (MBC) to buy 50% in a project to develop the
Ozernoye polymetallic deposit in the republic of Buryatia,
Metropol, which controls MBC, said in a statement
Saturday.
The agreement envisages the participation of the
Chinese partner in the development of the deposit and construction
of a mining and processing plant. The companies are expected to
sign an engineering, procurement, construction and project
management contract (EPCM). In addition, NFC is expected to
organize project financing.
Total investments in the development of the
deposit are estimated at over U.S. $1 billion.
MBC said that the company had
already invested about $200 million of its own funds in the
development of the deposit, including the technical report for
construction of the mining and processing plant with an annual
capacity of 8 million tonnes of ore.
Under the report, the plant will produce about
130,000 tonnes of zinc, 435,000 tonnes of zinc concentrate, 45,000
tonnes of pot lead, and 120 tonnes of silver.
Ozernoye is one of the world’s largest deposits
in terms of lead and zinc reserves. It has over 157 million tonnes
of ore reserves with a zinc content of 5.2%, a lead content of 1%,
and about 25 tonnes of gold.
NFC mainly focuses on project contracting and
development of base metal mineral resources.
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