Russia's largest ferro alloy producer invests in new chrome deposit

Russia's largest ferro alloy producer Chelyabinsk Electrometallurgical Plant has won the right to develop the Zapadnoye chrome ore deposit in the Yamalo-Nenets autonomous district for 25 years, the rating agency Rusmet reported.

The combine obtained this right by paying 110 million roubles ($1.25 million) to the federal budget. According to the plan, more than 300 million roubles will be invested in the infrastructure of the deposit by the end of the year.

Chelyabinsk Electrometallurgical Plant's products are widely used in various industries, such as the paint and rubber industry, as well as in construction and agriculture and can fully meet the needs of Russia's domestic steel industry.

The Zapadnoye deposit contains easily enriched high-chromium ores. Mining is planned both by open pit and underground mining. Prospective reserves are estimated at 1.87 million tonnes (mnt), with the possibility of increasing them by developing deeper horizons.

At the moment, the company is also developing the Tsentralnoye deposit, located 35 kilometres from the settlement of Kharp, by underground mining. In addition to geological exploration and mine development, the company has created an ore enrichment system by acquiring the necessary equipment.

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