RCC is investing more than 64.4 billion rubles in the economy of the Chelyabinsk Region

30.11.2011 — News

CHELYABINSK REGION.

In 2011, the Russian Copper Company (RCC) intends to invest 7.8 billion rubles in the economy of the Chelyabinsk Region. In total, the investment made by the Russian Copper Company from 2004 to 2016 will exceed 64.4 billion rubles.

The Chelyabinsk Region has been chosen for operation of seven out of ten mining and metallurgical companies - members of the RCC Production Holding: Karabashmed, CJSC, Kyshtym Copper Electrolyte Plant, CJSC, Alexandrinsk Ore and Mining Company, OJSC, Verkhneuralskaya Ruda, OJSC, Mauksky Rudnik, CJSC, Mikheyevsky Mining and Processing Integrated Works, CJSC, and Tominsky Mining and Processing Integrated Works, CJSC. The total annual output of the Russian Copper Company is 200 thousand tons of copper cathodes and 200 thousand tons of copper rod.

The RCC press office has informed RusBusinessNews that the company's PR director Yevgeniya Chaplygina reported about the progress of implementation of the RCC investment projects during the meeting with Elena Murzina, the Minister for Economic Development of the Chelyabinsk Region.

Karabashmed is planning to invest more than 12.5 billion rubles in the upgrading production project by 2016. By today, the company has invested about 7.5 billion rubles, with two-thirds of investment earmarked for environmental projects - smelter off-gas treatment facilities.

The implementation of the scheduled stage of the Karabashmed modernization program will take 5 years - from 2011 to 2016. The program includes construction and renovation of metallurgical, power engineering and chemical facilities.

The upgrading of the production facilities of Karabashmed, one of the old-timers of the industrial Urals, is a milestone project for the Russian Copper Company that acquired the plant in 2003. The company immediately embarked on large-scale renovation; the output has doubled, while emissions of hazardous substances have decreased 6 times.

Elena Murzina pointed out that the Chelyabinsk Region esteems each investor. It is important that Russian investors place emphasis not only on expansion of production, but also on improvement of environmental safety. One of the latest examples is the new filtration equipment, which is worth about 30 million rubles and was put into operation at the Kyshtym Copper Electrolyte Plant in 2011.