The Finnish firm Metso will provide RCC with equipment worth $101 million

06.09.2012 — News

CHELYABINSK REGION.

By April 2013, the Finnish firm Metso will provide equipment worth $101 million for Russian Copper Company's biggest investment project - the Mikheevsky mining and processing facility.

RCC's press office told RusBusinessNews that the Finns will supply a gyratory crusher capable of processing 4,000 tons of ore per hour, plus two semi-autogenous grinding mills with 11-meter diameters.

The construction of a mining and processing facility for the Mikheyevskoe copper-porphyry ore deposit is a project of national significance. It will be the biggest facility of that type to be built from scratch anywhere in the former Soviet Union. Approximately $296.2 million (USD) of a projected total of $780 million has already been invested in the project, and it is estimated that about 28 billion rubles will be paid in taxes over the duration of the construction.

The Mikheevsky mining and processing facility will begin operating in late 2013 and will be able to produce 18 million tons of ore per year. Along with RCC's second-largest project, the Tominsky mining and processing facility, Mikheevsky will be able to supply the company with raw materials for a quarter century.

It should be noted that RCC's companies in the Chelyabinsk region paid approximately 1.7 billion rubles in taxes and fees in 2011, and over 1.1 billion rubles between January and June of 2012. In 2012 RCC will invest more than 19 billion rubles in the development of the group's local businesses.