MMC in Akmola region first stage launch planned for 2021
Massalsky Mining and Metallurgical Plant LLP – subsidiary of Tau-Ken Samruk National Mining Company JSC – plans to launch the first stage of Mining and Metallurgical Plant at Massalsky Iron Ore Deposit in Akmola region (North Kazakhstan) in 2021 – Interfax-Kazakhstan reported, citing the regional administration. According to the information provided, the Kazakh-Chinese Project on Metallurgical Plant Construction costs 486 billion tenge.
Launching of the first stage is anticipated in 2021, while the second one will be in 2022. Implementation of this project will have a significant social and economic effect for the region, – the statement said.
As reported, in 2015, Massalsky Mining and Metallurgical Plant LLP and China National Technical Import and Export Corporation agreed on construction of Mining and Metallurgical Complex with the annual steel production capacity 1 million tons. Overall C1 and C2 category operational ore reserves of Massalsky Deposit amount to 729 mln 155.727 thousand tons with 15.82% average iron content. The Deposit is classified as strategic. Tau-Ken Samruk JSC was founded in 2009 to integrate state mining assets and is included into Samruk-Kazyna National Fund.
Read more: http://www.abctv.kz/ru/last/29067