VSMPO-AVISMA is investing up to 600 million dollars in the deposit in the Tambov Region
29.09.2015 — News
The VSMPO-Avisma Corporation is planning to develop its own ilmenite deposit in the Tambov Region so that it could reduce its dependence on raw stock from Australia, Ukraine and other countries.
At the moment, the company is working on a pilot project of the future mine. In addition to ilmenite, mining operations are being planned for other minerals. The estimated investment in the deposit amounts to 300-600 million dollars.
RusBusinessNews has been informed by the Press Service of the Corporation that the design work will be completed in spring.
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