Mikheevsky GOK purchased a concentration factory in South Urals
02.04.2021 — News
The Mikheevsky Mining and Processing Plant (Mikheevsky GOK, a member of Russian Copper Company) purchased the Invest Razvitie LLC concentration factory. The transaction was approved by the Federal Antimonopoly Service of the Russian Federation.
As RusBusinessNews has been informed by RCC’s Information Policy and PR Department, Invest Razvitie LLC was founded in 2016 by a group of foreign investors through the mediation of Altus Capital for mining and beneficiation of minerals in the South Urals.
The concentration factory was built under the project in 2018; the estimated annual output was 9 million tons of ore. Since its opening, the factory has processed 29.2 million tons of ore purchased from Mikheevsky GOK JSC and produced 87.9 thousand tons of copper concentrates. In 2020, it produced 32.8 thousand tons of copper concentrates.
"By purchasing Invest Razvitie LLC, Mikheevsky GOK will be able to increase the outputs of processed ore and copper concentrate 1.5 times, thus increasing the supplies of mineral raw materials to the RCC Group," noted the RCC President Vsevolod Levin.
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