Change time

VSMPO-AVISMA returned to the idea of ​​a titanium production at the field Central

Salda Metallurgical Production Association «AVISMA» has returned to the previously deferred management corporation idea of ​​developing titanium-zirconium deposits «Central» (Tambov region of the Russian Federation). Now the company discussed the possibility of establishing close occurrences of pilot production (with small amounts of investment), on the basis of the results of which will be judged on the feasibility of further development of the enterprise for the production of titanium resources in the region.

Deposit «Central», opened in 1959, is located 40 kilometers from the city of Tambov. According to preliminary data, the subsoil thereof, contain about 890 million. Cubic zircon, rutile, ilmenite sand with a 4-percent concentration of minerals. Negotiations on the development of «OboronImpex» this field (the main shareholder «VSMPO-AVISMA Corporation») conducted in early 2008. In 2011 the FAS Russia allowed Verkhnesaldinskoye management companies to buy 100% of the assets of LLC «Neftprominvest» owning Tambov Ltd «HPC Titan», which, in turn, is the owner of rights to the extraction of resources, «the Central.» The question of the beginning of work on the field up even then. However, «AVISMA» could not find the necessary investments in volumes (then it was about 300−600 mln. US dollars), in connection with which the project was postponed.

See all news