20
May
2010
Shanghai sees OMPP
A delegation from the MBC Corporation has successfully
wrapped up its work at Mining and Asia Focus 2010, a major
industrial investment conference held on May 11-14 in
Shanghai.
As it was previously reported, the company’s Deputy General
Director S.N. Garichev and Deputy Technical Director A.V. Perfiliev
met with a number of potential partners and co-investors. The most
important meetings were held with the Chinese companies
Metallurgical Corp of China (MCC) and China Railway Materials
Commercial Corp. The participants discussed the details of possible
cooperation in the construction of the mining and processing plant
on the Ozerny deposit in the Buryat Republic in the Russian
Federation.
The negotiations with the representatives of MCC touched upon
technological issues related to ore enrichment and the Chinese
corporation’s factories’ requirements with regard to the zinc and
lead concentrates. The parties also talked about the preparations
for the previously agreed-upon visit of a working group from MCC to
MBC’s Moscow office and the industrial site of the Ozerny Mining
Processing Plant (OMPP) in Buryatia.
The topics of the meeting with China Railway Materials
Commercial Corp were the participation of the Chinese company in
the construction of a railway and automobile road to the industrial
area of the OMPP; possible co-financing of this construction as
well as vehicles deliveries; and transport management.
The upshot of the meeting was that the parties agreed to
continue working together to prepare draft proposals to be sent to
MBC Corporation.
An important part of the Shanghai conference’s work was a speech
by S.N. Garichev on the already made progress and plans for the
construction of the ore processing plant at the Ozerny deposit.
We remind you that the JORC indicated resource of the deposit is
157 million tons of ore, with zinc content equal to 5.2% and lead
content 1%.
