November 1, 2013
As part of the 18th regular meeting between the
heads of the Russian and Chinese governments Mr.Medvedev and Mr. Li
Keqiang, MBC Corporation and NFC signed the agreement for
engineering, procurement and construction of the Ozerny Mining
& Processing Plant (Ozerny GOK). Project construction period is
3 years, with production capacity of 8 Mtpa. The cost of
construction of the project totals $1,1 billion. This includes the
construction cost of mine. processing plant and tailing dam, and
also of transport and power infrastructure required for the
functioning of Ozerny GOK.
The EPC agreement was signed in pursuance
of the agreements concluded by these two companies in March
2013 by Ilya Okhtyrskiy, the MBC Corporation General Director, and
Wang Hongqian, the President of NFC.
Ozerny GOK is constructed on the basis of
Ozernoe deposit (Republic of Buryatia) reserves estimated according
to JORC as 157 MT of ore with 5,2% Zn and 1% Pb.
In addition, Ozernoe deposit ore contains 4.5 thousand tons of