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RCC presents investment projects for 180 billion rubles at Innoprom 2018

Implementing these projects will create 3600 additional high-tech jobs in the South Urals

The Russian Copper Company (RCC) presented investments projects worth a total of 180 billion rubles to guests and participants of the International Industrial Trade Fair INNOPROM 2018 in Ekaterinburg. The new projects were unveiled to Russia’s Deputy Prime Minister Dmitry Kozak and the Minister of Industry and Trade Denis Manturov by RCC’s Chairman of the Board of Directors Igor Altushkin during a tour of the exhibition.

The largest project is the construction of the Tominskiy Processing Plant in Chelyabinsk Region, where the level of investment is estimated to be 77 billion rubles. The plant, with a capacity of 28 million tons of ore per year is planned to be fully commissioned in 2020. This will take RCC to the first position in Europe in terms of copper ore processing, with a volume of 61.62 million tons per year. The new facility will provide employment for 2500 residents of Chelyabinsk Region.

The second largest project will be the construction of an autoclave unit for cathode copper production at the Mikheevskiy Processing Plant in Chelyabinsk Region. 45 billion roubles will be invested in the project. The new unit is expected to process up to 500,000 tons of copper concentrate from the first and second lines of the Mikheevskiy Processing Plant enrichment facility and up to 750,000 tons of oxidized nickel ore from the Kulikovskiy group of deposits (Chelyabinsk Region). This will allow the plant to produce annually 100,000 tons of copper cathodes, approximately 25,000 tons of nickel sulphate (a product used in manufacturing electric car batteries that is becoming increasingly in demand) and up to 350 tons of cobalt in commercial salt. The unit will create 1000 new high-tech jobs.

With the implementation of the autoclave project, the total level of investment in the development of the Mikheevskiy copper-porphyry deposit, including investment in the construction of the first and second lines of the Mikheevskiy Processing Plant enrichment facility, will be 100 billion rubles, and the production capacity of cathode copper will increase almost 50% to 320,000 tons per year.

Another significant project for the economy of the South Urals, and the domestic industry as a whole, is the development of an electrolytic copper foil workshop at the Kyshtym Copper Electrolytic Plant in Chelyabinsk Region. The new workshop with a capacity of 1000 tons of foil per year will fully cover the demand of domestic high-tech industries for this material that is used as a basis for manufacturing printed circuit boards and lithium-ion batteries. In addition, depending on the market demand, the production capacity could be increased, including for supplies to Europe and Asia. 3 billion rubles are planned to be invested in the project. The workshop will reach its projected capacity in 2020 and will create a further 100 high-tech jobs at the facility.

Kyshtym Copper Electrolytic Plant will produce electrolytic copper foil with a thickness of 9 to 105 microns, in accordance with the international standard IPC-4562. The foil will be shipped in rolls with a width of 200 to 1340 mm.

Vsevolod Levin, the President of RCC, commented: “RCC’s current and prospective investment projects presented at the trade fair entirely reflect our long-term strategy, which is aimed at expanding our mineral raw material base and developing processing capacities, manufacturing products with a higher added value. The construction of the Tominskiy Processing Plant, the manufacturing of cathode copper at the Mikheevskiy Processing Plant and the production of electrolytic copper foil will enable us to increase the supply of copper products that are in demand on the market and further promote the social and economic development of Chelyabinsk Region and the whole country.”

The Russian Copper Company is a diversified vertically integrated holding uniting more than 30 facilities. The production assets of the RCC Group are located in Chelyabinsk Region, Sverdlovsk Region, Orenburg Region, Novgorod Region, and also the Republic of Kazakhstan. RCC’s mining and metallurgical assets encompass the full production cycle – from mining and processing of ore to production and sales of copper concentrate, copper cathodes and copper rods, and also zinc concentrate, and refined gold and silver. RCC’s production facilities are able to produce more than 220,000 tons of copper cathodes and 235,000 tons of copper rods per year. Since 2004, RCC has invested approximately 3.5 billion US dollars in Russia, and approximately 885 million US dollars in the Republic of Kazakhstan.

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