Russian Copper Company to expand investments in its assets in Kazakhstan
BAKU, Azerbaijan, Nov.8
By Nargiz Sadikhova – Trend:
Russian Copper Company (RCC) is planning to allocate over $90 billion for development of its assets in Kazakhstan in 2019, which is seven percent more compared to 2018, company’s Vice President for Environmental Health and Safety Natalia Gonchar said, Trend reports with reference to the press office of the company.
She made the statement during the 16th Russia — Kazakhstan Interregional Cooperation Forum focusing on topical issues related to the development of cross-border cooperation, which was held in Russia’s Omsk city on November 6-7, 2019.
According to Gonchar, the main projects of the company this year were development of Aralchinskoe deposit and Kundyzdy deposit, as well as modernization of processing plants.
“We have already started cooper and copper-zinc ore at of Aralchinskoe deposit and Kundyzdy deposit. In connection to putting these deposits into operation and increase of the share of copper-zinc ore in total volume of raw materials processing, equipment modernization was implemented at the plants. Modernization allowed to expand zinc flotation and ensure the processing additional five million tons of ore per year,” Gonchar said.
Implementation of new projects, increase of capacities lead to demand growth, creation of new work places, development of consumer sector.
RCC has had a presence in Kazakhstan since 2004, having invested $868 million in country’s economy. RCC’s Russian and Kazakh assets are integrated into a single production chain, thereby creating synergies in the economic development of the two countries’ border areas.
RCC’s Kazakh unit currently employs approximately 1,700 people and supports a further 600 jobs in local contractor organizations, thereby contributing over $1 million per year to the budget of Kazakhstan’s Aktobe region.
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