ENRC to commission $50-million extra production line in April

February 28. Interfax-Kazakhstan

ENRC to commission $50-million extra production line in AprilJSC Sokolov-Sarbaiskoye Mining Production Association (SSGPO, part of ENRC) is planning to commission a new production line of wet magnetic separation in April this year, said the Kostanay authorities.

According to the akimat, the plant is currently carrying out installation works at the factory’s 17th section of wet magnetic separation to start an additional production of nonfluxed palettes and iron ore concentrate

The launch of the new section will boost the production capacity of the plant by 1 million tons a year from the current 14.9 million tons of iron concentrate a year.

The cost of the production line is nearly $50 million.

SSGPO is Kazakhstan’s largest producer of iron-ore feedstock and part of Eurasian Natural Resources Corporation (ENRC). The company employs over 18,000 people.

Eurasian Natural Resources Corporation is a vertically integrated metals and mining group operating in Kazakhstan. The company has its own energy and transportation organizations. ENRC’s scope of operations includes exploration, production, processing, electricity generation, logistics and marketing.

ENRC was created in late 2006 as a result of reorganization of Eurasian Industrial Association and now also includes the assets of Kazchrome, Aluminum of Kazakhstan, Kazakhstan Electrolysis Plant, Zhairem Mining and Processing Integrated Works, Sokolov-Sarbai Mining and Processing Integrated Works, Eurasian Energy Corporation, Serov Ferroalloy Plant. ENRC also owns a 50% stakes in a joint venture with Bahia Minerals BV (BML), a project for exploration of iron ore in Brazil, and a 50% stake in Xinjiang Tuoli Taihang Ferroalloy Company in China (Tuoli).

In November 2009 ENRC purchased a 91.65% holding in the UK’s Central African Mining & Exploration (CAMEC). Recently ENRC announced the acquisition of Chambishi Metals, a Zambian copper and cobalt producer.

http://www.interfax.kz/?lang=eng&int_id=10&news_id=4123

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