Russky Ugol Will Excavate Fluor Calcareous
// for Russky Alluminy
mineral resource industry
As Kommersant learned, Russky Ugol bought a half of the fluor spar production in Primorie. The second half was bought by Basic Element that needs Fluor Calcareous for its Russky Aluminy plants. However, it is Russky Ugol which will manage mining-and-processing integrated works. It will provide Russky Aluminy with the raw material. The rest will be sent to China.
A mining-and-processing integrated plant in Yaroslavl was founded in 1950. Its main production is fluor calcareous concentrate. It is the only big plant that produces the raw that is used when producing aluminum. Rated capacity of the plant is 1.5 million metric tons of ore a year.
Last Saturday the authority of Primie put up the plant for tender. The starting price is $54 million. Among there buyers there were Russian Ore Mining Company and Tehmet Company. As far as Kommersant is informed, Russian Ore Mining Company paid $54.6.
Its director, Eduard Yanakov, said that his company was established by Russky Aluminy and Russky Ugol. It’s Russky Ugol that manages the company.
However, Vera Kurochkina, press secretary of Russky Alluminy denied that ther company has something in common with the company. She said it could be Basic Element. The later didn’t deny this information. Kommersant’s sources in Primorie say that Energoatom participated in that too.
By 2008, the coal company is planning to spend $15-20 million on building a plant that will perform the spar. According to Yanakov, after modernization, the production value will increase up to 350.000 metric tons. 120.000-150.000 metric tons will go to China.
The head of Russian Ugol, Vadim Varshavsky, was mentioned in mass media mostly in connection with corporative scandals. They finally settled the conflict between Stupino Metallurgic Company and All-Russian Institute of light-metal alloys, which belongs to Russky Ugol. Besides, the company possesses coal business in Kuzbas and Rostov.
In Yanakov’s opinion, Tehmet, the rival of Russky Ugol on the tender, represented the interests of a former plant’s director, Viktor Korshunov. It’s quite possible, that the later will declare his rights for mining-and-processing integrated plant. At least that was the way the corporative conflicts with Varshavsky’s presence went. However, Yanakov ensured Kommersant that there will be no be another case like with Stupino Metallurgic Company.
Maria Molina, Vadim Bertsov, Vladivostok
All the Article in Russian as of Mar. 15, 2005
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