Sunday, April 16, 2017

Uzbekistan, UMMC sign memorandum to implement Tebinbulak titanium-magnetite project

Uzbekistan and the Ural Mining and Metallurgy Company signed a memorandum on implementation of the project on developing titanium-magnetite ore Tebinbulak field in Karakalpakstan with the construction of a steelmaking plant for US$1.5 billion. The Tebinbulak field has an forecasted resource base of 3.5 bn t of ore similar to the deposits of Kachkanar in the Urals. The field is located near Nukus and was opened in 1937.
The document was signed at the Embassy of Uzbekistan in Moscow on 3 April 2017 within the state visit of the President of Uzbekistan Shavkat Mirziyoyev to Russia (4-5 April 2017).

The project on development of Tebinbulak field envisages the construction of a mining complex with a capacity of 14.7 million tonnes of ore a year with production of titanium and vanadium by 2021  Due to high investment expenses, the field has been slow to enter development. The field is being rehabilitated in order to create own resource base of Uzmetkombinat, which currently produces carbon steel flat and long products and also manufactures rolled copper and copper alloy products, as well as processing and recycling steel scrap. It is estimated that the field can provide long term raw materials for the future operation of the combine.

Source: https://www.uzdaily.com/articles-id-38939.htm