Rusal to invest over 1.5 bln usd in Komi alumina projectadmin
May 23, 2007 Filed Under: Bauxite Mining, Mining Services
The project involves the construction of an alumina refinery in the Sosnogorsk region with a capacity of 1.4 mln tonnes per annum, and the expansion of the output of the existing Eurasia Middle-Timan bauxite mine to 6.4 mln tpa from 2.6 mln, it said.
Construction of the refinery will start next month, while the complex is expected to be commissioned at the end of 2009.
The Eurasia Middle-Timan deposit has proven reserves of over 260 mln tonnes, the largest in Russia.
The complex, once operational, will raise Russia’s alumina output by 40 pct, said Rusal, which currently supplies 12.5 pct and 16 pct of the global production of aluminium and alumina, respectively.