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Mining and Metallurgical Complex
Mining and metallurgical complex of the Republic of Karelia, which consists of enterprises of ferrous and non-ferrous metals, and building materials, is a promising and quite actively developing branch of the economy of the Republic.
At present, this development is mostly due to companies which extract and process building stone.
In order to maintain and increase the amount of production, “Karelsky Okatysh” joint stock company implements investment policy which is targeted at modernization of the facility, developing of Korpangsky deposit and adjacent territory where iron ore was found. The program is planned till 2016 and the expected amount of investments is 6.1 billion rubles. In 2007, 10,044,600 iron ore pellets were produced, or 106% of the level of 2006. This is the largest amount of production since the company started working.
In the Republic, there are other successfully working and developing enterprises: “Vyartsilya Metalware” joint stock company, which is part of “Mechel Steel Group” holding; Nadvoitsy aluminum plant, which became a branch of RUSAL industrial group in 2007.
“Vyartsilya Metalware” joint stock company in 2008 is putting into operation a modern high-productivity and resources saving drawbench, produced by KOX company (Germany); one more drawbench is being installed. This equipment will make it possible to increase the production of wire up to 100,000 tons a year. Using of drawbenches resulted in decreased expenses, and better quality of wire, better quality of coiling, and increase in the mass of the coils up to three tons. The equipment is scheduled to start working on August 1, 2008; the overall amount of investments is 40 million rubles.
In 2008, work has started at “BM3” joint-stock company on implementation of a complex of facilities to clean acid wastewater of the pickling shop. The construction is planned for 2009; the amount of expected investments is 45 million rubles.
“Nitro-Siberia” joint stock company has built a complex to produce emulsion explosives. In 2007 “Dino Nobel Russia” joint stock company and “Eastern Mining Services” joint stock company started working in Kostomuksha; they produce components for blasting.
Investors are attracted by non-metallic mineral resources, too. Since 2004, crushed stone has been successfully produced in the Republic; several modern crushing and sorting facilities have been built and started working. For example, in August 2007 a modern facility producing crushed stone has been launched in Suoyarvi district, at the second quarry of “Karelprirodles” joint-stock company. “BaselCement” company invests over 340 million rubles in production of crushed granite. In Kondopoga district, “Diabas” industrial group is building a crushing and sorting complex at “Keppyaselga” deposit, with capacity of 800,000 tons of crushed stone per year. The overall number of employers will be 110 people; the amount of investments is about 600 million rubles; the plant is planned to start production in the end of 2008.
Two crushing and sorting plants are planned to be completed in 2008 in Muezersky district: “Severstroy” joint stock company and “Petrogranit” joint stock company; they are situated on the railroad line. “Prionezhskaya gornaya” company is building a quarry at “Chevzhara” deposit of gabbro-diabase. The capacity of the enterprise will be 1,910,000 tons of crushed stone and sand from the remains of crushing. The overall amount of investments in this project is 780 million rubles. The amount of additional jobs – at least 164. “Belomorsky Karier” joint stock company, with participation of Varyag Resources investment fund, is implementing an investment project of extracting building stone for crushed stone production at three deposits: “Ramruchei”, “Kopakovskoye”, and “Zapadno-Sosnovestkoye”. The quarries are planned to start work in 2008-2009. About 80 jobs will be created, the planned amount of investments is $2.8 million.
“Sunsky Karier” joint stock company (Kondopoga district) is implementing a project of construction a crushed stone quarry at “Suna” deposit. The investments are planned in the amount of 595 million rubles; 80 new jobs will be created.
Technical re-equipment of the working enterprises and launching new ones will make it possible to increase the amount of crushed stone production to 15 million cubic meters per year by 2010, and by 2015 – to 30 million cubic meters.
Karelia can also offer facing stone at the building materials market; here, the decorative qualities of stones are most important. The known deposits of block stone with a wide range of decorative qualities are capable to produce stone slabs as raw material not only to the enterprises of the Republic, but also to many enterprises of Russia, for a period of 100 years (even without taking into consideration the increase in deposits).
At the same time, a number of promising objects of mineral resources in Karelia have not found their investors yet.
Among the largest is the project uniting several mining and metallurgical enterprises under the title “Pudozh Mega Project”. Several deposits of Pudozh district are planned to be developed: “Aganozero” of chrome ores (used by Karelmet” joint stock company); “Shaozero” of silicate nickel (“Norilsky Nickel” joint stock company), and “Pudozhsky” of titanium and magnetite deposit. A special task force has been appointed at the Government of RK, with representatives from the Institute of Regional Policy, to implement this project. |
