Uzbekistan, UMMC sign memorandum to implement project on development of Tebinbulak field

Tashkent, Uzbekistan ( -- Uzbekistan and Ural Mining and Metallurgy Company signed a memorandum on implementation of the project on developing titanium-magnetite containing ore Tebinbulak field in Uzbekistan with organization of steelmaking plant for US$1.5 billion.

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, which contains titanium-magnetite iron ores, envisages construction of mining complex with capacities of 14.7 million tonnes of ore a year with production of titanium and vanadium by 2021. The field was opened in 1937. Forecasted resource base of the field is 3.5 billion tonnes of ore.

Due to high investment expenses, the field was not developed till now. The project was rehabilitated in order to create own resource base of Uzmetkombinat, which produces over 90% of products of ferrous metallurgy. The field can provide raw materials for several ten years to the combine.

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