VSMPO-Avisma can start extracting raw materials for titanium production in the Tambov region
MOSCOW, July 21 – RIA Novosti. According to RIA Novosti, the press service of the department, the mining company “Titan” has applied for a license to Rosnedra to develop the eastern part of the Central titanium-zirconium deposit in the Tambov region.
In 2011, the Federal Antimonopoly Service of Russia approved the application of VSMPO-Avisma for the acquisition of rights by GPC Titan to set the conditions for the implementation of entrepreneurial activities.
LLC GPC Titan has submitted an application for inclusion in the license list of the subsoil block of the eastern part of the Tsentralnoye deposit. Based on this application, Rosnedra began preparing the subsoil block for licensing. At the moment, the initial payment in mineral prices is about 1.7 billion rubles,” said Rosnedra.
The Ministry announced that the mineral reserves of the eastern part of the Central deposit: titanium – about 6.4 million tons, zirconium – about 830 thousand tons, phosphorus – about 4 million tons, glauconite – about 56 million tons.
“In total, VSMPO-Avisma requires more than 100 thousand tons of ilmenite per year, but in 2019 only 3.1 thousand tons of raw materials for titanium production were produced in Russia, and 75 thousand tons of titanium pigment and 46 thousand tons of sponge titanium were produced from imported raw materials. At the same time, Ukraine provided Russia with more than 80% of what it needed.” Fyodor Sidorov, founder of the Practical Investment School, commented on the situation.
“Developing a titanium deposit can take several years, if not decades. The end result is geological exploration and the necessary technologies (which are often imported as well) and the equipment itself (which is also imported),” he added.
According to him, the full capacity of the enterprise will in the near future meet the current needs of the Russian industry in ilmenite concentrate 20%, in zirconium – 100%.
The main activity of the GPC “Titan” is exploration, geophysical and geochemical work in the underground exploration area.
VSMPO-Avisma Corporation is the world’s largest titanium producer with a complete technological cycle. Supplying products to the markets of 50 countries, the company is deeply integrated into the global aviation industry and is a strategic supplier to many.
Source: Ria
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