The cost of a titanium project in the Tambov region has decreased to 11 billion rubles

© Fotolia / Sergey LavrentevВид to Tambov. Archival photoThe cost of a titanium project in the Tambov region has decreased to 11 billion rubles© Fotolia / Sergey Lavrentev

The volume of investments in the development of the Eastern section of titanium-zirconium deposits «Central» in the Tambov region will not exceed 11 billion rubles, which will make the project more attractive to investors, told RIA Novosti the representative of the press service of the regional administration.

On behalf of the head of administration of the Tambov region Alexander Nikitin held talks with leading expert organizations on the development of the most optimal project for the development of the Eastern section of titanium-zirconium deposits «Central». By the order of «the Corporation of development of the Tambov region» the research work was conducted by specialists of JSC «Irgiredmet» (Irkutsk). In Tambov region administration on the meeting of the expert Committee considered the results of this work, the discussion was attended by representatives of 12 organizations from various regions, including the Ministry of industry and trade of the Russian Federation.

«The specialists of JSC «Irgiredmet» suggested the use of so-called «wet method» of production using a special floating, mining and enriching Sands technology. It is less costly and has a number of advantages. For example, it is possible to mine in several small open pits, to store waste and save on transportation. Calculations were made of the need for revision of the order of 6 million tons of sand per year. Stocks of the Eastern section of the Deposit are estimated at 240 million tons», — said the Agency interlocutor.

According to first Deputy head of administration of the Tambov region Alexander Ganova, the volume of investments into the project will not exceed 11 billion, significantly below the investment that different experts have called earlier. It is planned that the project will pay off within 7 years, making it attractive to investors.

«This project is of great importance not only for the development of the economy of our region and Russia as a whole.

Titanium-bearing materials is a strategic product. Currently, the raw material is completely imported from abroad. Thanks to the development of the field «Central» it will be possible to substitute the imported raw materials of domestic and get rid of foreign dependence», — the press service quoted the words of Ganova.

Following the meeting, the Commission adopted a decision on the feasibility of pilot projects in the field concerning the method of its development and a set of processing equipment. The next stage — designing of pilot production and investment for its construction.

The press service added that great attention was paid to the issues of environmental protection in the development of the field.

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