August 22, 2008
MMK inks contract with Tsentrogipruda for designing of Prioskol GOK
FIS reported that MMK recently signed a contract for design work of Prioskolsk iron ore deposit with the Belgorod Design Institute Tsentrogipruda.
MMK has started the implementation of the project on the development of the Prioskolsk iron ore deposit with the reserves of 45 million tonnes of rich ore and over 2 billion tonnes of ferruginous quartzite. Prioskolsk GOK is to reach its projected capacity by 2017.
The deposit's reserves are sufficient to satisfy the needs of MMK in iron ore in full for over 60 years. Its favorable geographical location and larges reserves allow considering the deposit's use in MMK's overseas projects as well.
