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Chinese investor will help build GOK in Irkutsk region

Chinese investor will help build GOK in Irkutsk region
Photo: pixabay.com

A Chinese company will join the construction of a mining and processing plant (GOK) in the Irkutsk region. The partnership agreement on the project was concluded by the Chelyabinsk Pipe-Rolling Plant Group (ChTPZ) and Baotou Steel.

According to the First Vice Prime Minister and Minister of Finance of Russia Anton Siluanov, at a meeting of the Russian-Chinese Commission on Investment Cooperation in Beijing, two metallurgical holdings signed an agreement on strategic partnership in the framework of a project to build a mining and processing complex based on a rare metal deposit in the Irkutsk Region.

Zashikhinsky field is located in the Nizhneudinsky district of the Irkutsk region. At the beginning of the year, the Deputy Minister of Economic Development of the region, Marina Petrova, reported that the company controlled by ChelPipe Tekhnoinvest Alliance plans to launch a mining and processing complex on the basis of the Zashikhinsky field in 2023. They will mine tantalum raw materials and niobium.

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