Chinese / Russian manganese plant

Chinese / Russian manganese plant
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A powerful plant for the production of electrolytic manganese metal will be built in Khakassia with Chinese funds.

As reported to by the republican press service, the relevant agreement was signed by representatives of the Russian "Vnesheconombank" and the Export-import Bank of China (China Eximbank) last Sunday. The cost of work on the building site and equipment will reach 4 billion yuan. The Russian company "CHEK SU.VK" and one of the largest Chinese state companies, "Sinostil", will be engaged in the construction. The new production is to be located in the settlement of Tuim in Khakassia. The cost of realization of the project in terms of Russian currency will be about 40 billion rubles. It is telling that for the first time, Russia and China have recorded the financing of such a large project in both yuans and in rubles. It will be the only production plant in Russian for manganese and special steel with a capacity of 80 thousand tons a year. These raw materials are not currently produced in Russia but are delivered from Ukraine. For Russia, this is total import substitution. 2.5 thousand jobs will be created.