The mining and metallurgical plant was commissioned at the Udokan copper deposit, the largest of its kind in Russia. It was discovered in 1949.
According to topcor.ru, the project will be able to produce up to 15 million tons of copper ore per year. At the same time, the second stage of the plant will be launched in five years, which will allow Udokan to enter the list of the top ten largest copper producers in the world.
According to experts, the reserves of this largest deposit will last for 70 years of production.
Realizing the level of competition that this enterprise can create for Western manufacturers in the future, the United States have already imposed sanctions on it.
Meanwhile, taking into account the fact that copper is widely used in electronics and electric motors, the demand for it will only grow going forward.
Today, 2.500 people are already working at the processing plant of Udokan. At the same time, a thousand more jobs will be created here in the future, and about 20,000 in related industries.
Russia began the construction of the Udokan processing plant in 2018. The volume of investments in the project amounted to 160 billion rubles.
Alex Shishlo for Rough&Polished
