July 16, 2010
M.V. Slipenchuk: Ozerny GOK is my personal responsibility
Last week the international press-tour
to Buryatia finished. It was intended for journalists from Japan,
China, France and Great Britain, and was organized by METROPOL
Group of companies and “MBC Corporation”. The press-tour
Kholodninskoye deposits, and “Baikal Habour” Special Economic
Zone of tourism and vacation where they took part in the work
of a round table “Special economic zones as a way of
attracting investments into the region by example of the Republic
of Buryatia” and saw the submersion of MIR-1 and MIR-2 manned
On 8 July 2010 the group of journalists met with
the management of METROPOL Group of companies and the MBC
Corporation at shift camp of Ozerny Mining and Processing Plant.
Among the main reporters was the head of METROPOL Group of
companies and the Chairman of the MBC Corporation Board of
Directors M.V. Slipenchuk. His report covered the process of
Ozernoye deposit development and the way METROPOL GC joined the
project. M. Yu. Borsin, Deputy General Director of the IFC
METROPOL, B.D. Tsirenov, Deputy General Director of the MBC
Corporation, D.B. Dambayev, Head of Yeravninsky district, and L.D.
Kozlova, Head of “Ozerny” settlement took part in the meeting.
Currently the Ozernoye and Nazarovskoye
development investment project (the latter is located nearby
Ozernoye and will supply raw material for the mining and processing
plant bearing the same name) is at the stage of deposits opening –
in October 2009 the stripping works were launched at Ozernoye
deposit. The mining enterprise is to be put in operation in 2010.
Total works financing, both for engineering and construction, is
carried out by the METROPOL GC. It has been already invested $100
M., the total of external financing necessary to put the GOK in
operation in 2012 will amount to more than $1 billion. Part
of these funds was directed to Banking Investments Feasibility
Study drafting and other design and construction materials.
For this purpose the world renowned companies such as Hatch, Roland
Berger, AMC Consultants, etc. have been involved. At present all
essential works have been fulfilled.
Also, it is planned to purchase mining
processing plant, mining equipment and a power station for Ozerny
GOK. As M.V. Slipenchuk reported: ”International
tenders for these supplies are in full blast, and I think that
they will be completed by the end of this summer”.
One of the major points, i.e. ownership
structure and mining assets management, was discussed at the
meeting with journalists. As it has been
already notified in the MBC Corporation news, the Company has
acquired the status of the sole executive body of “Ozerny GOK” JSC
in this April that allows direct control over this asset.
METROPOL GC is a 100% owner of Ozernoye deposit project.
Answering the journalists’ questions M.V.
Slipenchuk noted that METROPOL GC is looking for a potential
partner in deposit development. METROPOL’s goal is to launch the
project “from scratch” and to make it attractive to investments,
transparent and accessible to investors. Mikhail Slipenchuk added
that among the potential investors whose applications are under
study at present are several Chinese and a Japanese company.
Negotiations are being held with Vnesheconombank and Sberbank.
At the same time the MBC Corporation, owing to
effective efforts of a professional team of experts in the field of
industrial construction, project financing and mining, already for
five years independently maintains mining operations under METROPOL
GC projects. From the very beginning the company follows the norms
and rules of public activities. The MBC Corporation Board of
Directors is interested in providing investors with full and
Ozerny GOK main objective is to ramp up to
planned capacity by 2013 with no less than 6Mtpa output and 53%
zinc concentrate production. These indexes allow the GOK to achieve
6-7th place in the world according to output volume. The forecasted
operating income is about $1 billion per year. It is worth to note
that Ozerny GOK JSC is registered in Buryatia and taxes will be
directed to Republican budgets of all levels.
Mass media representatives touched upon the
issue of the GOK under construction output distribution. With
regard to the above mentioned M.V. Slipenchuk informed that China
would be the major zinc consumer owing to rapid motor industry and
construction industry development in this country. The second
market is Japan with a great demand for zinc concentrate. And
further, Korea goes with large zinc processing enterprises. To end,
one of the main product markets will be Russia.
To supply Ozerny GOK, in particular, and all
mining industry of Buryatia in general, with qualified specialists
the METROPOL GC developed and launched the Programme of Buryatia
youth training in St. Petersburg Plekhanov Mining University in
2006. 79 students were directed to this higher education
institution within these four years.
Finishing his report M.V. Slipenchuk affirmed
that maximum efforts would be laid for successful development of
Ozernoye deposit. “The MBC Corporation is managing the project, it
partly bears my name. So its success and success of the
Corporation projects is my personal responsibility”, - underlined
the Head of the Metropol GC.
The journalists noted (besides the rest) the
highest level of social responsibility of the Company. The IFC
METROPOL and “MBC Corporation” regularly channels funds for
charitable projects in the sphere of ecology, sport, music and
national culture of Buryatia. The humanitarian assistance is also
provided to the Orthodox and Buddhists temples, veterans and those
many in need in the Republic of Buryatia.
It is worth to note that without proceeds from
its projects the Group of companies has already invested funds into
the social sphere of Buryatia.
As mentioned before, the journalists have
visited OZT TRT “Baikalskaya gavan” in Turka village of the
Pribaikalsky region of the Republic of Buryatia and made a short
voyage at the special vessel Metropolia on the upper deck of which
a round table devoted to investments attraction to Buryatia was
held. For detailed information you can visit
METROPOL GC site and the
site of the Fund for Protection of Lake Baikal.
To the news list
Add to my notes