Uzbekistan intends to develop the titanic magnetite. The necessary equipment for this project are Titanic Magnetite Mining machines, Titanic Magnetite crushing machines, Titanic Magnetite grinding and beneficiation machines, Kefid can supply complete support for Uzbekistan titanic magnetite mining and crushing plan.
According to Ukrainian media reports, the Ukrainian government plans to start this year, from October to November titanomagnetite bidding. Will be completed in June this year, the pre-feasibility study programs and preparation of tender documents, evaluation results as positive, is expected to start from October to November iron ore development and implementation of the bidding. According to the Ukrainian Committee of Geology and Mineral Resources estimates that the project will reach 14.7 million tons of iron ore mining, separable from titanium and vanadium. Meanwhile, development and production of steel products annually 1.5 million tons.
Invest $ 1.4 billion project will be through foreign loans and Orchard own fund.
This iron ore was discovered in 1937, are of the same type with the South Ural ore. Its predictable resource (P1 + P2) the amount of 3.5 billion tons of ore. Due to the huge investment, so that the iron has not yet been developed. Ukrainian metallurgical mine development will have its own raw material base of the Commonwealth, the Commonwealth will be able to ensure that the decades of production needs. Currently 90% of Ukrainian black metal produced from the Commonwealth.