Evraz invests more than 9 bln roubles into iron ore production in Yakutia

A mining-and-smelting company Evraz Plc is about to invest more than 9 billion roubles into the iron ore deposit in Yakutia “Taezhnoye” before 2017. The vice-president of the company for large-scale projects, chief executive of the division “Ruda” M.Atnashev said about it to ITAR-TASS. “The construction of the Taezhny GOK will start next year, an implementation of the project is planned for 2016 and an attainment of the projected capacity in 2017,” he said.

Full-scale development of the deposit will approximately need 60 billion roubles, according to Atnashev. “There necessary 9 billion roubles of investment for the next three years,” he said.