BELARUS NEWS AND ANALYSIS

DATE:

17/03/2011

Belarus seeks investor to build plant at Okolovskoye iron field

MINSK, Mar 17 (PRIME-TASS) -- Belarus has announced an open international tender to choose an investor for the construction of a pellet production plant at the Okolovskoye iron ore deposit, an official at the countryís Ministry of Natural Resources and Environment Protection told PRIME-TASS Thursday.

The project, which envisages the construction of a mine, dressing plant, pellet plant, and metal coating plant, including all the necessary infrastructure, is to require about U.S. $1.35 billion worth of investment.

Bids for the tender are being accepted until October 9.

The depositís reserves amount to 145.4 million tonnes of ore comprising 15.44% magnetite iron and 25.52% total iron.

Source:

http://www.prime-tass.com/news/0/%7BBC4484B8-861B-4FEF-B9B0-13EB075E2249%7D.uif


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