Russia, South Korea's two big miners have teamed up to develop Russia molybdenum
Russian energy giant announced Tuesday En + group, with the south Korean industry and steel producers who the group (SeAH) to jointly develop Agaskyr molybdenum deposits in eastern Siberia, Russia.
Based on the two sides signed a memorandum of understanding, En + group, a wholly owned subsidiary, Russia's largest producer of molybdenum steel SMR company will with the group subsidiaries, South Korea's largest producer of molybdenum alloy SeAH M&S company cooperation, the SMR has Agaskyr molybdenum ore deposit to carry out the feasibility study and bank financing feasibility study. According to the results of the study, both parties will consider the other possibility of long-term cooperation.
En + group chief executive, said producer uc rusal ltd. opens up and the group cooperation is very important for the development of Agaskyr deposits, and En + group cooperation with South Korea's important milestone, believe that Russia's eastern Siberia rich resources and advantageous geographical location, En + group, South Korea and other Asian countries growing demand provides a unique advantage.
Data shows, En + group headquarters is located in Russia, is a diversified mining and metals and energy group, holds the world's largest aluminium company controlling stake in Russian aluminum joint company, Russia's largest independent power suppliers Russian energy group co., LTD. 100% stake, as well as the world's leading supplier of molybdenum steel SMR 100% stake in the company.
The group's business covers the iron and steel production, mining investment and information technology, such as, the iron and steel company is South Korea's largest producer of special steel.
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