At the end of 2013, the international holding Yildirim Holding invested its own financial resources in the mining industry of Kazakhstan, acquiring the Voskhod chrome ore deposit in Khromtau, Aktobe region, working in parallel with the Eurasian Bank for Reconstruction and Development (EBRD) and UniCredit Bank regarding the investment restructuring through the external sources.
As a result of the deposit assessment, taking into account the international requirements to preserve the region’s ecology and staff health, to conduct and ensure the organization of work, as well as all technical and legal assessments, including those related to taxation, the above financial institutions ultimately decided to cooperate with Yildirim Holding on the issue of refinancing the investments.
Voskhod supplies the chrome ore concentrates to the low-carbon ferrochrome manufactures (LC FeCr), the chrome metal manufactures and the chrome chemistry manufacturers. The company also supplies the raw materials for another subsidiary of Yılmaden Holding - Tikhvin Ferroalloy Plant in Russia.
Currently, the Voskhod's annual chrome ore production is 1.3 million tons.
Voskhod Group of Companies is the world's No. 1 producer of solid lump chrome ore. The chrome ore beneficiation capacity has increased from 40% to 80% thanks to investments in the advanced equipment and human resources. An innovative manufacturing process has been implemented to reduce the costs and improvement of efficiency. The proven mine reserves corresponding JORC has one of the highest in the world ratios of chrome and iron, ranging from 3.5:1 to 3.8:1. Voskhod periodically updates its resources and reserves in accordance with the international standards.
Chrome Ore Processing Plant in Voskhod
Voskhod Chrome Ore Concentrating Plant processes and concentrates the chrome ore from the mine. The concentrate of various fractions is produced at the concentrating plant. These products are produced in three different cycles through the gravity separation used to remove the by-product vein minerals and the low-grade mineralized material.
The high technology and equipment used can minimize the cost of beneficiation and produce a high-quality product that meets international standards.
|Ore Type||Metallurgical Grade Lumpy||Metallurgical and Chemical Grade Fines||Metallurgical Grade Concentrate||Metallurgical Grade Concentrate|
|Product Code||BX 1-3
|Cr2O3||40% min||44% min||50% min||54% min|
|Cr/Fe Ratio||3.2/1 min||3.2/1 min||3.4/1 min||3.5/1 min|
|Size||10-100 mm, -10 mm
|0-13 mm, 100%||0-1 mm, 100%||0-1 mm, 100%|