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News
January 13, 2012
Delegation of Chinese company NFC pays a business visit to East-Siberian Metals Corporation
From 12 January to 17 January, the delegation of
11 technical specialists of Chinese company NFC, led by Mr Chen
Zhenghai, Head of Mining Department, paid a business visit to
East-Siberian Metals Corporation.
From the Russian side, 11 technical specialists from East-Siberian
Metals Corporation led by Deputy General Director S.N. Garichev,
met with the Chinese delegation. Ernst & Young
specialists, led by Partner of the Moscow-based Unit Alexey Markov,
who submitted the Due Diligence report prepared at the request of
the Chinese side, as well as East-Siberian Metals Corporation
lawyers led by M. Solton, also participated in the talks.
The main purpose of the visit was closer and more detailed
familiarisation of the Chinese specialists with the project of
construction of Ozerny Mining and Processing Complex, combined ore
processing technology, electric power supply and transportation
service, finance and economy model and legal aspects of the
project. The work was performed at general joint sessions, and in
three specialized work groups:
• Local geology, mining and open-cast design (headed by D.N.
Novikov)
• Technology of produced lead-zinc ore processing (headed by M.N.
Bryksin)
• Power supply of production (headed by K.E. Yevgrafov)
At the final session, the work outcomes were summarized and the
action plan for the nearest 2-3 months was outlined in order to
prepare an investment feasibility study for the Chinese bank.
The Chinese party expressed its intention to open NFC
representation office in Moscow in March this year.
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