"Russia currently has about 35% of world resources of magnesium oxide (MgO), while the leader of [Russia's magnesia-producing] companies, Magnezit Group, owns and develops only 18.6% of all [domestic] reserves," Galina Sklyarov, a senior fellow of the Far East department of the Russian Academy of Science, which recently conducted research into the Russian magnesia industry, told IM.
In the coming years, Magnezit may lose its monopoly status in the Russian magnesia market. It is expected that its main competitor may turn out to be whoever finances the development of the Savinsky magnesite deposit in Siberia, which has total proven reserves of 2bn tonnes, accounting for around 75% of Russia's total magnesite reserves and making it one of the largest magnesite deposits in the world.
The Satkinsky mine is thought to contain some of the highest grade ore in the country. Caustic calcined magnesia (CCM) produced from the deposit grades up to 98% MgO and contains a minimum level of impurities. The Talsky deposit has magnesite resources at around 100m tonnes and is planned to be put into operation by 2018-2019. Total capacity for the new plant is estimated to be around 200,000 tpa CCM and up to 100,000 tpa FM.
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