Bashkir Soda Company approves Russia-Kazakhstan titanium dioxide project
ASTANA. Nov 20 (Interfax) - The board of directors of the Bashkir Soda Company (BSC), part of Bashkir Chemistry, has approved a joint Russian-Kazakhstan project for the production of titanium dioxide and zirconium oxychloride.
BSC plans to negotiate financing with Samruk-Kazyna and Tau-Ken Samruk.
The estimated cost of the project is $905 million. BSC plans to join forces with a Kazakh partner, offering a 49% share in the project.
BSC intends to inject $18.735 million into its wholly-owned subsidiary BSC-Kazakhstan to develop an ore deposit of titanium-zirconium sands in Kazakhstan.
Facilities for processing ilmenite concentrate and producing titanium dioxide will be based in Russia's Bashkir Republic.
The Bashkir Soda Company is a major Russian chemical producer.