RusAl may build major enterprise on Kola Peninsula

RusAl, the major Russian aluminum producer, is considering the possibilityof building an enterprise to produce virgin aluminum on the Kola Peninsula(the Murmansk region). The cost of the project is somewhere between $900mand $1bn. This matter was discussed at a meeting of Murmansk regionalgovernor Yury Yevdokimov with RusAl representatives, the governor's pressservice reported to RosBusinessConsulting. According to preliminaryestimations, the new enterprise will be producing 300,000 tons of virginaluminum annually and employ 2,000 or 3,000 people. The Kola nuclear power station may become the potential energy resource forthe enterprise, as they will be located close to each other. Director ofRusAl's energy department Ivan Bokhmat was quoted as saying that the reasonfor choosing the Murmansk region for this project, was not only due to itsenergy resources and their cost, but also because the region has twoseaports that will allow cutting product transportation expendituressignificantly. .


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