The government of the Republic of Tuva in Siberia, Russia, is planning to build the first cement plant in the region.
The plant will be based on the Karachatsky clay deposit (6 million tonnes in reserve) and Khairykansky limestone deposit (19 million tonnes in reserve).
The plant's design capacity is 330,000tonnes of cement/year and it may be increased to 1 million tonnes/year later.
The construction is to be completed in three years and will require an investment of between RUB 1.50 billion (€33.23 million) and RUB 2 billion (€44.31 million). The project is expected to pay back in seven years.
It is planned that the new plant will feed the local market with cement (including the Republic of Khakasia and part of Mongolia).
The government of Tuva has already made a contract of intents with investors from Azerbaijan, and the negotiations will continue in early 2014.
Demand for cement in Tuva's building material market is some 180,000tonnes/year.
After the Available and Comfortable Homes state programme is launched, demand for cement is expected to double. At the moment, cement is supplied to Tuva from other regions, which makes it 1.5 times more expensive.
