Outotec and Baikal Mining sign Copper Concentrator and smelter contract to start production in 2022

Published: Jun 17, 2019 14:11

Save

Outotec has signed a contract with Baikal Mining Company, Russia, for a copper concentrator and a wet smelter valued at 250 million euros (approximately US $282 million). Of that amount, about 35 million euros will be included in Outotec's second quarter orders. Upon commissioning, the project is expected to have an annual ore processing capacity of 12 million tons and will be delivered by 2020.

SMM6, 17 March: Outotec has signed a contract with Baikal Mining Company, Russia, for a copper concentrator and a wet smelter worth 250 million euros (about $282 million). Of that amount, about 35 million euros will be included in Outotec's second quarter orders.

Upon commissioning, the project is expected to have an annual ore processing capacity of 12 million tons and will be delivered by 2020.

The first phase of the plant is expected to have an annual capacity of 120000 metal tons per year and will be put into production in 2022. Baikal Mining Company said it also plans to further expand its production capacity to 480000 metal tons per year.

Copper capacity price forecast output

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

7 hours ago

Tax-Inclusive Procurement Costs for Copper Scrap Rose, and "Reverse Invoicing" Became a Key Compliance Pathway

Looking back at 2025, as the transitional implementation year for the "reverse invoicing" policy, the National Development and Reform Commission's "Document No. 770" explicitly required the termination of local governments' non-compliant investment promotion cooperation. Under the policy guidance of building a unified national market, the copper scrap industry has been gradually moving toward a standardized and compliant development track.

7 hours ago

Mar 28, 2026 11:05

CMOC: 2025 Net Profit up 50.3% YoY, Copper Production at 741,100 mt; Niobium, Cobalt, Molybdenum, and Tungsten Output Exceeded Expectations

Mar 28, 2026 11:05

Mar 27, 2026 17:05

INE to Expand Tradable Options for Qualified Foreign Investors, Adding TSR 20 Rubber and Copper Contracts

According to an announcement by the Shanghai International Energy Exchange, with the approval of the China Securities Regulatory Commission, effective April 22, 2026 (from the night continuous trading session on April 21), the Shanghai International Energy Exchange (hereinafter referred to as INE) will further expand the range of tradable products available to Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors (collectively, Qualified Foreign Investors), with the newly added commodity options contracts open for trading as follows: TSR 20 rubber and international copper options contracts.

Mar 27, 2026 17:05