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AVISMA Corporation is negotiating the production of titanium raw materials in Vietnam

Guide Verkhnaya Salda Metallurgical Production Association AVISMA seeking an alternative to Ukrainian ilmenite (raw material for production of titanium). This is due to a decrease in the volume of imports of ore from the main supplier of the Russian company — Volnogorsk MMC (Dnipropetrovsk region). In connection with this circumstance, VSMPO management is in talks about the possibility of production of titanium raw material in the mines of Binh Thuan province, located in the southeast of Vietnam, not far from major population centers of the republic — Ho Chi Minh City.

On the territory of Vietnam explored several dozen small titanium deposits (only in the coastal part of the country, bordering the South China Sea, it revealed about 40 placer occurrences). This metal resources in the interior of the country is (according to different sources) from 0.2% to 1% of world reserves. The field also, the development of which the negotiating representatives of the Russian titanium company, is among the five largest world storerooms. According to preliminary data of the geological exploration it contains more than 650 mln. Tons of ilmenite.

This week a representative of one of the world's largest consumer of titanium, — The Boeing Company — confirmed the readiness of the US corporation to invest in the VSMPO-AVISMA products in the next 30 years, about $ 18 billion… In light of these developments, the question of finding new assets to the raw enterprise security has become for the Russian corporation is even more important.

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