About Covalent Coin
The idea of the proposed project is building of a titanium-zirconium ores mining and processing complex at Novosibirskaya oblast (Ordynsky region, Filippovo village). The initial product for the production facility to be built will be obtained from the potentially productive Filippovsky allotment at the Ordynskaya zirconium-ilmenite alluvial deposit (with only known reserves figuring up to about 45.4 mln tonnes of titanium dioxide and 8.8 mln tonnes of zirconium dioxide). Established specially for this purpose, “Mineral Group”, LLC will bring this project into effect. “Siberian Industrial Holding”, LLC, having a strong goodwill with the business community as well as with the administrative authorities, and a huge experience at this sphere, will be the organiser of the project.
The project is planned to be executed over two phases. According to the project data, the first phase realisation period will be 24 months (from May 1st, 2014 till May 1st, 2016), the second phase realisation period - 24 months (from May 1st, 2016 till May 1st, 2018).