Rotenberg's сompany to receive $5.8m on preferential terms for plant's construction

Rotenberg's сompany to receive $5.8m on preferential terms for plant's construction
Igor Rotenberg

Earlier, the construction of a plant for the production of antimony had to be re-located from Degtyarsk to Asbest under the pressure of environmentalists and social workers.⁠

The company National Antimony Company (NSC), 50% of which belongs to businessman Igor Rotenberg, received a low-interest loan for the construction of a plant for the production of antimony. The total loan amount from the Industrial Development Fund will be 350 million rubles ($5.8m) at 5% per annum. The NSC intends to build the first in Russia plant for the production of antimony trioxide, which is used to impart fire resistance to various materials, in the city of Asbest of the Sverdlovsk region.

As RBC informs referring to the representative of Igor Rotenberg, the businessman considers this project very interesting for investing in Russia. However, the public criticized the plant construction project. In 2015, the enterprise intended to be built in Degtyarsk, but because of mass protests of ecologists and local residents the construction was moved to Asbest. But even there the project did not receive support. In June 2017, an initiative group of citizens submitted a petition to the Asbess Electoral Commission to hold a referendum on the construction of an enterprise for the production of antimony. Antimony and compounds of this metal are toxic, and lead, arsenic and sulfur are used during recycling.

The national antimony company belongs halfway to the son of Arkady Rotenberg and GeoProMining company of Siman Povarenkin. The same company owns antimony deposits in Sarylakh and Sentachan in Yakutia with a high content of antimony. Raw materials for the new plant are going to ship from there. After the launch, the company intends to fully cover the needs of the Russian market, producing more than 6000 tons of antimony trioxide, cathodic antimony, gold-containing concentrate and metal antimony. Currently, these products are imported from China and Europe.

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