The Tikhvin smelter, the Voskhod chrome and the Shevchenko nickel projects are ideally located for their proximity to the world’s growing stainless steel markets of China, Russia, Asia as well as the developed European markets. Stainless steel is by far the largest user of chrome units, while nickel is the third component in the mix. With global demand for stainless steel expanding during the past four decades at between 5%-6% annually, Oriel is strategically located to supply these burgeoning markets for the next 47 years.

 

The Voskhod chrome deposit (100% owned by Oriel) and the Shevchenko nickel deposit (90% owned by Oriel, 10% owned by Muzbel) have both received positive feasibility study results. These successful outcomes reflect the extremely robust economics, low associated risks, low costs and well-resourced aspects of our projects. These results are further enhanced by the advantages of the projects’ strategic locations, the relatively low cost energy sources, competitive local labour rates and the benefit of reliable independent local road, rail and power infrastructure.