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Author Archives: admin

Russia: Dauria obtains 768 kg of gold

goldBy admin18.12.2017Leave a comment

During the washing season of 2017 Dauria has obtained 768.2 kg of gold, up by 6.9% YoY. Next year the company has to obtain 550 kg of gold. Dauria is developing alluvial gold sites on the territory of Zabaykalye region. (Ukrainian metal)

Russia: 1 million tons of copper found in Khabarovsk region

copperBy admin18.12.2017Leave a comment

Dalgeophysica, a part of the state holding Rosgeologia, has finished the second stage of prospecting in Khabarovsk region. The prospecting will be complete in late 2018, but even now the specialists do not doubt that the Ponyisky site will be one of the largest gold-quartz and gold-copper-porphyritic deposits in the world. The size of the…

Russia: Nornickel to get $2.5 billion from a pool of banks

Norilsk NickelBy admin18.12.2017Leave a comment

A pool of banks will provide Norilsk Nickel with a loan of $2.5 billion. Among roughly 15 lenders will be Raiffeisenbank, Unicredit Bank, China Construction Bank, Citibank, HSBC, J. P. Morgan, etc. The total sum of the deal, including interest and commissions, is 18.14% of Nornickel assets cost as of September 30. At that time…

Russia: metal output in January-November 2017

metal outputBy admin18.12.2017Leave a comment

In January-November Russia produced 47.6 million tons of pig iron, up by 0.3% YoY. In November output increased by 1.9% YoY and by 0.9% MoM. According to the Federal Service of State Statistics, rolled metal output in 11 months increased by 0.7% YoY, to 55.5 million tons. In November the results decreased by 6.8% YoY…

Russia: Kuzbass authorities to decrease coal output

coalBy admin18.12.2017Leave a comment

The governor of Kuzbass Aman Tuleyev wants to limit granting of coal licenses in the region and decrease output to 200 million tons. Officially, to decrease damages to the environment. This year 5 auctions for coal development have been cancelled. The existing mines provide enough coal. Over 100 coal companies operate in the region, including…

Kazakhstan: new Glencore GOK to start operating in 2020

Zhairem Mining and Processing Works, Zhayrem Mining and Processing WorksBy admin18.12.2017Leave a comment

In 2020 Glencore plans to commission the Zhairem Mining and Processing Works with the capacity of 160 thousand tons of zinc per year. This asset will replace the Maleevsky and Tishinsky mines, the operation of which will be stopped in 2023. Glencore expects the demand for zinc on world markets to grow in the next…

Russia: Norilsk Nickel to issue green Eurobonds until end of 2018

Norilsk NickelBy admin18.12.2017Leave a comment

Mining and metallurgic company Norilsk Nickel plans to issue green Eurobonds until the end of 2018, Deputy Chairman of the Board Andrei Bugrov said at a central bank meeting. “There have been no green bond issues on the domestic market yet. Norilsk Nickel is discussing an option to issue the instrument to support a program…

Russia: NChTZ starts producing casing pipes

Naberezhniye Chelny Pipe WorksBy admin18.12.2017Leave a comment

Under the first stage of the investment project Naberezhniye Chelny Pipe Works has purchased equipment and started producing casing pipes for oil and gas industry. The manufacture started on the leased territories at the Chelny industrial park. The annual capacity of 48 thousand tons of pipes is expected to be reached by early 2020. “We…

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