Russia: Evraz and VEB.RF to create JV over Sibuglemet

Russian state development corporation VEB.RF and mining giant Evraz may create a joint venture basing on coal producer Sibuglemet. VEB.RF may contribute Sibuglemet to the joint venture to get a 25% stake, while Evraz may obtain a 75% stake after contributing coal producers Yuzhkuzbassugol, Raspadskaya, and Mezhegeiugol. According to a source familiar with a top…

Russia: tin to be mined in Yakutia

The manufacture of tin concentrate in Yakutia will have reached 5.5 thousand tons by 2032. The government of the region intends to restore tin industry by developing tin deposits and commissioning the Tirekhtyakh alluvial site and Deputatskoye deposits. Yanolovo, the developer of the Tirekhtyakh, is negotiating investments with China. The site reserves are 68.4 thousand…