Poliarm LLC intends to continue geological exploration at the Lichkvaz-Tey gold and copper deposits. Poliarm bought 100% of the Armenian company, owner of the license to develop the deposits, in 2015. JORC resources of the deposits are estimated at 600 thousand ounces (18.7 tons) of gold equivalent. The Lichkvaz contains 4.3 million tons of ore…
Dalnevostochnoye Manufacturing and Geological Enterprise, a part of the state geological holding Rosgeologia, is starting prospecting at the Khodzhasky site. By the end of 2020 the enterprise will have prospected some 179 square km. The enterprise will be looking for gold and copper. The fieldworks of 2018 will be the first stage of the prospecting…
In January-March Russia exported 218.7 thousand tons of primary copper valued at $1496 million, up by 15.2% and by 40.6% YoY respectively.
In March the average price of primary copper was $6739 per ton FOB Russian border, up by 19% YoY.
Copper wire rod (wire) price was $6769 per ton, up by 23.4%. (Ukrainian metal)
The Safyanovskaya Med mine, a part of UGMK, has mined the 1-millionth ton of copper ore. The development of the deposits started in 1992 as an open-pit mining; and is bound to be completed in 2020. In 2010 the construction of the underground mine began. So far the miners have reached the level of 500…
In January-March Russia exported 931.9 thousand tons of aluminum valued at $1.827 billion, up by 8.5% and by 27% YoY respectively. According to the Federal Customs Service, nickel exports dropped by 11%, to 33.7 thousand tons, valued at $444.2 million, up by 20%. Copper exports reached 175.9 thousand tons valued at $1.2 billion, up by…
BAST intends to increase copper-nickel ore processing capacities at the Maksut deposits 3.5-fold, to 1.4 million tons per year. Additional capacities of 1 million tons will be constructed in 2019. BAST is negotiating the cooperation with a major trading company, specializing in metals. Their investments could amount to $8-10 million. This year BAST will process…
In January-February Russia exported 152.6 thousand tons of primary copper valued at $1051 million, up by 23.1% and by 51.6% YoY respectively.
In February the average price was $6932 per ton of primary copper, up by 22.81% YoY.
The price of copper wire rod was $6785 per ton, up by 25.4%. (Ukrainian metal)
Dalnevostochnoye PGO, a part of the state geological holding Rosgeologia, in the new season will start prospecting works at three promising gold sites in Khabarovsk Territory. By the end of the year the prospectors will have to complete the research at the Poniysky site. The prospecting for the gold-quartz and gold-copper-porphyry ores on the site…
As a result of prospecting and evaluation works new ore objects were discovered in Kazakhstan. Chairman of the Committee of Geology and Subsoil Use of the Ministry for Investment and Development Akbatyr Nadyrbaev and Chairman of the Board of Kazgeology JSC Galym Nurzhanov told about the work carried out in 2017 on geological study of…
The Far East Development minister Alexander Galushka during his working trip to China has held a number of meetings with the local businesses. In particular, he held talks with the Minmetals Corporation. The corporation is eyeing the development of the Malmyzh copper-porphyry deposits in Khabarovsk region. The deposits reserves amount to 5.6 million tons of…
In 2017 Russia exported 0.1363 million tons of raw nickel, down by 26.6% YoY. Almost all the volume was sold to the far foreign countries (0.136 million tons). According to the Federal Customs Service, raw aluminum exports dropped from 3.481 million tons in 2016 to 3.208 million tons in 2017. Far foreign countries accounted for…
The prospecting of copper ore deposits on the Novopetrovskoye field in the Republic of Bashkortostan is complete. According to the inspection, the deposits have the reserves of 387 thousand tons of R1 copper with the average content of 1.44%, 151 thousand tons of R2 copper (1.28%), 638 thousand tons of R1 zinc (2.37%) and 268…
A new plant to produce copper wire rod opened in the city of Togliatti. In particular, a cold start was made to the fire refining furnace. The plant is expected to produce 24 thousand tons of copper wire rod per year and will employ 170 people. The owner of the plant – Akron Holding –…
The Russian company, RosGeoPerspectiva, will carry out geological exploration work to find copper and gold in the promising areas of Kazakhtau and Kazakhtau 1 in Navoi region of Uzbekistan. The Russian side and the State Committee of Uzbekistan for Geology and Mineral Resources have already prepared a draft agreement on geological exploration and pilot production…
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…
In January-September Russia exported 485.2 thousand tons of primary copper and copper wire rod valued at $2777 million. Sales volumes increased by 8.6% YoY, but were 5.6% lower than in 2015. Revenue increased by 34.4% YoY, but was lower than the indices of the 6 previous years. The share of primary copper is 78%. In…
UGMK-OTsM has presented a new product on the Russian market – the Cu+ antimicrobial copper. The company has already sold the first batch of rolled Cu+. The Moscow-based Delis Food company purchased 2 tons of M2 copper foil with the size of 0.05×500 mm according to GOST 1173-2006. Delis Food has started work to obtain…
Japanese corporations are interested in joint projects with Kazakhstan on geological exploration of gold and copper, Kazakh Kazgeologiya said in a message. During the Japan-Kazakhstan business forum entitled “Investment opportunities in the regions of Kazakhstan” in Tokyo, the sides discussed investment projects in the mining and metallurgy, energy, chemical, and agrarian industries. Vice-Minister for Investments…
The state enterprise Electrotyazhmash works has concluded 2 agreements with the Ukrainian International Group Ltd for the delivery of copper valued at 62.19 million UAH. By the end of 2018 the company will have supplied some 220 tons of splints and wire, as well as 1250 kg of wire at the average price of 1949…
The main sections of copper exports from Russia are raw copper (72.6%), wire and wire rod (23.9%). Imports are represented by pipe fittings, pipes and raw copper. Local rolled copper and alloy output is around 60 thousand tons per month. A slight increase is expected in 2017. The main copper manufacturers are Artemovsk Non-Ferrous Processing…
Tominskoye Mining and Processing Works has started preparing the territory for the construction of the new enterprise. “The first stage of the factory construction will end in late 2019. By that time all the manufacturing units of the processing factory will have been constructed,” the GOK CEO Valery Ulanovsky said. The mining and processing works…
AK Processing intends to put into operation a cathode copper works in Urdzhar region in the East-Kazakhstan district. The cost of the project is 4.58 billion tenge. The works will have the capacity of 2520 tons of copper per year. It will be put into operation in 2018. AK Processing is the daughter company of…
Russian state geological exploration company Rosgeo has initiated exploration of gold and copper at a 121 square kilometer Yumtulsky prospective area in Russia’s easternmost Khabarovsk region through its subsidiary Dalgeophizika.
According to the company statement on August 16, it plans to finish the survey until the end of 2019. (Prime/Ukrainian metal)
Australian-British Rio Tinto jointly with Kazgeologia started new exploration work in Karaganda region. According to the regional administration, the exploration is taking place in two areas of the region Korgantas and Balkhash-Saryshagan. The company expects to find three world-class copper deposits with at least 1 billion tons of metal. The volume of investments at the…
GRK MLD LLC intends to put its copper concentrate and cathode mining and processing works in the East-Kazakhstan region into operation this year.
According to the regional department of entrepreneurship and industrial-innovative development, investments into the project total 17.4 billion tenge. The works capacity will be 750 thousand tons of ore per year. (Ukrainian metal)
According to the Statistics Committee of the Ministry of national economy, in January-June Kazakhstan increased copper cathode manufacture by 5.4% YoY.
Raw zinc output decreased by 0.5%.
KAZ Minerals and KazZinc contributed the most to the output. (Ukrainian metal)