The volume of private investments into the gold-copper deposit Peschanka in Chukotka Autonomous District will reach 268 billion rubles.
3 thousand jobs will be created.
The Peschanka JORC resources are 9.5 million tons of copper and 16.5 million ounces of gold. (Ukrainian metal)
Raw copper and copper alloys exports in January-September dropped by 6% money-wise and by 17% volume-wise, all YoY. In 10 months Kazakhstan mined 85.5 million tons of copper ores, up by 5.4% YoY, 10.4 million tons of copper concentrate, up by 10.9%, and 4.1 million tons of copper-zinc ores, down by 1.7%. Kazakhstan is the…
Magadan region can offer gold-extractors to additionally develop its non-ferrous metals deposits. Copper extraction is a promising business in the region. Its reserves are estimated at 44 million tons. The region also has some reserves of lead, tungsten and other non-ferrous metals. Copper could be exported, as it was not hit by the sanctions. (Ukrainian…
A number of foreign investors have shown their interest in constructing copper-smelting facilities. According to the acting Prime Minister Nicol Pashinyan, such a project is very important for the country, as it will allow processing ore on the spot, without exporting it. At the same time, the finished products could find their customers not only…
The Federal Agency on subsoil use has announced an auction for the development and extraction of bismuth-containing copper-cobalt ores at the Western site of Kara-Jul ore lode in the Republic of Altai. The initial price of a 20-year license will be 413.07 million rubles. The Moscow-based company Altairudametall owned the license in 2006-2015. But the…
In January-August Russia exported 540 thousand tons of copper valued at $3551 million, up by 11.3% and by 27.9% YoY respectively. The volume of primary copper exceeded 80%. In August the average primary copper price was $5897 per ton, down by 9.4% YoY. Copper wire rod price was $6196 per ton, up by 4.3%. (Ukrainian…
The manufacture of rolled copper by Russian works is based on domestic consumption and almost does not depend on external factors (LME cathode prices, world industry growth rates, etc.). According to the Institute Tsvetmetobrabotka CEO Yuri Raikov, in 2014-2017 copper exports dropped 2-fold, while imports – by 35-40%. The share of the competitive products in…
Russian Prime Minister Dmitry Medvedev has signed a ruling to hold a 413.07-million ruble auction.
The right to develop the Zapadny Kara-Kulsky bismuthiferous copper and cobalt ore site in the Altai region will be sold, according to the ruling published on the government’s website on October 2. (Prime/Ukrainian metal)
The State Service of Geology and Subsoil of Ukraine has put on sale on February 12, 2019 a number of licenses to develop subsoil. In particular, one of the auctioned lots will be a special license for the Prutovskoye sulfide copper-nickel ore deposits in Zhitomir region. The starting price will be 9.737 million UAH. (Ukrainian…
In January-August copper output in Kazakhstan grew by 0.2% YoY, to 0.28 million tons, with 0.042 million tons produced in August, up by 9% MoM. According to the statistics committee, zinc manufacture grew by 0.8%, to 0.22 million tons. In August output decreased by 1.4% and by 3.7% YoY. The largest non-ferrous metals manufacturers in…
A major mineral exploration project is being implemented in Kazakhstan’s Karaganda region in cooperation with foreign investors. An Australian-UK concern, the name of which was not disclosed, allocated 9 billion tenges to search for minerals. The total exploration area is 17,000 square meters. The exploration is carried out at sections in Balkhash-Saryshagan and Korgantas regions.…
The Kristall Non-Ferrous Metallurgy Works, situated in the North Osetia, will be restored by S7 Group. The works used to be the only producer of the vacuum cooper in the country. The operation of the works started in 1967. All the machinery has been retained since the suspension of operations in 2012. Moreover the specialists…
Karaganda region governor Yerlan Koshanov surveyed the Sary-ArkaCopperProcessing, the cathode copper plant, that started its work in the test mode in Shetsky district, Karaganda region, the governor’s press service reports. Constriction of the plant worth more than $14 million started in 2016. Now it is operating in the test mode. The pilot batch of its…
In January-July Ukraine imported $51.894 million worth of copper and copper wares, up by 9.4% YoY.
According to the State Fiscal Service, exports grew by 38.5%, to $100.8345 million.
In July Ukraine imported $9.328 million worth of copper and copper wares, and exported – for $13.268 million. (Ukrainian metal)
In January-April Russia exported 281.9 thousand tons of copper valued at $1922 million, up by 16.9% and by 43.1% YoY respectively.
Primary copper accounts for 80% of deliveries.
In April the average price was $6766 per ton, up by 24% YoY.
Copper wire rod price was $6558 per ton, up by 21.6%. (Ukrainian metal)
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…