Major Chinese companies are interested in investing into copper deposits in the Volyn region. “The Zhirichi copper deposits have attracted attention of major Chinese companies. They’ve been aware of the deposits back in USSR. Now they want to construct a plant to produce cable, semiconductors and all the rest made of copper”, the Volyn regional…
Polymetal International plc has increased its share in Vostochny Bazis LLC, which has the license to work at the Tarutinskoye copper deposits, from 75% to 100%. Polymetal bought the additional 25% from Geronesa Trading Ltd. Tarutinskoye is a typical gold-copper deposit and fits Polymetal strategy of creating processing hubs. The deposits will provide raw materials…
In 2016 raw copper output in Russia increased by 0.7% YoY. According to the Federal Service of State Statistics, copper rods and sections output went up by 18.8% YoY, plates, sheets, and strips – by 3.9%, while that of wire decreased by 11.8%, and of foil – by 8.3%. (Ukrainian metal)
In 2016 Holding Cable Alliance (uniting cable assets of the UMMC) processed 37.5 thousand tons of copper, up by 12% YoY. The increase was caused by the major modernization of industrial sites and the expansion of the product range. 2016 saw new machinery assembled at all HCA companies. Thanks to this they were able to…
In 2016 Central Asia Metals produced 14.02 thousand tons of copper, up by 16.1% YoY. According to the company statement, in Q4 copper output dropped by 17.8% YoY, to 3.01 thousand tons. Copper sales in 2016 increased by 15.8% YoY, to 13.938 thousand tons. (Ukrainian metal)
Russia’s Vnesheconombank (VEB) plans to use about $100 million of the National Wealth Fund’s money in 2017 to finance pre-front end engineering and design (pre-FEED) works at the Udokan copper field, VEB CEO Sergei Gorkov reported. “The supervisory board has approved it, it was done rather a long time ago. This is not a large…
In January-November raw copper output in Russia increased by 0.1%. According to the Federal Service of State Statistics, copper plates, sheets, bars and bands output went up by 4.9% YoY, of rods and sections – by 19.2%, while that of wire dropped by 14.2% and of foil – by 9.4%. (Ukrainian metal)
In January-November Russian output of raw copper alloys decreased by 31.6% YoY. According to the Federal Service of State Statistics, in November raw copper alloy output dropped by 23.5% YoY and by 14.5% MoM. (Ukrainian metal)
