A company from China has bought copper ingots worth not less than $7.4 million at a plant situated at the temporarily occupied territories of Ukraine. The company is under Western sanctions. According to Reuters, China has never applied any limitations in trade with Russia, but USA has warned that it would blacklist companies that violate…
Uzbekistan has sent a train with copper to Europe along a new route bypassing Russia. The train with copper concentrate will run along the so-called Middle Corridor: Uzbekistan – Turkmenistan – Azerbaijan – Georgia – Bulgaria/Europe with the length of over 4 thousand km. The Caspian and Baltic Seas well be crossed on railroad ferries.…
Smart Holding N.V. (the Netherlands) has gained direct control over a minority share in Inter Activ LLC, which in May purchased a special permit to develop the Zalesy-Shmenki copper ore deposit in Volyn region. On September 22, the company bought 24.99% in the LLC. “Inter Activ has made an additional issue to increase its statutory…
Georgia’s copper ores imports from Azerbaijan from January through November 2021 amounted to $6.5 million, down by 52.8%, the National Statistics Office (Geostat) reported. Georgia’s imports of copper ores from Azerbaijan in November 2021 decreased by 85.1% YoY and by 89.2% MoM and totaled $440,020. Azerbaijan ranked 6th among main exporters of copper ores to…
The State Service of Geology and Subsoil of Ukraine has cancelled the auction in the Prozorro.Sales system to sell rights to develop a part of the Zalesi-Shenmki copper ore deposit. This was the fourth attempt to find an investor. The latest winner was ARP Start LLC, which offered 82 million UAH with the initial price…
Global Analytica LLC has won a Prozorro.Sales auction to use a part of subsoil with the reserves of copper ores “Zalesy-Shmenki” with the size of 2336.7 ha. The company offered 122.2 million UAH, up five-fold from the starting price. The land plot is located in Volyn region. Reserves are estimated at 160 thousand tons. The…
On August 9, the State Service of Geology and Subsoil will hold another auction to sell subsoil with the reserves of copper ore at the Zalesy-Shmenki ore field with the size of 2336.7 ha in Volyn region. R1 reserves amount to 160 thousand tons. At present Ukraine does not extract copper. In 2020, the country…
Copper Technology, a part of the Russian Copper Company, has started constructing a mine at the 50 Let Oktyabrya deposit. The construction will last for 4 years. It is expected that mining operations will start in 2024. The deposit was discovered in 1964 and is one of the largest copper-pyrite deposits in Kazakhstan. Reserves of…