Russia: TMK not allowed to buy Technomash

The Federal Antimonopoly Service of Russia has rejected the offer of the Pipe Metallurgical Company to buy 100% of the “Tekhnologii bureniya” Company, owned by Hilong Energy (China). The FAS believes the deal will limit competition on the Russian market of drilling pipes. TMK is the largest manufacturer of drilling pipes in Russia – in…

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Russia: Rosgeologia defines non-ferrous metals resources in Chelyabinsk region

Chelyabinskgeosyemka, a part of the state concern Rosgeologia, has fulfilled the prospecting works at the Oktyabrskaya field scheduled for Q3. The field is situated in the Chelyabinsk region. The reserves of the Karakulsko-Podovinnaya copper ore zone are 930 thousand tons of copper and 210 thousand tons of zinc. The resources of the Troitskiy molybdenum-tungsten ore…

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