In May Russia exported 246 tons of cobalt matte, down by 68.6% MoM and by 22.2% YoY. In 5 months exports dropped by 3.2%, to 1.9 thousand tons. In monetary terms since the start of the year the exports have decreased by 54%. Export prices in May dropped by 5% MoM, to $24 per kg.…
Fincraft Resources of the main Petropavlovsk shareholder Kenes Rakishev will invest $200-300 million in the development of mines at the Gornostayevskoye, one of the largest cobalt and nickel deposits in Kazakhstan. The cluster will start operating in 3 years, with metal to be exported to South Korea, China and Russia. The deposit reserves are estimated…
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…
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)
Rosgeologia will carry out prospecting works of the cobalt-rich ferromanganese crusts on the territory of the Russian prospecting region within the Magellan Hills of the Pacific Ocean. The corresponding agreement was concluded with the Department on subsoil use of the Northwestern Federal District in June. The project is expected to be completed in Q4 2020.…
In January raw cobalt production in Russia decreased by 7.9% YoY and by 0.5% MoM. According to the Federal Service of State Statistics, raw nickel output dropped by 40.7% YoY and by 27% MoM. (Ukrainian metal)
In January-November raw cobalt output in Russia increased by 56.6% YoY. According to the Federal Service of State Statistics, in November raw cobalt output increased by 12.3% YoY and by 5% MoM. (Ukrainian metal)
In January-October raw cobalt output in Russia went up by 61.6% YoY. According to the Federal Service of State Statistics, in October raw cobalt production increased by 18.3% YoY, but dropped by 1% MoM. (Ukrainian metal)
