Russia: RCC to mine gold and copper in Khabarovsk region

Russian Copper Company intends to buy a project to develop the Malmyzhskoye gold-copper-porphyry deposits in Khabarovsk region.

The second party of the deal will be IG Copper LLC.

The cost of the deal is estimated at $200 million.

The deal is expected to be finalized in Q3. (Ukrainian metal)

Russia: RСС buys Finnish machinery valued at 300 million euros

Russian Copper Company has purchased technologies and equipment from Finnish companies for its enterprises in Russia and Kazakhstan valued at over 300 million euros. According to the group president Vsevolod Levin, these are ball mills, flotation equipment, converters and other machines, used to extract and process copper ore and produce refined copper. The Finnish companies…

Russia: RCC takes part in Raw Materials Dialogue

The Russian Copper Company presented its Smart Copper corporate production standard at the 1st Russian-UK Raw Materials Dialogue Trust and Cooperation – the Major Elements of Sustainable Development in St Petersburg. Natalia Gonchar, RCC’s Director for EHS, discussed RCC’s principles of efficient use of natural resources, energy saving and minimum environmental impact. These principles are…

Russia: RMK gets Mining Award

The Russian Copper Company has been awarded the “Socially responsible company of the year” at the 11th annual “Russian Mining Award”. In 2016-2017 RMK carried out a number of social projects aimed at developing territories around its enterprises and improving the living standards of the population. The company also finances the construction and repair of…

Russia: Russian Copper Company profits near 4 billion rubles

In 2016 Russian Copper Company received 3.957 billion rubles of net profits. Among its main enterprises Mikheevsky GOK yielded the most: its profits reached 3.874 billion rubles. Aktyubinsk Copper Company (Kazakhstan) received 3.34 billion rubles of net profits, Karabashmed – 2.523 billion rubles, Kyshtym Copper Smelting Works – 1.34 billion rubles. Aleksandrinskaya Mining Company received…

Russia: RMK to buy half of ChUK

The Federal Antimonopoly Service has allowed the Tominsky Mining and Processing Works (a part of the Russian Copper Company) to buy a 50% stake in Chelyabinsk Coal Company. In October 2016 the press-service of the Chelabinsk region governor reported RMK planned to acquire shares of ChUK to recultivate Korkinsky coal pit. RMK needed the deal…

Russia: RMK and MMK to increase environment protection investments

According to Russian Copper Company environment, labor safety and industrial safety department director Natalia Gonchar, in 2017 the company intends to invest 1.6 billion rubles into environment protection (1.3 billion invested in 2016). The money will be spent on the protection of air, water, soil, and waste treatment. Moreover, Karabashmed, a part of RMK, environment…

Russia: RMK Chelyabinsk results for January-September 2016

In January-September companies of the Russian Copper Company Chelaybinsk division (Mikheevsky GOK, Alexandrinskaya Mining and Ore Company, Karabashmed and Kyshtym Copper-Electrolytic Works) earned 31.25 billion rubles, with 6.25 billion rubles of net profits. In particular Mikheevsky GOK received 13.12 billion rubles with 2.97 billion rubles of net profits. Karabashmed earned 6.92 billion rubles, with net…