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    Mining Industry of Russia

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    Mike E
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    Re: Mining Industry of Russia

    Post  Mike E on Wed Sep 17, 2014 3:09 am

    Nah, he is all for the gold standard.

    sepheronx
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    Re: Mining Industry of Russia

    Post  sepheronx on Wed Sep 17, 2014 4:57 am

    Zimbabwe has the mineral Platinum which is very valuable. Add in Diamonds and Russian companies can make a killing. The other thing is that Russia isn't deemed "the white man" to these people as the white man concept is more geared towards the British and other colonialists that caused issues in the past. Thus it will be easier for Russian companies to operate. These resources alone will be good for Russia, especially if Zimbabwe accepts Rubles. Only issue is now how will Zimbabwe develop itself (or not at all).

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    Mining industry of Russia

    Post  GarryB on Wed Sep 17, 2014 10:52 am

    Old europe has swept through the world gorging up on easy resources... changing boundaries, starting wars, creating the Middle Eastern Royal families.

    The result has been the people get crapped on and a few officials make a fortune.

    Now I can't guarantee Russia wont do the same but the Chinese certainly seem to have been building schools and roads where they invest their money because a modern workforce makes things easier.

    BTW If Zimbabwae has not money they can pay in Platinium.

    Just look at the history of Belgium in the Congo to see how bad they could be and still be 100 times better than westerners.


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    George1
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    Re: Mining Industry of Russia

    Post  George1 on Thu Jan 08, 2015 2:54 pm

    Russian miners find rock containing 30,000 diamonds

    Russian workers at Alrosa's Udachnaya diamond mine have found a strange red and green 30 mm rock containing over 30,000 tiny diamonds, which may yield valuable information about how the precious gems form in natural conditions.

    While the stone had a concentration of diamonds 1 million times higher than normal, the miners knew such small diamonds were pretty much worthless as gems, so they donated it to the Russian Academy of Sciences for study, LiveScience reports.

    After scanning the rock with X-rays, scientists found that the diamonds inside measure just 1mm and are octahedral in shape — similar to two pyramids stuck together at the base. The red and green colouring comes from larger crystals of garnet, olivine and pyroxene.
    Russian miners find rock containing 30,000 diamonds

    Image courtesy of Larry Taylor, geologist at the University of Tennessee. (Click on it to enlarge)

    "The exciting thing for me is there are 30,000 itty-bitty, perfect octahedrons, and not one big diamond," Larry Taylor, a geologist at the University of Tennessee, who presented the findings at the American Geophysical Union's annual meeting, was quoted as saying. "It's like they formed instantaneously. This rock is a strange one indeed."

    Russia is the largest diamond-producing country in the world, generating over 33 million carats last year. State-run Alrosa, the owner of Udachnaya mine, is the world's largest diamond miner, accounting for 99% of Russia’s output and 27% of global production.
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    George1
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    Re: Mining Industry of Russia

    Post  George1 on Mon Jan 19, 2015 10:13 pm

    Russian ministry of industry expects rise in retail turnover this year

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    Re: Mining Industry of Russia

    Post  George1 on Thu Jan 29, 2015 8:30 am

    Russia’s Alrosa plans 5% increase in diamond production in 2015

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    Re: Mining Industry of Russia

    Post  kvs on Fri Jan 30, 2015 1:38 am

    http://ria.ru/atomtec/20150129/1044907708.html

    http://www.sdelanounas.ru/blogs/57851/

    Rosatom developing a Uranium mine in Buryatia. Production in 2016 will be over 500 tons
    going up to 1000 tons per year in 2018.

    http://www.wise-uranium.org/upru.html

    The Uranium production by Rosatom is set for rapid expansion.

    http://www.armz.ru/eng/companies/map/

    Clickable map of ARMZ's mining operations and service companies.

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    Re: Mining Industry of Russia

    Post  George1 on Fri Apr 24, 2015 2:09 am

    Top Russian Diamond Producer Alrosa Gets Credit Upgrade

    Moody's stated that Russian diamond producer Alrosa’s credit rating was bumped up a notch to Ba2 from Ba3 on a positive reassessment of the company’s financial outlook.

    WASHINGTON (Sputnik) — Russian diamond producer Alrosa’s credit rating was bumped up a notch to Ba2 from Ba3 on a positive reassessment of the company’s financial outlook, the credit agency Moody's Investors Service said in a statement.

    “Following a reassessment of the credit profile, today's rating action reflects Moody's view that despite of the inherent risks that remain in the Russian market, Alrosa has continued to perform in line with Moody's guidance for a positive rating action, and to maintain a solid liquidity profile,” Moody’s said on Tuesday.

    Alrosa, the world’s largest diamond producer, accounts for some 28 percent of global diamond output. The Russian government is the principal shareholder in the company.

    Moody’s upgraded Alrosa’s corporate family rating (CFR) to Ba2 from Ba3, baseline credit assessment (BCA) to ba3 from b2, and upgraded Alrosa Finance S.A.'s debt to Ba2 from Ba3.

    Alrosa was previously downgraded along with 45 other non-financial corporate ratings of Russian companies and placed under review.

    A Ba2 rating means the corporate debt is still speculative at two notches below investment grade.

    Moody’s said diamond prices are stronger than expected while demand remains robust. The company’s liquidity has improved and Alrosa could benefit from the ruble’s devaluation.

    Approximately 90 percent of Alrosa’s revenue is in foreign currency while locally denominated expenditures are between 10 and 20 percent, allowing the company to benefit from a lower ruble and show robust cash flow.

    Moody’s also cited the company’s large stockpile of diamonds and global market share of 28 percent as warranting an upgrade.

    Read more: http://sputniknews.com/business/20150422/1021205392.html#ixzz3YBFuHKzM

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    Re: Mining Industry of Russia

    Post  George1 on Mon May 25, 2015 6:29 pm


    Unique gold nugget weighing 4.7 kg for Bashkortostan exhibition

    It will be on display for two days, on July 9 and 10, when Ufa brings together delegates to the intergovernmental SCO and the BRICS group

    UFA, May 25. /TASS/. A 4,788-kilogramme gold nugget named Irendyk Bear will be exhibited under 24-hour police guard in the National Museum of Bashkortostan, a Russian territory in the Urals region, as leaders from a host of countries gather for two international summits at Ufa, the capital.

    It will be on display for two days, on July 9 and 10, when Ufa brings together delegates to the intergovernmental Shanghai Cooperation Organisation and the BRICS group of developing nations Brazil, Russia, India, China and South Africa.

    Museum deputy director Venera Allaguvatova told TASS the nugget was a national treasure of Russia and Bashkortostan. Two officers will guard the unique item round the clock within the armour-plated walls of a hall housing the exhibition of Sarmatian gold.

    The Sarmats were nomadic Iranian-speaking herder tribes living in steppe areas stretching from the Urals mountains to the watershed of the Tisza and Danube rivers during the last centuries of the Early Iron Age between the sixth and fourth centuries BC.

    "There are special conditions for displaying such a valuable exhibit - a specially equipped showcase, an armed guard and a powerful alarm," said Allaguvatova, adding that since the nugget's transfer from the National Bank of Bashkortostan to the museum in 2011, it had been open to public view only two or three times.

    The nugget's shape resembles a bear and was found in 1992 near the village of Kuseevo on the eastern branch of the Irendyk mountains.

    Legend has it that in 1557, locals presented it as a gift to Tsar Ivan the Terrible as a sign of respect. But on its way to Moscow, the conveying convoy was attacked by robbers - guards travelling with it managing to hide the nugget in the earth to remain there for more than 400 years.

    The exhibition comprises 279 items.

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    Re: Mining Industry of Russia

    Post  George1 on Thu Jul 23, 2015 1:34 pm

    Russian steelmaker giant Severstal posts net profit of $806 mln in 1H 2015 — company


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    Re: Mining Industry of Russia

    Post  George1 on Mon Sep 28, 2015 9:19 pm

    Russia considers raising mineral extraction tax for steel makers — minister

    The government is now considering various options of adding sources of budget revenues

    MOSCOW, September 28. /TASS/. Russian government considers raising mineral extraction tax for steel makers, Economic Development Minister Alexey Ulyukayev said on Monday.

    "Theoretically, steel makers could be considered as well," he said when answering a respective question.

    The minister added that the government is now considering various options of adding sources of budget revenues. "The fact is more or less clear that a more gradual reduction of crude export duty is a source of budget revenues. We should cross from 42% over to 36%. Obviously, we can rather smoothly only cross to 40% and 39%," he said.

    All participants of the discussion support the issue of limiting the duty reduction, Ulyukayev said. "There are only quantitative assessments - some want less, some - more," he said.

    Additional budget revenues may be reached beyond the energy sector, for example, using revenues of the Bank of Russia, the Minister said.


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    sepheronx
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    Re: Mining Industry of Russia

    Post  sepheronx on Mon Sep 28, 2015 11:47 pm

    George1 wrote:Russia considers raising mineral extraction tax for steel makers — minister

    The government is now considering various options of adding sources of budget revenues

    MOSCOW, September 28. /TASS/. Russian government considers raising mineral extraction tax for steel makers, Economic Development Minister Alexey Ulyukayev said on Monday.

    "Theoretically, steel makers could be considered as well," he said when answering a respective question.

    The minister added that the government is now considering various options of adding sources of budget revenues. "The fact is more or less clear that a more gradual reduction of crude export duty is a source of budget revenues. We should cross from 42% over to 36%. Obviously, we can rather smoothly only cross to 40% and 39%," he said.

    All participants of the discussion support the issue of limiting the duty reduction, Ulyukayev said. "There are only quantitative assessments - some want less, some - more," he said.

    Additional budget revenues may be reached beyond the energy sector, for example, using revenues of the Bank of Russia, the Minister said.

    As long as they don't raise it too much. I dunno what the % is now, though. The mining industries are making a killing right now so the government knows they might be able to skim a bit more off from them. Issue though, is that Russia's mining industries are really doing well (and steelmakers) due to the lower prices on the minerals mixed in with the devaluation of the ruble so there is a drastic increase in exports. But if they raise it, then they may be forced to increase prices and thus decrease exports. All depends though on how much. Even 1% or 2% increase will not garner an increase in prices and could bring a bit more in. Russia is one of the few countries in this world that has a flat tax rate. They are worried to increase it due to it bringing even less disposable incomes for individuals and decreasing overall wealth of individuals. So when they decide to increase the minimum wage (maybe increase it by 10%), they can increase the income tax from 14% to at least 15 or 16% and they will gain a lot in terms of income from that.

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    Re: Mining Industry of Russia

    Post  George1 on Thu Oct 15, 2015 2:19 am

    Russia's Rusal will produce alumina from Siberian clay instead of imported bauxites

    Rusal is a leading global aluminum producer and one of the world’s major producers of alumina

    MOSCOW, October 14. /TASS/. The globally largest aluminum producer Rusal is developing an acid technology of producing alumina [feedstock for aluminum - TASS] from non-bauxite raw materials, the company said on Wednesday. The technology will make possible to produce alumina from domestic kaolin clay instead of imported bauxites.

    Rusal plans to develop feasibility study for construction of an alumina refinery with the capacity over 1 mln tonnes a year after completion of the R&D stage.

    "Russia is rich with kaolin clay. Discovered reserves will provide us with more than 200 years’ worth of production. The USA, Canada, China, Norway and Australia have been working for a long time on alumina production using non-bauxite raw materials (kaolins, ashes, etc.). New technologies are a strong competitive advantage, and no one would sell them aside," Rusal’s Technical Director Victor Mann said.

    The new technology will significantly improve Rusal smelters’ economic efficiency thanks to the low cost of the material and the logistical cost reduction, the company reported. The technology also provides for the simultaneous production of a range of high demand products, including the ones based on the silicon oxide and rare-earth metals.

    Rusal is a leading global aluminum producer and one of the world’s major producers of alumina.


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    Re: Mining Industry of Russia

    Post  George1 on Mon Nov 16, 2015 11:26 pm

    "Rusal" for 9 months increased aluminum production by 1.4%

    Bauxite production for the period increased by 7.2%, to 9834 thousand. Tons, alumina output - by 1.1% to 5496 thousand.

    HONG KONG, Oct. 28. / TASS /. The company "Rusal" (UC RUSAL) - the world's largest aluminum producer - increased its output of the metal for the first 9 months of 2015 by 1.4% - to 2724 thousand. Tonnes. This was reported in a press release.

    Bauxite production for the period increased by 7.2%, to 9834 thousand. Tons, alumina output - by 1.1% to 5 496 thousand. Tonnes.

    In 2014, the Company accounted for about 7% of global production of aluminum and 7% - of alumina. The company employs about 61 thousand people. "Rusal" is present in 19 countries on 5 continents. The company sells its products primarily in Europe, North America, Southeast Asia, Japan, China and Korea. Shares of "Rusal" are traded on the Hong Kong Stock Exchange.

    Approximately 48.1% of the shares owned by UC RUSAL of En +, Oleg Deripaska, 17.02% - the group "Onexim" Mikhail Prokhorov, 15,8% - SUAL Partners Viktor Vekselberg and Leonid Blavatnik, 8,75% - Amokenga Holdings (owned by Glencore) 0.26% - the company's management. Only a little over 10% of shares are in free float.


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    Re: Mining Industry of Russia

    Post  George1 on Thu Feb 11, 2016 11:07 am

    Super diamond worth $1.5 mln in found in Russia's Yakutia

    More:
    http://tass.ru/en/economy/855945


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    Re: Mining Industry of Russia

    Post  George1 on Sat Feb 20, 2016 2:44 pm

    Russia’s coal export will remain at 2015 level this year — deputy minister

    As was reported earlier in 2015, Russia’s coal production equaled to 373 mln tonnes versus 358.2 mln tonnes in 2014


    More:
    http://tass.ru/en/economy/858126


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    Re: Mining Industry of Russia

    Post  George1 on Thu Mar 17, 2016 9:16 am

    World's major diamond producer posts net profin of $463.92 mln in 2015

    In 2014, Russia's Alrosa reported a net loss of $241.72 mln under IFRS

    MOSCOW, March 17. /TASS/. Net profit of Alrosa, the world's biggest dimond produces, under the International Financial Reporting Standards (IFRS) for 2015 amounted to 32.2 bln rubles ($463.92 mln) against a net loss of 16.8 bln rubles ($241.72 mln) in 2014, the company said Thursday.

    Revenues in 2015 increased by 8% to 224.5 bln rubles ($3.2 bln). Despite the decline in sales volumes in carats by 24% in 2015, the foreign exchange market conditions helped increase the company's financial results, the company’s report said.

    EBITDA increased by 26% to 118.5 bln rubles ($1.7 bln), EBITDA margin increased to 53% compared to 45% a year earlier.

    "After a decline in rough diamond market activity in 2H 2015, we note signs of recovering market demand for the Company’s main products. ALROSA’s strong FY 2015 financial results were supported by both sales favorable FX market environment and the Company’s cost control initiatives," Alrosa CEO Andrey Zharkov said.

    Net debt at the end of 2015 increased by 15% to 202.656 bln rubles ($2.9 bln). The total debt of the company amounts to $3.04 bln, $350 mln (bank loans) is maturing in 2016.

    Capital investment decreased by 5% to 34.24 bln rubles ($496.08 mln) at the expense of investment in increasing production capacities. Investment was reduced due to the commissioning of Botuobinskaya pipe, underground mine Udachny and Severalmaz, the company said.

    Investment in working capital in 2015 increased 7.8-fold up to 34.094 bln rubles ($493.97 mln), mainly due to an increase in reserves of diamonds due to lower activity in the global diamond market. Diamonds resources under this article increased working capital to 27.83 bln rubles ($403.21 mln).

    Alrosa is a group of Russian diamond producers. It mines diamonds on the territory of the Republic of Sakha (Yakutia) and the Arkhangelsk region.

    Alrosa’s largest shareholders are the Russian Federation with 44%, the Republic of Sakha (Yakutia) with 25%, and Yakutian districts with 8%, 23% of the company’s shares are in the free float.

    In early February, Economic Development Minister Alexei Ulyukayev called Alrosa one of the state-owned companies that could be privatized in the first place. The Federal Agency for State Property Management (Rosimushchestvo) also believes that the company is ready for privatization. According to Ulyukayev, a stake in the amount 10.9%-18.9% of company’s shares could ne places, a decision will be worked out with consultants.


    More:
    http://tass.ru/en/economy/863006


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    Re: Mining Industry of Russia

    Post  sepheronx on Wed Apr 06, 2016 3:11 am

    Reviving (trying at least) the tin mining industry

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    Re: Mining Industry of Russia

    Post  George1 on Thu May 12, 2016 1:33 pm

    Putin approves reduction of state share in world's biggest diamond producer to 33%

    The Russian Federation currently owns 44% in Alrosa

    MOSCOW, May 12. /TASS/. Russian President Vladimir Putin signed a decree on making changes in the list of strategic enterprises and joint-stock companies, according to which the share of the state in Alrosa could amount to 33.001%.

    The Russian Federation currently owns 44% in Alrosa, the Republic of Sakha (Yakutia) - 25%, Yakutian districts - 8%. Around 23% of the company’s shares are in the free float.


    More:
    http://tass.ru/en/economy/875221


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    Re: Mining Industry of Russia

    Post  George1 on Tue Jun 21, 2016 11:55 am

    Rusal decides not to close plants with capacity of 200,000 tonnes of aluminum per year

    However, it may happen in case of a decline of aluminum prices below $1,500 per tonne

    MOSCOW, June 20. /TASS/. Rusal will not close two aluminum plants at current metal, the company’s CEO Vladislav Soloviev said on Monday in an interview with TASS.

    However, he did not rule out that in the future, with a decline of aluminum prices below $1,500 per tonne the company could get back to the idea of closing plants with a total capacity of 200,000 tonnes of aluminum per year.

    "We talked about reducing capacity by 200,000 tonnes of aluminum, meaning two plants - Kandalaksha and Novokuznetsk. Year ago, we said that suspension of capacity at the Kandalaksha plant will depend on contract signing with Rosatom, Novokuznetsk - on the general market situation. We signed Kandalaksha contract, the market situation has improved. But this does not mean that the issue is gone completely, we continue monitoring this companies," Soloviev said.

    According to him, if the current price of the metal was below $1,500 per tonne, the company would reduce capacity before the end of the year. However, the current price is at $1,600, the company has a contract with Rosatom and there is no urgent need to close them.

    "If, for example, two months later, the price falls to $1,450, I will say it again - the plants will be at risk. As long as the price is above $1,500, they are working. Thus, we are talking about financial model - in today's financial macro-economic conditions there is no need to shut down the plant. In January, even taking into account the contract with Rosatom, this topic was relevant," he said.

    Dividends tied to market

    According to Soloviev, the company might pay dividends in 2016 with the price of aluminum above $1,600 per tonne.

    "The shareholders will decide on dividend payment in September, as usual, after the results of six months and the preliminary results of the Q3. Everything will depend on the metal price and our cash flow. It is difficult to talk about it now. There is also Q3, if the price in this period will be higher than $1,600, we could pay dividends," he noted.

    Currently the price of the metal on the London Metal Exchange is at $1,602.5 per tonne.

    Last time the company paid dividends last fall. In October 2015, management of Rusal decided to pay interim dividends for 2015 totaling $243 mln (before that the company paid dividends in 2008).

    En+ of Oleg Deripaska, which owns 48.13% of Rusal shares, accounted for about $117 mln in the form of interim dividends. Mikhail Prokhorov Onexim (17.02%) received about $41 mln, SUAL Partners of Viktor Vekselberg and Leonid Blavatnik (15.8%) received $38 mln. Amokenga Holdings company (owned by Glencore and owns 8.75% of Rusal) received $21 mln, Rusal management (around 0.26%) - $600,000. A little over 10% of the company’s shares are in free float.

    Earlier Rusal said it adopted a new dividend policy whereby dividends will be paid at the rate of 15% of EBITDA.

    Rusal to retain debt

    Until the end of the year, the company has no plans to attract debt financing. "We received $700 mln due to refinancing, the rest of the debt we will pay using our own funds .This year we are certainly not planning to attract financing," Soloviev said.

    At the beginning of 2016, Rusal expected to repay and refinance its debt during the year totaling about $1.3 bln.

    The company's net debt as of December 31, 2015, amounted to $8.372 bln.

    Negotiations with RusHydro

    According to Soloviev, Rusal is negotiating with RusHydro on a possible involvement of the generating company in the completion of the Taishet aluminum smelter in the Irkutsk region with the capacity of up to 750,000 tonnes of aluminum per year.

    "We are discussing with RusHydro and ministries a possible participation of the company in the project of Taishet aluminum smelter. We hope that by the end of summer or until the end of July we reach some decision. There are instructions from the President on this subject, we need to perform," he said.

    Construction of Taishet plant aluminum smelter in 2007. In November 2013, Rusal froze construction due to low aluminum prices. As of now, Rusal has invested more than $700 mln of his own funds in the construction of the plant. A search for investors for the further construction of the enterprise is in progress.

    The China factor

    According to the International Aluminium Institute, China has finally started to cut production. In addition, metal production in North America reduced significantly.

    "Now it is clear that China at least does not increase production of aluminum. There is no growth of semi-finished products export from China; we even saw a slight decline. Possibly in August-September ther will be import, China itself might need aluminum. We will hope that China is serious about this, and capacities will not grow anymore, which means that the market will slowly restore. I think that China until the end of the year will be in balance, maybe in slight deficit that may result in short-term import," he said.

    Speaking about the current pricing environment, Soloviev said that the company currently receives the premium from sale of their products and expects further growth.

    "Premiums are on the same level as at the end of last year. Europe - $75 per tonne, Asia - $85 per tonne. I think that now Asia will grow to $100 per tonne, America will have $7.5-8 per tonne. I believe they have reached a more or less stable level - the bottom, almost. Before the end of the year we should see this level shifting by 15-20% up," Soloviev said.

    Aluminum Association holds the market

    A year ago, the idea of ··creating the Aluminum Association has just been discussed, and at the end of 2015 the association has been created.

    "This year we saw growth of consumption of our aluminum in Russia. It is not very significant, but it exists, and this is very important, because in 2014 we saw a drop. I think that by 2020 we will get a result similar to what we have stated - 2 mln tonnes per year - instead of 850,000 tonnes now," Soloviev said.

    According to him, this year the company's sales in the Russian aluminum market will grow by 3-5%.

    "Without the work of the Aluminum Association it be negative, there is a general contraction of the market by 30%, or about 300,000 tonnes. In 2016 we will lose additional 150,000-200,000 tonnes of aluminum. The total volume of the domestic market is 1.4 mln tonnes, including around 850,000 tonnes of our metal. This year our production will remain at the level of 3.6 mln tonnes," Soloviev added.


    More:
    http://tass.ru/en/economy/883545


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    Re: Mining Industry of Russia

    Post  George1 on Fri Aug 26, 2016 12:53 pm

    Russia keeps coal production outlook for 2016 at 390 mln tonnes

    Coal production in the Kemerovo Region in 2016 is expected at 220 mln tonnes

    KEMEROVO, August 26. /TASS/. Russia’s Energy Ministry is keeping its 2016 coal production outlook at 390 mln tonnes (4% increase), Minister Anatoly Yanovsky said Friday.

    "We expect production at around 390 mln tonnes of coal versus 373 (mln tonnes - TASS) last year," he said.

    According to Yanovsky, the Energy Ministry wants to retain the coal export dynamics in 2016.

    "In Russia we have an average of 6% (per six months - TASS)," he said.

    According to Aman Tuleev, the governor of the Kemerovo Region, coal production in the region may reach 220 mln tonnes this year, up 2% compared with 2015.

    "Coal production will increase compared with last year to around 220 mln tonnes," he said.

    Western Siberia's Kemerovo Region with Kuzbass Basin is the leading coal mining area in Russia, where 59% of total Russian coal is mined. According to Tuleev, last year coal-producing enterprises in Kuzbass produced a record of 215.8 mln tonnes of coal.

    As was reported earlier Russia’s coal export may increase by 6% this year to 165 mln tonnes compared with 2015 (156 mln tonnes).


    More:
    http://tass.com/economy/896060


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    Russia to increase annual gold production to 400 tonnes by 2030

    Post  Austin on Sun Aug 28, 2016 4:13 pm

    Russia to increase annual gold production to 400 tonnes by 2030

    It is planned that the increase of gold production in Russia will mostly take place through the development of local gold ore fields. In contrast to this, the production of gold at alluvial fields will steadily decline during the next several years, and could be completely stopped by 2050. At present the share of alluvial deposits in the overall structure of gold production in Russia is estimated at about 20%.

    According to data of Rosgeologia, (Russia’s state-owned holding in the field of geology), Russia’s overall gold reserves are estimated at 40,000 tonnes, which means that the country will remain one of the world’s leading gold producers till at least 2030.


    Still, despite the existing large reserves, the quality of ores of the majority of Russian ore gold fields is significantly lower, than those in other leading gold nations.

    This will require the use of the new, modern production technologies. However, due to existing Western sanctions, Russia currently experiences a shortage of such technologies, as, prior to sanctions war, the majority of them were imported to the country from abroad.

    George1
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    Re: Mining Industry of Russia

    Post  George1 on Thu Oct 06, 2016 9:44 pm

    Alrosa raw diamonds sales total $435.1 million in September

    More:
    http://tass.com/economy/904564


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    George1
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    Re: Mining Industry of Russia

    Post  George1 on Thu Dec 01, 2016 8:35 am

    Alrosa plans to increase diamond mining by 5% to 38.85 mln carats in 2017

    More:
    http://tass.com/economy/915749


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