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    Metals & Mining Industry in Russia

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    Vladimir79

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    Metals & Mining Industry in Russia

    Post  Vladimir79 on Fri Nov 20, 2009 6:55 am

    Severstal posts strong Q3, outlook improved
    MOSCOW, Nov 19 (Reuters) - Severstal, Russia's largest steelmaker, posted a surprise third-quarter net profit thanks to a strong performance at its domestic mills and said it was increasingly optimistic about the future.

    "Greater stability in our primary markets has made us more optimistic on the prospects for the remainder of 2009 and 2010," Chief Executive Alexei Mordashov said in a statement on Thursday.

    "While a Q4 seasonal correction cannot be ruled out, we believe further measured recovery in 2010 is now more likely."

    Severstal made a third-quarter net profit of $66 million, versus the $131 million net loss forecast in a Reuters poll and after a $1.31 billion profit a year ago.

    A construction-led upturn in Russia, where recession hit late last year, was offset by continued losses in the United States, where they narrowed sharply from the previous quarter, and in Italy.
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    TR1

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    Metals & Mining Industry in Russia

    Post  TR1 on Mon Sep 17, 2012 11:17 pm

    http://www.csmonitor.com/World/Global-News/2012/0917/Russia-reveals-shiny-state-secret-It-s-awash-in-diamonds

    Can't be bad for the economy right Smile ?
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    flamming_python

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    Re: Metals & Mining Industry in Russia

    Post  flamming_python on Mon Sep 17, 2012 11:26 pm

    This could be it TR1, the big break we've been waiting for. Now we just need to get to da choppa!! and get to the crater first and we'll have diamonds, diamonds beyond our wildest dreams!!! And it's all mi... I mean ours, it's all ours... yes...
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    Zivo

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    Re: Metals & Mining Industry in Russia

    Post  Zivo on Tue Sep 18, 2012 12:24 pm

    How was this kept a secret during the 90's?

    ricky123

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    Re: Metals & Mining Industry in Russia

    Post  ricky123 on Tue Sep 18, 2012 8:56 pm

    it was discovered in the 70s . but it cant be used for jewels ,, but still a good boomer for economy
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    GarryB

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    Re: Metals & Mining Industry in Russia

    Post  GarryB on Wed Sep 19, 2012 4:41 am

    Actually I remember reading about a speculation that the Russians had rather more diamonds than they had let on in the late 1980s.

    There was talk of their being large amounts available but not being exploited to avoid making the market price (which is very strictly controlled) of diamonds to collapse.

    There was no mention of craters however... this is a very exciting find... just from a research point of view... was the object that impacted made of diamond material... I find it hard to believe they were created in the impact as from my limited knowledge about diamonds they are created from carbon over very long periods under great pressure.

    Good news for industry.
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    flamming_python

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    Re: Metals & Mining Industry in Russia

    Post  flamming_python on Wed Sep 19, 2012 7:28 am

    GarryB wrote:Actually I remember reading about a speculation that the Russians had rather more diamonds than they had let on in the late 1980s.

    There was talk of their being large amounts available but not being exploited to avoid making the market price (which is very strictly controlled) of diamonds to collapse.

    There was no mention of craters however... this is a very exciting find... just from a research point of view... was the object that impacted made of diamond material... I find it hard to believe they were created in the impact as from my limited knowledge about diamonds they are created from carbon over very long periods under great pressure.

    Good news for industry.

    You'd be amazed what a little extreme heat and pressure can do GarryB. I mean if they can make diamonds in the laboratory within relatively short amounts of time, I'm sure an asteroid would be able to do the trick too.
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    flamming_python

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    Re: Metals & Mining Industry in Russia

    Post  flamming_python on Wed Sep 19, 2012 7:40 am

    Zivo wrote:How was this kept a secret during the 90's?

    Short answer - it wasn't. Here is a paper from the international expedition that went to that crater in 1997: http://geology.gsapubs.org/content/25/11/967.short

    Of course, the Russians knew about it even earlier.
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    Viktor

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    Re: Metals & Mining Industry in Russia

    Post  Viktor on Wed Sep 19, 2012 3:19 pm

    Diamonds (natural or man made) are hardest materials you can find, so they have important application in industry but as well as jewelry.

    If I understand this correctly the ones found in syberia where 10 times hardness than others. Russia will probably make big money of it.
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    GarryB

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    Re: Metals & Mining Industry in Russia

    Post  GarryB on Thu Sep 20, 2012 6:44 am

    Next Bond Movie... "Diamonds are forever 2"

    Smile

    BTW you are quite right FlammingPython... There would be plenty of energy in an asteroid impact... perhaps if the asteroid had not hit there there would be oil and coal, but a large asteroid impact turned it to diamond...

    Imagine in 200 years where unscrupulous corporations start dragging asteroids out of the asteroid belt to ram them into planets to create mineral fields this way...

    DeBeers shares perhaps dropped a little recently???
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    flamming_python

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    Re: Metals & Mining Industry in Russia

    Post  flamming_python on Thu Sep 20, 2012 7:47 pm

    GarryB wrote:Next Bond Movie... "Diamonds are forever 2"

    Smile

    BTW you are quite right FlammingPython... There would be plenty of energy in an asteroid impact... perhaps if the asteroid had not hit there there would be oil and coal, but a large asteroid impact turned it to diamond...

    Imagine in 200 years where unscrupulous corporations start dragging asteroids out of the asteroid belt to ram them into planets to create mineral fields this way...

    An interesting idea but only if the asteroids were already in orbit or on a very close fly-by and only need a little nudge. Otherwise you'd probably just spend more energy dragging them into position than it would take to create such a quantity of minerals completely artificially.

    DeBeers shares perhaps dropped a little recently???

    Wouldn't bet on it - they deal with jewelry-grade diamonds from what I hear. These ones though are pure industrial.

    Austin

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    Re: Metals & Mining Industry in Russia

    Post  Austin on Sun Sep 23, 2012 7:44 pm

    Why cant they use this diamond for jewelery ?

    Coming close this discovery is the Shale Oil found at Bazhenov pretty big taking Russian reserves close to Saudi cant be bad for the economy.

    Well guess what else the asteriod impact did in Siberia ..dig deeper and you will find Alien civilisation , UFO , Wizard Laughing
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    GarryB

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    Re: Metals & Mining Industry in Russia

    Post  GarryB on Sun Sep 23, 2012 11:43 pm

    An interesting idea but only if the asteroids were already in orbit or on a very close fly-by and only need a little nudge. Otherwise you'd probably just spend more energy dragging them into position than it would take to create such a quantity of minerals completely artificially.

    Sorry... I was too subtle... the emphasis was on unscrupulous, because the payoff wouldn't be a crater filled with industrial grade diamonds, it would be a crater where your biggest rival company used to be... Smile

    Why cant they use this diamond for jewelery ?

    Different quality diamonds are used for different things... the flawless diamonds... which are actually chunks of diamond with significant distances between the flaws that allow a skilled jeweller to cut the diamond so that the flawed area is removed and you end up with an optically perfect diamond for jewellery.

    Industrial diamonds are full of flaws, but flaws only matter for people who want pretty diamonds. For industrial use if you are making something out of a hard material like tungsten then obviously steel tools will make no impression on them. Using diamond based abrasive material means you can shape and create sharp edges on very hard materials. This is important when making machine tools that will be cutting steel or whatever... if they are made out of steel themselves they wont last very long or do a good job. Make them out of Tungsten carbide and they will last much longer and also do a much better job. You need diamond coated tools to make tungsten carbide tools... the diamond is usually in powdered form so the flaws in it don't matter.

    Well guess what else the asteriod impact did in Siberia ..dig deeper and you will find Alien civilisation , UFO , Wizard

    The 1908 Tunguska event is believed to have cause extensive damage, but no crater was found, so it was believed to exploded in the atmosphere. If it had hit the ground the damage would have been devastating, but the crater would have been fascinating too.

    If it had hit the ground it might have caused a drop in temperatures for a few years like a mini ice age...
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    dino00

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    Mining industry of Russia:

    Post  dino00 on Tue Feb 19, 2013 1:18 pm

    Russian geologists have discovered a large gold ore deposit in Yakutia.

    According to experts, the deposit’s reserves amount to about 200 tons.

    Geologists bumped into gold-rich Mount Rudnaya while they were prospecting for gold in the area.

    Mount Rudnaya was last estimated for gold reserves in the early 2000s.

    Experts knew that it was worth looking at after they assessed the content of gold and ore parameters.

    The deposit will be put up for auction in three years.

    Yakutia’s gold output amounted to 21.2 tons last year.

    http://english.ruvr.ru/2013_02_19/Geologists-discovered-large-gold-ore-deposit-in-Yakutia/

    Austin

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    Re: Metals & Mining Industry in Russia

    Post  Austin on Sat Jan 18, 2014 3:43 pm

    Is this true ?

    Russia has secret diamond reserves worth one quadrillion dollars

    How much is one quadrillion USD worth ?
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    Viktor

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    Re: Metals & Mining Industry in Russia

    Post  Viktor on Sat Jan 18, 2014 5:12 pm

    Austin wrote:Is this true ?

    Russia has secret diamond reserves worth one quadrillion dollars

    How much is one quadrillion USD worth ?

    The story about the diamonds is true and has been discussed here before.

    Anyway 1 quadrilion $ = 1 million billion $  Very Happy Very Happy  or 1 000 000 000 000 000 $  Very Happy Very Happy 

    Austin

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    Re: Metals & Mining Industry in Russia

    Post  Austin on Sat Jan 18, 2014 6:03 pm

    Ah Thanks , so now US has to print more USD just about quadrillion  Razz
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    medo

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    Re: Metals & Mining Industry in Russia

    Post  medo on Sat Jan 18, 2014 9:59 pm

    So Russia have enough of the best quality diamonds to buy the whole World and to pay all debts of the World. They should make their Ruble based on diamonds and will be the strongest currency. Russian central bank say they have more than 1000 tons of gold. I wonder how much diamonds they have, for which they don't tell?

    It seems an asteroid made a whole coal location in diamonds.
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    TR1

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    Re: Metals & Mining Industry in Russia

    Post  TR1 on Sat Jan 18, 2014 10:10 pm

    Not quite that simple guys.

    It is a nice reserve, but for immediate and medium term future it means pretty little for Russia's economy.
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    sepheronx

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    Is this true ?

    Post  sepheronx on Sun Jan 19, 2014 1:16 am

    TR1 wrote:Not quite that simple guys.

    It is a nice reserve, but for immediate and medium term future it means pretty little for Russia's economy.

    Exactly. The diamond imdustry is controlled by few groups. One being De Beers and the other Alrus (I think thats the name) from S.Africa and Russia. Diamonds, in their quantity, are pretty cheap. But due to these groups, they make it expensive.

    The jewelery business in Russia should boom (meaning less control over it) and then you will see much more personal wealth grow, as well hese industries.

    There needs to be something else.

    Austin

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    Re: Metals & Mining Industry in Russia

    Post  Austin on Sun Feb 16, 2014 5:38 am

    According to the Russian Ministry of Natural Resources, the country has the second largest gold reserves in the world at 12,500 tonnes (over 400 million ounces).  Shocked 

    From Russia With Gold

    Austin

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    Re: Metals & Mining Industry in Russia

    Post  Austin on Sun Feb 16, 2014 5:39 am

    So Russia ranks no 1 in Oil and Gas reserves , No-2 in Gold , No-3 in Coal .........what other key reserves it hold in huge numbers ?
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    TR1

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    Re: Metals & Mining Industry in Russia

    Post  TR1 on Sun Feb 16, 2014 6:05 am

    Austin wrote:So Russia ranks no 1 in Oil and Gas reserves , No-2 in Gold , No-3 in Coal .........what other key reserves it hold in huge numbers ?

    Diamonds, but they are not terribly useful at the moment. Just a good "reserve" for the long term.
    Timber, huge reserves.

    Oh and, land Wink .

    Austin

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    Natural resources

    Post  Austin on Sun Feb 16, 2014 6:21 am

    Also largest reserves of Diamond

    Diamond Mining in Russi

    mutantsushi

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    Rostec has won the auction for the development of Tomtor

    Post  mutantsushi on Tue Jun 03, 2014 2:06 am

    http://rostec.ru/en/news/4513545
    Rostec has won the auction for the development of Tomtor
    The joint venture of the State Corporation and the EAST Group will be devoted to extract rare earth metals

    The joint company of the State Corporation Rostec and the EAST Group, Triarkmining, has won an auction for the right to use the subsoil of the Tomtor mine for exploration and extraction of minerals of niobium, rare earths, scandium and its components associated metals. To 2017, Rostec intends to ensure the need for the Russian industry in rare earth metals.

    “In terms of market fluctuations and changes in the political environment, the technological independence and independence of resources of the Russian industry of rare earth metals is one of our top priorities. By 2020, we must not only fully meet our growing needs, but we must also start to export this important strategic raw material,” said the head of Rostec.

    ...the exploration works are planned to finish within a year and half to five years, and the construction of the infrastructure, within eight years. The mining and processing complex should begin to work at full capacity in ten years. ...Rostec is the main consumer of rare earth metals in Russia, and the holdings, which need them most, are Navigator and Shvabe. This will create a complete cycle of production of rare earth metals in Russia, from the extraction of raw materials to the manufacture of final products, which will allow controlling the entire price.
    ^This is in Yakutia. Sounds like a good business to get into, both for sovereignty and general business prospects. It's not all about what is dug out of the ground on Russian soil, so interesting to see if Rostec will be involved in developing rare earths in other countries as well.

    Of course, in contrast to NATO hysterics about China cornering the market and restricting exports, Russia is actually doing something to be self sufficient and make money exporting the stuff. Which is funny, because NATO hysterics about malevolent Chinese intent aside, the stated Chinese goal of export restrictions was in fact to PROMOTE development of other global rare earth sources, a logical goal if China doesn't want to deplete it's own resources by being the sole supplier for the current time, and then be dependent on foreign sources when it's local reserves have run out.

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