Japan Metals and Mining

Fitch: Japanese earthquake to have limited effect on URENCO and Kazatomprom

In the short and mid-term perspectives of the accident at Fukushima-1 after the earthquake in Japan will evidently have a restricted impact on the producers of nuclear fuel such as URENCO Limited (further referred to as URENCO, “A/ forecast stable”) and the National Atomic Company Kazatomprom (Kazatomprom, “BBB/forecast stable”).

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$1.5 bln to be invested in development of Tavan-Tolgoi

The investment in the development of the coal deposit Tavan-Tolgoi in Mongolia might equal to about $1.5 bln, the President of RZD, V. Yakunin said, Vedomosti reports.
According to him, this amount concerns the offer of the monopoly on the condition of the joint development of the site.
The application for participation in the auction is submitted but there might be some changes in the project, Mr. Yakunin said.
On February 1st, 2011 Mongolia started the pre-qualification selection of the applications on development of the coal deposit Tavan-Tolgoi. Read more »

SUEK opened a representative office in Japan

The representative office of the Siberian coal energy company (OAO “SUEK”) in Japan has started  work. Y.Mizuma heads it up. He has  experience in coal industry. He worked with the company BMA (BHP Billiton and Mitsubishi alliance), the world leader in coking coal production.

New possibilities for  sales are opened with the development of the Vaninsky bulk terminal. We are interested to work with consumers from Japan,” the chief financial officer of OAO “SUEK” I.Gribanovsky asserted. Read more »

Mongolia discuss coking coal export plans to Japan via the Transsib-DVZhD

Analysts of the Mongolian Energy Resources LLC and Japan Sumitomo Corporation are studing the possibility of coking coal export from Mongolia to Japan via the Trans-Siberian Railway with transshipment in the ports of the Primorye Territory, the leading specialist of the corporate communications department of the Far-Eastern Railway (DVZhD) A.Artamonov said. Read more »

Japan asks the Russian Government to support its companies eager to participate in Elga and Sakhalin-3

The Minister of External Affairs of Japan Seiji Maehara has appealed to the Russian Government with a request to support the Japanese companies eager to participate in the Elga and Sakhalin-3 projects. He reported that at the ninth session of the Russian and Japanese intergovernmental commission for trade and economical affairs where he acts as co-chairman. In April 2010 the Japanese Government reported about its interest in Sakhalin-3, the Elga coal deposit and in the construction of port infrastructure, coal and corn terminals in the Russian East. Read more »

Japan is about to invest into “rare earths” of Uzbekistan

 Japan plans to invest into the economy of Uzbekistan and maps out to purchase uranium and rare metals in the country. This is the basic content of a memorandum of bilateral economic cooperation, signed by the Minister of Economic Affairs, Trade and Industry of Japan, Banri Kaieda and the Minister of Foreign Economic Relations, Investments and Trade of Uzbekistan, G.Saidova in Tokyo today. Read more »

Japan to produce rare earth metals in Kazakhstan

The Japanese electric technical concern Toshiba has invented a technology for the extraction of rare earth elements out of uranium that will be tested in Kazakhstan for the first time, Nikkei reports. Read more »

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