Rostekh

Rostech favourite for Sukhoi Log

"Rostech" builds models of the field development.
"Rostech" can raise funds from VEB for the development of Russia's largest gold deposit Sukhoi Log, if it wins the auction for it - a subsidiary institution of the state corporation "Giprotsvetmet" laid down in terms of the development of the financial model of the project "compliance with VEB conditions". Currently there are no substantive negotiations, but other banks, according to experts, are unlikely to be interested in the project because of the long payback period and high risks.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

"Rostech" sells Novosibirsk plant "Sibselmash" for 65.1 million roubles.

State Corporation "Rostech" sold 100 per cent stake in its non-core asset in Novosibirsk - "Instrumental plant "Sibselmash". The buyer was the Novosibirsk individual entrepreneur Aleksandr Vasilyev, "PT Building Technology", which sells assets of "Rostech" told Tass.
"The starting price of trades was 81.3 million roubles. The buyer was a private entrepreneur Aleksandr Vasilyev at a cost of 65.1 million roubles", - the source informs.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Gazprom and Rostech plan joint production of gas pumps instead of the Ukrainian in Bashkiria.

Gazprom and the State Corporation Rostech will sign an agreement with the Government of Bashkiria on the joint venture.
On October 21, 2015 the Vice-Premier of the republic stated that it was an agreement on joint production of the pumping gas units for the needs of Gazprom on the basis of the AL-31ST engine produced by Ufa Engine Industrial Association.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Rostekh tries to get help for gas from the President for rare earth metals

As the Kommersant has got to know, joint venture of Rostekh and the ICT Group of Alexander Nesis on development of the Tomtorskoe rare earth metals deposit in Yakutia has faced difficulties with the energy supply. Rostekh wants to create generation there and to use gas of the Pronchischevskoye field for this, but this site is located in a protected natural area. Local authorities are willing to change the status of the reserve, but as the Ministry of Environment, as well as the habitants oppose this. As a result, head of Rostekh Sergei Chemezov asked for support of President Vladimir Putin.
The head of Rostekh, Sergei Chemezov has asked Vladimir Putin to give instructions to hold a competition for the extraction mining licenses for the Pronchischevskaya oil and gas area in Yakutia before the end of the year. This is stated in a letter of Mr. Chemezov dated July 25th. The Rostekh’s head explained that the joint venture of the state corporation and ICT Group of Alexander Nesis Triark Mining would develop the Tomtorskoe rare earth metals deposit in Yakutia (investment will be about $1 billion), and taking into account "the severe climate conditions and geographical remoteness" the projects need an independent power supply. According to Sergei Chemezov, back in February, the President of the republic Egor Borisov asked the head of the Ministry of Environment Sergey Donskoy to include the Pronchischevsky site in the list of projects for geological exploration

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Cost of coal port Vera in the Far East may be $1 billion

The cost of the construction of the coal port Vera in the Far East to the investors will be around $1 billion, Rostekh - Global Resources’s general directors, Andrei Korobov said in an interview with the IATR-TASS. Rostekh, being initiator of the project and key partner, counts on the financial support from the state, including through the National Welfare Fund (NWF).
"The cost of the port, including all works related to the construction of moorings and port railways, is estimated at $1 billion; approximately half of the funds is required for the construction of roads and railways. We have technical specifications of Russian Railways for 20 million tons (planned capacity of the port), and these technical specifications are within the development of the railways, both in the region and along the entire length of the Baikal-Amur Mainline and Trans-Siberian Railway. We fit in the total picture of freight flows,"- said Korobov.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Rostech can win tender for oil refinery construction in Uganda costing $3 billion

The Russian Rostech and the Korean SK Energy have entered the final stages of the tender for an oil refinery construction in Uganda, Rostech subsidiary RT – Global Resources reports. Earlier the Government of Uganda approved the short list including the consortiums headed by the Chinese China Petroleum Pipeline Bureau, the British Petrofac, the Swiss and Dutch Vitol and the Japanese Marubeni, besides from Rostech and SK Energy. They entered the final stage only 2 consortiums including the Russian RT – Global Resources, Tatneft and VTB Capital. Uganda’s oil is high-paraffin crude that will need special configuration of the oil refinery and the need for the heating of the pipeline to 60* when exporting the products to the neighboring regions. Tatneft possesses such technical capabilities and that enabled company to access to the final stage. They will discuss at the final stage the concrete details of construction and operation of the oil refinery that will chose the winner.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Construction of coal port Vera to require $1 billion of investments

Rostekh-Global Resources’s CEO, Andrei Korobov has stated that the construction of the coal port of Vera will require about $1 billion of investments.
Rostekh hopes that the project will be supported by the state, including through the National Welfare Fund. Andrei Korobov said that the project was estimated at $1 billion, and about a half of these funds would be spent on the construction of the transport infrastructure. He noted that the the port’s capacity will be 20 million tons. The Rostekh’s CEO reported that a part of the funds will be allocated by state agencies within federal target programs, investment projects and development funds.
In December of 2013, Rostekh announced its intention to build a coal port in the Far East. Then the Russian state-owned company, Rosmorport and Korean Kowepo signed a corresponding agreement. Chinese Shenhua also showed its interest in the project. Andrei Korobov told that the land for the construction had been already rented. The port project is designed by Rosengineering. Currently, the preparation of design and estimate documentation takes place.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Rostekh may decrease its stake in coal joint venture with Chinese company to 25%

In case of positive market conditions and the successful economics of the development project of the Ogodzhinskoye coal deposit in the Amur region of Russia, the Rostekh corporation can reduce its stake in the joint venture with Chinese company Shenhua to 25%, general director of RT-global resources, which represents Rostekh in the joint venture with the Chinese reported.
"At the same time, state control over the project implementation can be held in different ways within Russian legislation," - Andrey Kolobov emphasized.
Let’s recall that in mid-June of this year, RT global resources with Shenhua signed a Memorandum of Cooperation on the development of the largest coal deposit in the Amur region. The total reserves of the Gerbikano-Ogodzhinsky coal-bearing area is estimated at 1.6 billion tons of thermal coal, and the approximate amount of investments at $5 billion.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Rostech and Shenhua will develop Siberia and Far East

RT – Global Resources, a member of Rostech Corporation and Shenhua Overseas, a subsidiary of Shenhua analyze the possible joint development of coal deposits in Siberia and Far East, and the development of the accompanying industrial and logistic infrastructure. The sides will jointly develop the Ogoja coal deposit in the Amur region and will build a coastal coal terminal in the Primorye region ‘The Vera Port’. On June 4th, RT – Global Resources closed the transaction on entry to the project of the construction of the port. It will act as the lead coordinator of the project. They closed the memorandum in Beijing on June 17. The document was signed by the CEO of RT – Global Resources A. Korobov and by the authorized Chairman of the Board of Directors of Shenhua Overseas, Shao Junjie.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Rostech and VEB eager to produce platinum in Zimbabwe

The consortium of Vi Holding, Rostech state corporation and VEB completes the transaction for entrance to the Darwendale platinum mine development in Zimbabwe. Actually, they are going to purchase for $300 million 40% in the Russian and Zimbabwe joint venture Ruschrome Mining holding the license for its development.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer