Russia Metals and Mining

Coal companies are sent to the east – increase in the industry is connected with export to countries of the Asia-Pacific region

The Ministry of Energy expects increase of supply of Russian coal to the countries of the Asia-Pacific region by two times by 2030; it may grow to 120 million tons per year due to new projects and a redirection of export flows. Partly it is a necessary measure: coal loses gas in the Russian energy market, and it has to compete with cheap coal from the United States in Europe. But coal miners will have to contend with competitors from Australia and Indonesia in the countries of the Asia-Pacific region too.
The Ministry of Energy has adjusted a long-term program of the Russian coal industry development through until 2030 (approved in January of 2012). According to the presentation of the Ministry dated on March 5, the adjustment was associated with "more ambitious" moving the center of the coal production from Western Siberia (Kuzbass) to the Far East and Eastern Siberia, last year approved by preferential tax regime for investment projects in these regions, as well as by the decision to allocate budget funds and funds of the National Welfare Fund for the extension of the Trans-Siberian railway and the Baikal-Amur Mainline.

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The RF Metallurgical enterprises predict a further rise in rolled steel prices.

The leading metallurgical enterprises of Russia continue to raise the rolled steel prices for the domestic market, if the rouble continues to fall, "the Vedomosti" writes referring to the Cherepovets metallurgical complex representatives.

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Russian Gold Producer’s Union predicts the rise in gold prices.

Russian Gold Producer’s Union predicts the rise in gold prices within the next six months to $ 1300-1400 per ounce, Sergei Kashuba, the branch union chairman, reported to ITAR-TASS. "According to our forecast, we have raised the upper limit to $ 1,450, and in the medium terms,...

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Board of Novolipetsk Steel recommends electing O.Bragin to position of management’s Chairman

On March 5, Novolipetsk Steel’s Board of Directors approved candidates to position of Chairman of the plant’s management, to the Board and to Revision commission for voting at the annual meeting of shareholders, the company reports.
Oleg Bragin was recommended to the position of the management’s Chairman.

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Rosgeologiya discovers signs of gold mineralization in the Dzhidinsky region of Buryatia.

JSC "Buryatgeotsentr" (Ulan - Ude, is a part of a diversified "Rosgeologiya" holding) finishes the cameral contract work on geochemical prospecting for gold within Verhnedzhidinsk ore cluster in the Republic of Buryatia.
In April 2013 the company received an operational contract, and immediately started field work at the site. 

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Norilsk Nickel to continue development of Taimyr

One of the current goals of Norilsk Nickel is to double geological exploration on the Taimyr Peninsula on account of the company’s budget. It is proposed to call the peninsula the territory of advanced development. This information was confirmed by deputy general director of Norilsk Nickel Andrei Bugrov at the Krasnoyarsk Economic Forum.

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Gold Mining in Russia: Perspectives of consolidation in the sector of precious metals mining

The perspectives of consolidation in the sector of precious metals mining and other problems of the industry’s junior companies were discussed at the Russian & CIS Precious Metals Summit 2014 in Moscow on February 11th-13th.
According to Citi, the main prerequisites of the process re complicated conditions in the sector, which force the companies to merge, as well as significant potential synergy due to division of infrastructure costs.
In addition, the decrease in gold prices force the projects owners to reduce the expectations of their business assessments that makes the negotiations much easier.
According to Citi, there are 26 companies at the junior stage or working at a single deposit in Russia and the CIS states. They are the potential participants of the process. The current market conditions is a direct threat to the activity of geological exploration companies, which don’t have projects at the production stage because of limited possibilities of the attraction of capital , but as for investors – this is good opportunity for them to receive good assets at relatively low price.

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In 2014, Polyus Zoloto to maintain gold production at the level of 51 tons

In 2014, Polyus Gold, the largest Russian gold producer, plans to maintain the gold production at the level of 2013 in the volume of 51 tons and expects to optimize costs, Polyus Gold’s general director Fedor Kirsanov reported to the ITAR-TASS. “We plan to maintain industrial rates at the level of 2013 – 51 tons. We don’t expect any reduction. Financial performances will be different, of course. Prices will have an impact on them; we started our work on the  optimization of expences and expect to have significant economies. I wouldn’t like to talk about concrete figures: there are standard procedures, when we show them to the market, but now it’s possible only to speculate about them. But I can assure that from the point of view of financial stability, the company is good,” – the Polyus’ director noted.

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Costs of creation of mining and metallurgical cluster in the Trans-Baikal region to exceed 100 billion rubles

The investments into the tion of a mining and metallurgical cluster in the Trans-Baikal region may be over 100 billion rubles,the Plenipotentiary of the Russian President in the Siberia Federal District Viktor Tolokonsky stated in Novosibirsk on Wednesday.
“There are preliminary assessments of the investments. A great amount in these assessments is built in for metallurgical plant, the investor the investor which hasn’t been determined yet. Some money is needed to reconstruct a heat power plant to receive additional energy capacities. The expert assessment is 100 billion,” – Tolokonsky said.
He added that federal departments, regional authorities and private investors will discuss the project in Chita on March, 13th.

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ChZPSN Group integrates Module Ukraine plant to its structure

Despite the hard economic conditions, Russian companies continue their active development and high investment to the upgrading of their equipment, the introduction of modern products and the purchase of the new assets. A shining example of the intensive activity is ChZPSN Group that includes Chelyabinsk plant of profiled steel deck, The Chelyabinsk Promstroyproject institution, the metal constructions plant and the general contractor organization ChZPSN Story.
ChZPSN Group has started the integration of Module Ukraine plant to its structure. The plant is the Ukrainian second largest enterprise by its installed capacity for galvanized flat sections production, 200,000 tons a year, and most of that was launched in 2002 – 2009. The enterprise makes cold and hot rolled galvanized steel, and steel rolls with polymer cover at FATA in an uninterrupted coloring line with annual capacity of 60,000 tons. They also make galvanized steel with thickness of 0.3-1.2 mm with width of up to 1,250 mm. The weight of galvanized cover is 80-200 g per sq. m from 2 sides. Polymer cover is laid to the strip with thickness of 0.3-1.2 mm and width of 900-1,400 mm, and thickness of cover from outer face is 27 mcm.

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