Russia Metals and Mining

Russian pipe industry is a technological leader

I.Pyshmintsev, general director of the Russian Research Institute of the Tube & Pipe Industries, noted at the 4th All-Russian Conference "Steel Pipes: Production and Regional Sales", which takes place in Chelyabinsk today that currently the Russian pipe industry is a technology leader.
New technologies determine the need for fundamental renewal of the national regulatory framework for technical regulation, including in the context of standards for pipe products.
At the same time, in the past five years the technical committee TC 357 developed 27 standards (GOST ISO 3183, GOST R 53366, GOST R 53365, GOST R 55442, etc.).

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Chinese and Russian companies to develop the coal deposit in Transbaikal.

The Russian industrial En + Group and China's largest coal company Shenhua signed an agreement on the new stage of cooperation to develop Zashulansk coal deposit in Transbaikal. The production at the field is expected to begin in 2018, and to reach its full capacity by 2021.
"The document was signed by Maxim Sokov, the Director General of En + Group, and Zhang Yuychzhuo, the Chairman of the Shenhua Board, in the presence of the Russian President, Vladimir Putin and the President of China, Xi Jinping", - the En + website states.
Within the next two years JV of En + and Shenhua will hold the necessary exploration and approve the reserves at the field, as well as prepare all the project documentation. According to preliminary estimates, the investment in the project will exceed 30 billion roubles.

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Airbus considers replacement of Russian titanium

One of the world’s largest aircraft building companies Airbus is scared of facing problems with the raw material from Russia because of the crisis in the Ukraine, a spokesman for the company, G. Butshek said.
“We depend on the titanium from our Russian suppliers,” he said. According to G.Butshek, there appeared no restrictions so far. Meanwhile, there has been created a special working group, which holds negotiations with a number of potential suppliers worldwide in order to replace Russian titanium if it becomes necessary.

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Norilsk Nickel announces about the sales of its stand-by plants for nickel production Avalon and Cawse in Australia

Norilsk Nickel announces about the closure of the final agreement for the sale of its stand-by plants for nickel production Avalon and Cawse in Australia via its Australian subsidiaries Norilsk Nickel Avalon Pty Ltd and Norilsk Nickel Cawse Pty Ltd. The buyer is Wingstar Investments Pty Ltd, the investment company specializing in minerals and possessing the leased capacities for minerals extraction and exploration in Western Australia.

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Russian Statistics Service calculates April volumes of production in metallurgy

In January- April of 2014, Russian metallurgical enterprises produced 19.7 million tons of rolled ferrous metals and 3.2 million tons of steel pipes. The annual production ratio was 100% and 100.4%, respectively.

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Norilsk Nickel plans to extend Monchegorsk site at Kola mining and metallurgical company

Eight months after Norilsk Nickel focused on its "first-class assets" (which give the company more than $1 billion of proceeds per year, with an EBITDA margin above 40 % and reserves for over 20 years), the company decided to specify its strategy and tell about it to its investors in London.
At the end of 2013, Norilsk Nickel acknowledged that the list of the company’s first-class assets includes only the Zapolyarny subsidiary, but now the Chita project (the Bystrinsky GOK) was also included into the list. This was told by the first deputy general director of Norilsk Nickel, Pavel Fedorov.
According to him, the company will invest $1 billion into the development of the Bystrinsky GOK in the next three years. At the same time Norilsk Nickel isn’t going to develop the Bugdainsky GOK, also located in Chita: current molybdenum prices don’t justify the investments into this complex.

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Mechel is going to sell Donetsk electric metal works before July 31 2014

Mechel is going to sell the Donetsk electric metal works (DEMZ) before July 31st, 2014 in accordance with the offer received before from the third party, not making public the name of the buyer. The group received the offer from the third party for the sale of DEMZ FOR $80 million on December 7th 2013. The sum of $20 million should be transferred on the sales day, and the balance of $60 million should be paid within 2 years from the finalisation date. The buyer compensates to the seller operational expenses made since January 1 2014.
The transaction on sales and purchase of 100% in DEMZ presupposes granting of the permits by the antimonopoly authorities. It should be closed before July 31 2014.

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The Russian Subsoil Use Management Agency will transfer a part of authority in the subsoil use sphere to the Yugra Government

The transferring of a part of the authority in the subsoil use sphere to the Yugra Government will improve the management over the state fund, the Minister of Natural Resources and Ecology, S. Donskoy says. These authorities are for the granting of the permission for construction, reconstruction and launch of capital construction objects. The local government will issue and grant the licenses for geological prospecting and the extraction of underground water, coordinate

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Kolyma’s Gran to maintain production at the level of 250 kg in 2014

According to the chief engineer, this year washing process began four days later than in 2013. It is planned to develop license areas with 9 sluice boxes: six of them will be involved at Duskanya, and the other at Anich, local mass media reported.
"This year, the enterprise will complete the development of license areas at one deposit and will begin to develop a new one at Anich, for which Gran received a license in March as a result of the auction. We will conduct supplementary exploration of reserves and direct washing of sands until 2017," - Volkov adds.

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"Norilsk Nickel" adds specifics in its strategy.

MMC "Norilsk Nickel" has presented an updated strategy through until 2018 with the investment capacity of $ 9.5 billion: it plans to upgrade its facilities and launch the Bystrinsk Mining and Processing complex, and then the focus in the production will be on Chita copper, which will go to China.
The expected economic effect – is $ 4.5 billion, excluding the new geological possibilities of Taimyr.
By 2018, the company plans to increase its copper production by approximately 20% mainly due to the Bystrinsk Mining and Processing complex (the Chita project), the production of other metals will remain approximately at the level of 2013. Moreover all the capacities of the company will be updated.
The fact of "Norilsk Nickel" production in 2013 and the forecast for 2014-2018:

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