Russia mineral extraction

The development of rare earth industry - on the Russian Industry and Trade Ministry Control.

Industry and Trade Minister of Russia Denis Manturov held a meeting on issues of industrial development of rare metals (REM).
Since 2013 in Russia has been implementing sub-program of rare-metal industry developing. At the first stage - until 2016 - to be set up scientific and technological capacity in the industry, on the second - up to 2020 - is planned to establishing industrial plants.
Opening the meeting, Denis Manturov stated that the first stage of the subroutine is focused on technology development, on the basis of which will be produced rare earth metals (REM) and products using them. For this purpose has allocated over 4.6 billion rubles of budgetary funds. This draws the same amount of extra-budgetary funding.

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SUEK-Kuzbass to unite a part of mines to reduce management costs

In order to reduce management costs SUEK-Kuzbass will combine several coal enterprises: the mine n.a. November 7 with the mine n.a. A.D.Ruban, mine Komsomolets with the mine Polysaevskaya, the press centre of the Federation of trade unions of Kuzbass reported on Wednesday.
"SUEK-Kuzbass made a decision to combine a number of coal enterprises: the mine n.a. November 7 with the mine n.a. A.D.Ruban, the mine Komsomolets with the mine Polysaevskaya. The union, which will be conducted in order to reduce management costs, don’t provide for reduction of miners,"- said the press centre. According to the trade unions, the production of combined enterprises will remain the same, decreasing the annual target is not provided. Who will head the new mine offices is not reported.

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Gaisky GOK is to mine 6.2 million tons of ore before end of the year

The underground mine of Gaisky GOK (an enterprise of the UGMK’s resource complex) has received new self-propelled mining equipment: two load-haul-dumpers with capacity of 14 tons and dump truck with capacity of 30 tons.
In addition, throughout the year the park of the underground mine was enlarged with two machines: a self-propelled underground car for transportation of non-explosive components of emulsion explosives and other materials in specialized magazines and underground self-propelled units for mechanized loading of blast holes with emulsion explosives, using together with its mix-loading module.

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Iron ore project in the Far East proves to be unprofitable

The subsidiary of gold company Petropavlovsk iron ore IRC in the Far East has suspended mining at the Kuranakh mine, the company reports. The costs in winter make the operation unprofitable, and IRC decided to transfer the mine in the mood of care and maintenance. The prime cost of the iron ore mining from this mine was $53 per ton by results of the second quarter.
Yesterday, on December 14, ore with 62% content of iron cost $39 per ton, according to the Bloomberg.
"We believe we did everything possible to prolong the economic life of Kuranakh, - executive chairman of IRC Jay Hambro states. - Continuation of the Kuranakh operation will be devastating to IRC".

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Russia Minerals:Review and forecast of market development: Q3

In the first nine months of 2015, the Russian index of mineral resources mining grew by 0.3%, and the index of mining of metal ores increased by 1.6%. The index of metallurgical production and output of finished metal products fell by 5.7%.
In the non-ferrous metallurgy production the index decreased by 8.1% due to the reduced putput of products of increased technological readiness, delivered to the domestic market. The index of mining and enrichment of non-ferrous metals grew by 3.1%. The domestic demand for non-ferrous metals decreased by 20%, while the export grew by 1.7%.
According to the Russian Statistics Committee, in January-September 2015, the ore mining and production of gold concentrates decreased by 4.1%, the production of gold bullions - by 2.1%. According to the Ministry of Finance, the total gold production decreased by 0.6% to 215.868 tons, including primary production decreased by 0.7% to 173.82 tons, byproduct production - by 26.5% to 9.69 tons, and scrap production grew by 11.9% to 30.95 tons.

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“Raspadskaya” produced 5.2 mln tons of coal in 2015

OJSC “Raspadskaya” has produced 5.2 million tons of coal since the beginning of the year.
The plan of the mine for 2015 was to prepare mining faces and stabilize production at 4.5-5.5 million tons of coal a year. The auxiliary teams have inspected 10.6 km of mine tunnels and restored more than 7 km of formerly driven workings.

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Subsurface users of Kolyma increased gold and silver production in Jan-November

Ministry of Natural Resources and Environment of Magadan region submitted data on precious metals production on the territory of the region within the period from January to November. There have been produced 23.7 tons of gold (+210.9 kg y-o-y) and 1058 tons of silver (+142 tons y-o-y) within this period.

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Dzhebariki-Haya to enter the open coal mining by 2017.

Managing Director of "Yakutcoal" Hafiz at a meeting of the working group on support measures of moving Dzhebarik-Haya to the open coal mining said that the beginning of the introduction of stripping operations planned for April 2016
"All previous agreements executed in time. Commencement of stripping operations planned for April 2016, required for this technique purchased, and after the opening of ice crossings will be delivered in the village Dzhebarik-Haya. 

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“Norilsk Nickel” confirms capital expenditure for 2016 at 145 bln roubles

The Board of Directors of “Norilsk Nickel” has confirmed its capital expenditure for 2016 at 145 billion roubles, runs the company’s statement.
Capital expenditure for 2015 are likely to have made up 100 billion roubles, including for the Chita project at approximately 11.5 billion roubles. According to the company, the key investments projects for 2015 have been realized. Earlier, the company was about to direct 105 billion roubles for capital costs.
The budget for 2016 includes 40 billion roubles of capital expenditure into the Chita project. “The investment priorities for 2016 will correspond to the approved strategy of the company and provide for one of the leading profitability ratios in the sector in terms of commercial projects even amidst the current price environment,” is said in a statement.

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“Priisk Solovyevsky” increases production 12%

“Priisk Solovyevsky” OJSC (Amur region) produced 2.537 tons of gold in 2015 according to preliminary data. It is by 12% more year-on-year, chief executive of the company F.Sidorov stated.
“This year was very fruitful. We have exceeded the target by 120% and produced record volume of gold, he asserted in an interview to the newspaper “Amurskaya Pravda”.

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