Russia mineral extraction

Start of the Tominsk Mining and Processing Plant is scheduled for 2017.

The round table with the participation of experts from the Tominsk Mining and Processing Plant, R&D Centre Geotechnology and the public, dedicated to the technological features and socio-economic importance of the future Tominsk Mining and Processing Plant project took place in the office of the Russian Copper Company (RCC) in Chelyabinsk.
In his opening remarks, Director General of the Tominsk Mining and Processing Plant Valeriy Ulanovskiy talked about the project as a whole, on the stage of the project today and the economic role of the Tominsk Mining and Processing Plant for the region.

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In January-July, Kazakhstan reduced coal mining by 6.7% to 55.4 million tons

In January-July 2015, Kazakhstan produced 55.449 million tons of coal, including coal concentrate, which is by 6.7% less than in the same period of 2014, the Statistics Committee of the country’s Ministry of National Economy reports.

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SUEK launches longwall face with reserves in the amount of 2.1 million tons of coal

SUEK-Kuzbass has launched a new longwall face Polysaevskaya with coal reserves of 2.1 million tons, the total investment in the technical re-equipment made up 1.6 billion rubles, SUEK reports.
The longwall face N1747 with Breevsky reservoir removable capacity of 1.6 meters is unique for the coal industry in the country, it first applies technology allowing to carry out deserted coal mining. Monitoring and control of downhole equipment is carried out by operator of a nearby roadway. The expected monthly loading is 300 thousand tons of coal.

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Commissioning of “Pavlik” is on August 15th

OJSC “Pavlik” (part of “Arlan”) plans to launch gold ore complex at the same-name deposit in Magadan region on August 15, runs the company’s statement.
Since 2013 the launch of the plant has been postponed several times. It was to be put in operation by July and produce 1.5 tons of gold by the end of the year.

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Titanium dioxide enterprise planned to be created in the Murmansk region

The Murmansk region prepares for implementation of a project on creation of mining and processing plant for the production of titanium dioxide, rare and rare earth metals on the basis of the Afrikandovskoye deposits, the website of the regional government reports.
On August 4, 2015, the Federal Agency for Subsoil Use announced an open auction for subsoil of the Afrikandovskoye deposits of perovskite -titanomagnetite ores, located in the southern part of the Kola Peninsula, 1.5 km from the railway station Afrikanda on the southern shore of the Imandra Lake.

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Kuzbassrazrezugol invests 5.9 bln roubles into new plant

​Kuzbassrazrezugol will spend 5.9 bln roubles into the construction of a new processing plant “Taldinskaya-Energeticheskaya”.
The capacity of a new plant is 6 mln tons of coal a year. The construction will start next year. Now engineering works are held at the Taldinsky mine. The railway station, boiler house, electric substation, administrative-accommodation plant will be constructed besides the plant. The electric power lines with the length of 700 m will be constructed.
This is not the only perspective project of the company. The plan of construction of a processing plant at the Bachatsky coal mine with the capacity of 3 mln tons is considered. By 2018 the construction of a plant on coal enrichment at the Krasnobrodsky mine will be over.

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Net profit of MMK is at record level

In the first six months, the net profit of MMK under IAS grew by 485% to $468 million. According to the company’s PR Department, the net profit is at record levels over the past 5 years.
Agenda of the Board of Directors’ meeting includes recommendation to thef meeting of shareholders to pay dividends for six months in 2015. The dividends will be determined based on the current dividend policy, which implies the payment of at least 20% of the consolidated net profit for the period.

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In H1, Norilsk Nickel increased its profit under RAS 2 times

In January-June 2015, Norilsk Nickel’s net profit under RAS made up 102.19 billion rubles, which is twice more than in the same period last year, the company’s non-consolidated report informs.
The pretax profit amounted to 126.434 billion rubles (+2 times), the sales profit – 143.083 billion (+1.9 times).
The company’s revenue increased 1.5 times to 218.499 billion rubles (from the sale of metals and metal products 1.5 times to 212.356 billion), while cost of sales increased by 9.5% to 62.076 billion rubles (sold metals and metal products by 7.4% to 55.591 billion rubles). In particular, the company received 69.361 billion rubles from the sale of nickel (+47.2%); copper and copper rod - 56.231 billion rubles (+44.8%); platinum and its compounds - 20.251 billion rubles (+29.6%); palladium and its compounds - to 56.648 billion rubles (+62.4%). The company explains the growth in the revenues from the sale of non-ferrous metals with the depreciation of the ruble against the dollar.

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OJSC “Bauxite Timana” produced 30 million tons of ore

JSC “Bauxite Timana”, part of RusAl, produced the 30 millionths tons of ore since the start of commercial development of the Sredne-Timanskaya bauxite Group (republic of Komi).
“The current year is another milestone in the development of the enterprise. 30 million tons of ore is a significant result, managing director of the company R.Maslov said.

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Polymetal to start the development of Burgali in 2018

​“Omolon gold company” (in the structure of Polymetal) has completed the main geological exploration works at the Burgali site. It is planned to start the development of the deposit in 2018.
“The Burgali site is a good addition to our resource portfolio. Serious analytical work with the collected at this site results”, deputy head of the Magadan branch for mineral raw materials resources of Polymetal, S. Petrov, said.
According to him, the enterprise now starts to develop the technical –economic assessment. We will prepare the Burgali deposit for operation. Simultaneously we will keep exploration works at the ends of the site. There might be surprises, Petrov said.

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