Titanium, Russia Oil and Gas
Rosgeologiya has stated to study perspective for hydrocarbons objects in Southern and North-Caucasus federal districtsEdited by Rhod Mackenzie / 2016-05-30 09:15:22
Rosgeologiya has completed the first stage of geological study of the perspective objects for titanium-zirconium placer deposits and hydrocarbons in the Southern and North-Caucasus federal districts.
The objects are located in the Southern and North-Caucasus federal districts. The Kelgulta-Balkovsky site occupies the area of 5,637 sq km in the Kalmykia republic in the Rostov region, the Kurganinsky site – 5,841.8 sq km in the Adygea republic, Krasnodar and Stavropol regions, the Novoalexandrovsky site (5,774 sq km) is located in the Krasnodar, Stavropol and Rostov regions. The studied were held by the specialists of Kavkazgeolsiemka (Yessentuki, Rosgeologiya).
The perspective sites are found out within the borders of the object, the assessment of forecast resources of core mineral reserves has been specified.
The resources of titanium-zirconium placer deposits have been assessed at the eastern part of the Yergeninsky potential placer district, hydrocarbons raw materials of low categories at the Kurganinsky, Maykop, East-Kuban and West-Stavropol oil and gas bearing areas.
At the end of 2015, the Komi republic plans to begin the construction of the Yaregsky mining and chemical complex for the mining and processing of up to 650 thousand tons of petro-titanium ore per year. This was announced by the First Deputy Minister of Industry and Transport of Komi, Alexander Gibezh.
According to him, the project managed resolve the dead-lock after the restart of the license by the company Yarega Ruda. The project is estimated at 34 billion rubles. "There was an uncertainty about the license, but the company and investors of the project received the approval of the Federal Agency for Subsoil Use for the mining of titanium ore with simultaneous extraction of rare earth metals for quite a long period, so the project has moved on," – Gibezh said.
The Government of Russia has proved Lukoil-Komi the winner of the auction for the right to use a federal subsoil site for exploration and extraction of titanium ore and accompanying components, is said on the website of the Cabinet of Ministers.
Lukoil-Komi LLC is given the right to use the federal subsoil site comprising the “Titanvy-1” site of the Yaregsky deposit located on the territory of Komi for exploration and extraction of titanium ore and accompanying components, is reported.
Arkhangelskgeoldobycha also participated in the auction. “In conformity with article 40 of the law “On Subsoil”, a subsoil user that gains the right to use the subsoil, makes one-time payment. The amount of the payment for this site made up 96,542.124 thousand roubles”, is reported.
The plant of Dmitry Firtash is threatened to change its ownership.
Another major Crimean company, controlled by the Ukrainian investors, is risking changing the owner. The authorities of the Peninsula are ready to help Dmitry Firtash with the sale of "Crimean Titan", if a businessman can not solve the problems of the plant. Among them the officials called the wages and utility charge bills debts, the threat of power and water outages, as well as stop the of the raw materials supply. Dmitry Firtash, however, is not going to sell the plant, and both businessman and the representatives of the "Crimean Titan" call the list of identified problems considerably exaggerated.
The Russian Prime Minister Dmitry Medvedev has signed the decree on the holding of an auction for the right to use the subsoil site of federal significance, which includes Titanovy-1 at the Yaregskoye field (Komi), in 2014.
The decree was made by the Ministry of Natural Resources.
The document was developed on the assumption of the requirements of the Russian Law “On Subsoil”.
The law implies that the decision to hold auctions for the right to use subsoil areas of federal importance, the composition and procedure of auction fees and the procedures and conditions of such auctions with respect to each subsoil area or group of areas is made by the Government of the Russian Federation.
Yugra will open a window to the Ural Mountains, Natalia Komarova, the KhMAD Governor, stated during the Council meeting on the investment activity.
At the meeting the head of the region emphasized that it was time for a new industrialization of the northwest Ugra. The Ural Mountains is a real resource treasury. And it is necessary to unlock its potential for the needs of the Russian and Ugra economy. "We have relied on the development of the Berezovsk area, wide construction of transport and energy networks, the launch of large investment projects. If we speak the language of the historical analogy, we have to open a window to the Polar Urals, - Natalia Komarova stated. - This task is doubly relevant in the current geopolitical and macroeconomic conditions in which our country can unconditionally rely only on our own raw materials and domestic sources of growth".
The government may ease operation conditions of foreign state-owned companies in Russia. Until now, they could get in projects of strategic deposits development in the country not more than 25%. Primarily, this liberalization aims to attract investors from China, India and the Middle East. Primarily state-owned companies conduct international expansion just in these countries, and Russia will reorient to partnership with them in condition of conflict with the West over the Ukraine.
The Government has instructed the Ministry of Natural Resources, Ministry of Economy and FAS to consider whether to give foreign investors the opportunity to increase their share in companies, which develop subsoil plots of federal importance (large deposits of oil, gas, gold, nickel, platinum and copper) in excess of the limit, set by the legislation. This topic was raised by CEO of Metalloinvest Andrei Varichev at the Cabinet’s meeting on July 10; he offered to amend the law "in terms of increasing the possibility of the presence of foreign investors – certainly, through consideration by the Government Commission - from 25% to 49%". According to him, such measures are necessary for the development of large deposits, in particular to attract project financing.
Now, according to the federal law 57, there is a special procedure of foreign investments in companies that hold licenses for subsoil plots of federal importance. These companies are considered to be controlled by a foreign investor if it has a share of 25% or more.