Metals and mining, Geological prospecting

In 2016, state financing of geological exploration was 26 bln rubles

In 2016, state financing of geological exploration remained at the level of 2015 and amounted to 26 billion rubles, said the head of the Ministry of Natural Resources Sergei Donskoy at the Board&rs

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16.2 bln rubles to be spent on exploration of Far Eastern territories

By 2020, 16.2 billion rubles will be spent on the reproduction of the mineral resource base and geological study of the depths of the Far East.

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Rio Tinto intends to make serious investments into geological exploration of Kazakhstan.

Currently Rio Tinto intends to invest more than $ 100 million into geological exploration in 14 countries around the world, where the company works, including Kazakhstan.

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Rosgeologiya may lose 15 bln rubles for new vessels

The plans of the state-owned holding company Rosgeologiya to occupy a significant place in the shelf development are under threat.

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Norilsk Nickel plans to invest about 2 bln roubles into geological exploration in 2017

In the past 3 years the company invested 4 bln roubles into geological exploration.

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Kazakhstan and Japan deepens cooperation in geology

In the framework of the official visit of the Kazakhstani President to Japan on November 8th there was a meeting of the Minister for Investment and Development of Kazakhstan Zhenis Kasymbek and cha

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In 2016 Alrosa plans to keep investment into geological exploration at the level of 2015

In 2016 Alrosa plans to keep investment into geological exploration at the level of 2015 – 7 bln roubles, the Vie-President R. Gizatullin said.

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Geological exploration as a way of life

Urantsvetmet is a partner in the exploration projects of Norilsk Nickel, Alrosa, Polyus and other large and not very large Russian mining companies.

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Donskoy: Investments in geological exploration to increase by 2017

The amount of financing of exploration works should be increased in 2017. This was stated by the head of the Ministry of Natural Resources Sergei Donskoy.

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Kazakhstan expects 900 billion tenges of private investments into exploration

In the coming years, Kazakhstan expects private investment in the amount of 900 billion tenges in exploration, the website of the Prime Minister of Kazakhstan reports with reference to the Minister for Investment and Development of Kazakhstan Asset Issekeshev.
"The development of geological sector is a fundamental factor in the economic development of the country. (...) Today, on the exploration program, which is implemented in Kazakhstan from 2015 to 2019, 120 billion tenges are allocated from the budget. We expect that at the expense of private investment 900 billion tenges more will be invested,"- he said.

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