Oil and Gas, Mineral Extraction

Alrosa on sales

Alrosa on sales
Nowadays Russia prepares to privatize the shareholdings in several companies including Alrosa AK. Despite the plan to offer a large shareholding of 10.9% in the company to the market, the stocks’ rates will be under the pressure in the near time. The investors should not await their considerable growth in this year, the market analysts and experts think.

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MMK and ChTPZ increase cooperation

Magnitogorsk metallurgical plant has held a meeting of the coordinating council between MMK and ChTPZ Group. At the meeting, the results of the cooperation between the companies last year were announced.
In 2015, MMK’s supplies to ChTPZ amounted to more than 560 thousand tons of steel. Chelyabinsk  pipe rolling plant is one of the largest consumers of the steel plant. In turn, MMK is the major supplier of metal for ChTPZ.

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Krasnoyarsk enterprise of Rosgeologiya assessed the resources of perspective for gold and copper object in Tuva

​JSC Krasnoyarskgeolsyomka (in the structure of Rosgeologiya) has completed the execution of the state contract or geological additional study o the Kyzyl site located in the Kyzyl, Piy-Khemsky, Tandinsky and Kaa-Khemsky districts of the Republic of Tuva. The works have been held since 2013. Tyvanedra ordered the works. The area of the studied site is 5,132 sq km.
In the framework of the project research works, laboratory works, geochemical sampling were held, sediments of the Ulug-Khemsky coal basin were studied, the geophysical and geochemical basis were prepared and tested.
The borders of the Tannoulsko-Ulugousky gold-polymetallic minerogenic and Kalbaksky coper-molybdenum ore areas and the Tapsa –Kaakhemsky alluvial gold area were specified. Within the borders of the latter the Terektigsky golden ore hub and Ondumsky ore zone were separated. The first object was issued a passport with the assessment of forecast P1 copper and gold resources - 1.7 mln tons and 33 tons respectively.
On the results of the geochemical survey at the Kyzyl site, 7 anomalous geochemical fields of golden ore were discovered, forecast P3 resources of copper, zinc, silver were assessed – 850 thousand tons, 500 thousand tons and 563 tons respectively.

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After 2020 Alrosa to start industrial extraction of diamonds at Pioneer Pipe in the Arkhangelsk region

​With the start of industrial diamonds extraction at the Pioneer Pipe, developed by Alrosa, the stake of the Arkhangelsk region in the diamonds extraction in Russia will reach 20%, the Governor of the region, I. Orlov said.
By the extraction rates we are at the stage of preparation of the project for the start of stripping the Pioneer Pipe of Alrosa. And then we will reach the planned 20% - in 2020-2021 taking into account the investment and start of industrial extraction, reaching the project capacity, I. Orlov said.
By the assessment of the specialists in the diamond extraction sector, 20% of diamonds in Russia will be extracted in the Arkhangelsk region. The region will be the largest diamond bearing province in Europe, the Governor said.
He also said that the new deposit will be developed by Alrosa. Besides Alrosa, Lukoil extracts diamonds in the region.
2 main players at this stage are traditionally Alrosa represented by Severalmaz and Arkhangelskgeoldobycha – by Lukoil. Both companies hold exploration aiming for growing an opportunity of extraction, I. Orlov said.

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Russia may stop supplying coal to the Ukraine as a response to Crimea

Russia may decide to terminate the supply of coal to the Ukraine in response to the energy blockade of the Crimea. This was stated by the Russian Energy Minister Alexander Novak today.
"Maybe in this situation we should take a similar decision on the termination of coal supply by our commercial organizations that supply coal to Ukrainian power plants," - said the Minister.

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Rosgeologiya has completed prospective drilling at perspective gold sites in North Osetiya

​The specialists of Yuzhgeologiya and Koltsovgeologiya (both in the structure of Rosgeologiya) have completed prospective drilling for alluvial gold at the Teplinsky and Arsikomsky ore fields in North Osetiya.
The main contractor is another enterprise of Rosgeologiya – Sevosgeolrazvedka (Vladikavkaz). The right to sign a contract was given on the results of the tender held by Rosnedra in June 2013.
In the first field season the works at the object Sevosgeolrazvedka found out perspective for gold areas. Channel sampling was held at the site.
Yuzhgeologiya couldn’t complete in full the order in August 2014 due to the climatic conditions as it is located at the height of 2-3 thousand m above the sea level.
In the new season Yuzhgeologiya and Koltsovgeologiya drilled 6 wells with the inclination of 75-90 degrees, depth of 200-300 m; 80% core sample collection was held at the ore site.
The enterprises reached the goal. Core sample collection reached 100%.

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