China, India Metals and Mining

Worldsteel: steel production in the CIS decreased by 7.6% in the first 5 months

During January-May 2020, metallurgical enterprises of 64 countries that provide data to the World Steel Association (Worldsteel), smelted 728.715 m

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Russian Ministry of Industry and Trade estimates amount of foreign investments in Klyuchevskoye deposit

China National Gold will invest about $420 million in development of the Klyuchevskoye gold deposit in the Trans-Baikal region, another $ 65 million will be invested by Indian SUN Gold, the volume

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CNGC to be owned of Klyuchevskoye deposit in Trans-Baikal region by the end of September

Chinese state-owned gold mining corporation China National Gold Group Corporation (CNGC) has planned to complete a deal to acquire a share in Zapadnaya-Klyuchi Mine, which owns a license to develop

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Alrosa tests mechanism of settlements in rubles under contracts with foreign clients

Alrosa has tested mechanism of settlements with foreign clients in the Russian currency. As an experiment, corresponding transactions were conducted with clients from China and India.

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The Chinese plan to mine 6.5 tons of gold at the Klyuchevsk gold mine in the Trans-Baikal Region.

Companies from China and India invest nearly $ 500 million into a gold mining project in Transbaikalia.

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In 2017, Russia was again one of top five of key steel producers

In 2017, steel production in the world reached 1.691 billion tons. The growth in the annualized volumes is 5.3%.

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Russia and Persian Gulf countries to create association of aluminium producers

The Ministry of Industry of the Russian Federation and the countries of the Persian Gulf intend to create an association of countries that produce aluminium.

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Alrosa sells diamonds for $12.9 mln to Indian and Chinese companies during auctions in Vladivostok

At the auction in the Eurasian Diamond Center in Vladivostok, the diamond producing company Alrosa sold diamonds in the volume of 461 thousand carats for $12.9 million, including technical diamonds

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Russian steelmakers have increasing problems on foreign markets

Excess of cheap steel on the global market led to the fact that in recent years the number of anti-dumping investigations in this area increased dramatically. The industry believes that its main threat is a sharp increase in the production in China, but closing from cheap Chinese steel importing countries also block the supply of metal from other countries, including Russia. It becomes increasingly difficult for domestic steelmakers to fight a wave of isolationism on their traditional overseas markets, and they can redirect the export to other countries always.
Since 2010, Russian steelmakers exported about one-third of the produced steel - 25-27 million tons of rolled products per year. These volumes are less than the export sales of 2008-2009, which reached 30 million tons, and may even decline because of the surge in protectionist investigations worldwide. According to the Ministry of Economy, in 2014-2015, 18 new investigations and revisions of measures affecting exports of Russian steel industry were initiated abroad, and eight of them have ended not in favor of Russia.

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The Ukraine retains place in top ten of countries, producing steel

By results of the work of metallurgical enterprises in August 2015, the Ukraine increased its steel production by 8.6% as compared to August 2014 to 1.919 million tons, retained the 10th place in the ranking of 65 countries, which are the main world manufacturers of these products, compiled by the World Association of producers steel (Worldsteel).
The fall in the steel production in August was recorded in most of the top ten, except for India, South Korea, Germany and the Ukraine.

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