Russia, Rostekh

"Polyus" intends to buy out 23.9% in the operator Sukhoi Log from "Rostech".

PJSC "Polyus" is planning to purchase additional stake of 23.9% in the company "SL Gold" from GC "Rostech" after obtaining a license for nearly $141 million, the compa

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Mining at Sukhoi Log might make up 80-90 tons of gold

The mining in the area of the gold ore deposit Sukhoi Log in the Irkutsk region might make up 80-90 tons of gold and 20-25 tons of silver a year, the Ministry of Natural Resources reports.

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JV of Rostekh and Polyus has purchased “Sukhoi Log” for 9.4 bln roubles

The auction for “Sukhoi Log” was won by the JV of Rostekh and Polyus – SL-Zoloto having paid 9.4 bln roubles, the Minister of Natural Resources, S. Donskoi, said.

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"Rostech" supplies the RF Ministry of Defence with "invisible" set of radio network.

State Corporation "Rostech" delivered a set of machines from the microwave transmission complex, capable of operating in conditions of electronic countermeasures, to the armed forces of R

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Start-up price for Sukhoi Log to make up $145 mln

This week Russia plans to sell the Sukhoi Log deposit at a lowered price to Polyus and Rostekh as sanctions and restrictions have frightened off other participants of the auction, Reuters reports.<

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Rostech increases the share of civil production to 50% by 2025.

In the message to the Federal Assembly the RF President Vladimir Putin paid special attention to the scope of the military-industrial complex, stating that it was necessary to increase the producti

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Rostekh intends to extract stannum in Yakutia

Rostekh plans to realize the project of development of placer stannum deposit “Ruchei Tirekhtyakh” in the Ust-Yansky district of Yakutia, is said in the press-release of the regional Go

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The Russian car concerns discuss possible cooperative buying of car steel

The Russian car concerns discuss possible cooperative buying of car steel
The Russian car concerns discuss possible uniting in metal purchase. They are already negotiating about the issue AvtoVAZ and KamAZ, and Sollers and GAZ Group are ready to join them. The measure should help the car concerns in trading with metal producers that face the complaints upon rapid growth in prices. FAS claims that it can analyze the situation but has not received any applications for purchase uniting as yet.

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"Rostech" can attract investors without experience into Sukhoi Log.

GC "Rostech" could bring several investors into a project of development of the Sukhoi Log gold deposit, including resource companies without experience in gold mining, the Director General of LLC "RT-Business Development" (a subsidiary of "Rostech") Andrey Korobov told reporters.
"We structure the Sukhoi Log project ourselves and then attract a private partner, or we may enter into an alliance with a number of investors. It may be raw material companies both with experience in gold mining, and without. The players in the market have an obvious interest in the project", - he stated.

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Rostech favourite for Sukhoi Log

"Rostech" builds models of the field development.
"Rostech" can raise funds from VEB for the development of Russia's largest gold deposit Sukhoi Log, if it wins the auction for it - a subsidiary institution of the state corporation "Giprotsvetmet" laid down in terms of the development of the financial model of the project "compliance with VEB conditions". Currently there are no substantive negotiations, but other banks, according to experts, are unlikely to be interested in the project because of the long payback period and high risks.

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