Copper, Oil and Gas

At least 3% of fields with different minerals in Russia are undistributed

The share of the undistributed subsoil fund in Russia for different types of minerals is at least 3%, said today the Minister of Natural Resources Sergei Donskoy at the meeting with President Vladi

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Glencore: Zhayrem and Vasilkovskoe increased their reserves

JSC “Zhayremsky GOK” increased the quality evaluation of more than 60 mln tons of ore having referred them to the reserves with zinc content of over 4%, is said in Glenore’s repor

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

“Rosneft” and UMMC establish JV on steel production for dock yard “Zvezda”

UMMC will have 75% of participation share in JV, “Rosneft” – 25%

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Glencore reduced coal mining by 11% to 91.9 mln tons over 9 months

In January-September 2016 Glencore reduced coal mining by 11% to 91.9 mln tons against January-September 2015.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Mineral resources of Bashkiria: oil, gold, copper, soda

The Head of Department for Subsoil Use in Bashkiria Raphael Gufranov has stated that oil reserves in Bashkiria will be enough for 26 years of the production, and copper, zinc, gold ore - for 20 yea

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil extraction in Russia rose by 5.3% to 43 mln tons in February

​Oil extraction in Russia rose by 5.3% to 43.064 mln tons in February 2016 against Feb 2015, the Central Dispatch Management of the Fuel and Energy sector reports.
Bashneft stayed the leader on the growth of oil extraction in February. The extraction made up 1.643 mln tons, by 11.4% more than in Feb 2015.
The extraction growth in February was also shown by Gazprom Neft – by 7.8% to 4.43 mln tons, Surgutneftegas – by 3% to 4.867 mln tons, Tatneft – by 8.4% to 2.213 mln tons.
Rosneft and Lukoil managed to increase the extraction (Rosneft by 2.9% to 15.828 mln tons, Lukoil- 0.1% to 6.673 mln tons), in January they reduced the extraction results.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

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.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Russia:Access to subsoil becomes easier for investors

The Government has allowed Russian investors to conduct geological exploration and production at areas of federal importance till the completion of prospecting. Previously, companies had to wait for five years until prospecting licenses would expire, and ask for permission to develop from the Government. Market participants support the changes, hoping to benefit from projects earlier. The access to strategic areas for foreign investors is limited for a while, but the Ministry of Natural Resources plans to simplify it too.
On October 28, the Prime Minister Dmitry Medvedev signed a decree (published on Tuesday), according to which Russian companies are entitled to conduct geological exploration and production at areas of federal subsoil before the completion of geological study. According to the explanatory note, the decision removes the contradictions between regulations, which defined this order in different ways: the regulation, approved by the Government in September 2008 and Article 6 of the Federal Law "On Subsoil". The decree also introduces a mechanism for attributing subsoil users to Russian or foreign ones through submission of documents to Rosnedra and the FAS. Now companies, controlled by foreigners, can obtain access to strategic fields with the permission of the Government.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Rosgeologiya to explore promising copper area in the southern Urals.

Rosgeologiya started to search for ore deposits of copper sandstones, suitable for in situ leach mining, within the southern part of the Urals.
The part of the Orenburg-Bashkir prospective area will be explored. Work will be performed in the Orenburg region, the Republic of Bashkortostan, the Perm Region.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer