Copper, Oil and Gas
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
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
The stake of UGMK in the new company will be 75%, Rosneft – 25%.
UMMC will have 75% of participation share in JV, “Rosneft” – 25%
In January-September 2016 Glencore reduced coal mining by 11% to 91.9 mln tons against January-September 2015.
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
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.
Krasnoyarsk enterprise of Rosgeologiya assessed the resources of perspective for gold and copper object in TuvaEdited by Rhod Mackenzie / 2016-02-12 03:26:31
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.
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.
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.