Diamonds, 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
Currently Rio Tinto intends to invest more than $ 100 million into geological exploration in 14 countries around the world, where the company works, including Kazakhstan.
The Alrosa’s Board of Directors has unanimously decided to transfer the shares of its gas assets in Russia.
Lukoil is going to sell diamond holding company Archangelskgeoldobycha for $1.45 billion to Otkrytie. This was reported by the company.
The lawsuit of the Archangel Diamond Corporation (ADC) against Lukoil can’t be considered in the United States, the Supreme Court of this country decided on November 7, 2016, Lukoil reports.
In 2016 Alrosa plans to keep investment into geological exploration at the level of 2015 – 7 bln roubles, the Vie-President R. Gizatullin said.
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.
Interview with RFPI chief Kirill Dmitriyev
Alrosa, Bashneft, VTB and Sovcomflot are at the same stage of preparedness for privatization, said the Deputy Economic Development Minister Nikolai Podguzov.
Chinese National Petroleum Company (CNPC) plans to consider possibility of participation in the privatization of “Rosneft”. Chairman of the Board of Directors of CNPC Wang Yilin says.
“We have interest in the project….We will consider it in detail, when Rosneft develops a proposal, as the partnership with the company has a strategic character and is a significant element of cooperation between the countries, TASS reports, citing the representative of the company.