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    Alrosa to Double Diamond Sale to Asia in 2018

    By Marina Romanova A day ahead of the Second Eurasian Economic Forum, Russian PJSC Alrosa, the world’s largest producer of rough diamonds, has open its Eurasian Diamond Centre in Far Eastern port-city of Vladivostok. According to the miner press release, the company wants to boost gem sales to Asia-Pacific nations, including China, India, Japan, and[…..]

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    Russia’s diamond miner to start new kimberlite pipe and plug state budget holes

    By Marina Romanova Russian diamond miner Alrosa PJSC has announced the start of the development of Zarya kimberlite pipe, a new deposit in its Aikhal Mining and Processing Division (MPD) located in Mirny District of Russian Republic of Sakha. The initial investment estimated by the company to approximately US $150 million. The announcement came along with the news[…..]

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    Regulator to approve acquisition of 13.3 percent of Siberian Bystrinsky GOK by Chinese Investors

    By Marina Romanova Government Commission on Monitoring Foreign Investments has approved long anticipated acquisition of 13.3 percent of Bystrinsky copper-gold-iron development project by Chinese Highland Fund, www.finmarket.ru quoted Igor Artemyev, head of the Russian Federal Antimonopoly Service, as saying. Last December, China’s Highland Fund, consortium established by prominent Chinese investment funds and corporations, has agreed[…..]

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    Evraz to Become Russia’s Largest Coking Coal Producer

    Oct. 9 – Russia’s Evraz is to take control over coal miner Raspadskaya after acquiring half the stake of the Cyprus-based investment vehicle, Corber Enterprises. This US$800-million deal will enable the steelmaker to sufficiently run the coal-coking business as well as turning it into Russia’s largest steel-component producer. Although Evraz did not specify the total[…..]

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    Gazprom to Buy Gas in Brunei

    Jul. 20 – Russian state monopoly (and the holder of the world’s largest gas reserves) Gazprom could begin purchasing liquefied natural gas (LNG) from Brunei after 2013, when current contracts with its partner Brunei LNG will expire, the Russian daily Vedomosti reports, citing documents prepared for Gazprom’s board. Gazprom has been struggling to start LNG[…..]

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    Zarubezhneft Discovers Offshore Oil Deposit in Vietnam

    Jul. 19 – OAO Zarubezhneft, a Russian state oil producer, has discovered an offshore oil deposit in Vietnam, the company said in a statement earlier this week. The deposit is located in the area where the company produces oil jointly with its Vietnamese partner PetroVietnam. “The results of well testing allow us to talk about[…..]

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    China Eximbank to Help Fund RusAl’s Factory Construction in Siberia

    Jun. 26 – Russian UC RusAl, the world’s largest aluminum producer, and the Export-Import Bank of China (China Eximbank), one of China’s largest financial institutions, have signed a cooperation agreement on a RusAl greenfield project in Eastern Siberia worth up to US$850 million. The agreement foresees joint cooperation on financing for the construction of a[…..]

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    Miners in Tyva Republic to Subsidize Reindeer Breeding

    Mar. 15 – The government of Siberia’s Tyva Republic has asked foreign and domestic miners operating in the region to pay subsidies to local reindeer breeders, according to the republic’s web site. Under the agreement, China’s Longxing and the local Golevskaya Mining Company will allocate 600 rubles (US$20) for the maintenance of each reindeer in[…..]

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    The Republic of Tuva and the State of Russian Coal Exports

    Mar. 14 – Russia’s US$8 billion investment into Siberia to develop the Tyva Ulug-Khem Coal Basin, estimated to have 2.5 times more reserves than the Mongolian Tavan Tolgoi field, could double the country’s metallurgical coal exports by 2020. “Annual coal production in Tyva may reach 40 million metric tons in 2020 should all the companies[…..]

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    Russian Gold Production Increases, but Fails to Meet Expectations

    Feb. 6 – Russian gold production rose 3.6 percent year-on-year in 2011 to 209 metric tons, but below an earlier forecast, data published on Wednesday by the Gold Industrialists’ Union industry lobby showed. The union expected Russia to produce 211 tons of gold last year – up from 202 tons in 2010 – of which[…..]

Showing 10 of 29 articles