Uranium

Kazatomprom and Rosatom discuss the construction of the nuclear power plant in Kazakhstan.

Rosatom and Kazatomprom initiated the discussion of the issue of a nuclear power plant's (NPP) construction in Kazakhstan. N.Kapparov, the head of Kazatomprom, and N.Spassky, the international Block director of Rosatom, discussed the implementation of the Comprehensive Program of the Kazakh-Russian cooperation in the field of nuclear energy, noting that the steps to create a mining enterprises and access to enrichment services have already been successfully implemented. N.Kapparov made a reference visit to the Ural Electro Chemical Plant (UECP). The discussion on the issues of further bilateral cooperation between Kazakhstan and the Russian Federation continued in Moscow, where the Kazatomprom delegation flew after visiting UECP.

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Ural Federal University develops the technology for REM extraction.

The scientists of the Institute of Physics and Technology of the Ural Federal University (UrFU PTI) will receive a grant in the amount of 300 million roubles on the continuation of the research process for the recovery of the rare earth metals (REM) from the uranium ore.
The development can provide the import substitution in six industries: radio electronics, instrumentation, nuclear engineering, mechanical engineering, chemical industry, metallurgy.

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VSEGEI and Rosgeologia discover gold in Karelia

A joint field expedition of the St Petersburg geological expedition (PKGE, a part of the holding company Rosgeologia) and the A.P. Karpinsky Russian Geological Research Institute (Republic of Karelia, the Murmansk region) projects, have discovered prospective sites for gold, Rosgeologia reports.
As a result of the research, new data was received and they will fundamentally change the existing ideas about the stages of the formation of gold-uranium mineralization in the evolution of a single ore-forming system of the Karelian-Kola metallogenic province.

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The American Westinghouse Company is eager to privatize the Ukrainian nuclear power plant

Westinghouse supplying nuclear fuel to the Ukraine has started the negotiations about the privatization of the Ukrainian nuclear power plants, the Deputy of the Ukrainian Verkhovnaya Rada, V. Grushevsky says.

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Buryatia suggests to enlarge state financing of geological exploration for gold

The expenses of the federal budget into geological exploration for gold should be enlarged, the Deputy Chairman of the Government of Buryatia, A. Chepik said at the conference devoted to development of the production forces of Buryatia. The federal budget allocated 220,000 rubles to precious metals and diamonds exploration in Buryatia in 2013, and 352,500 rubles to geological exploration for uranium.
Mr. Chepik thinks that the federal budget should not finance geological exploration for uranium. The companies engaged with uranium production have profits of dozens of millions of rubles now and can perform the work at its own expense.

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S.Lavrov: Russia and Kazakhstan to sign agreement on atomic power plant soon

Russia and Kazakhstan will sign in the near future an agreement on the construction of atomic power plant in the Kazakh city of Kurchatov, said the Russian Foreign Minister Sergei Lavrov on August 6th. Previously, the state-owned corporation Rosatom reported that Russia and Kazakhstan developed a draft intergovernmental agreement on cooperation in the construction of the first nuclear power plant in Kazakhstan, and substantial progress was reached in the matter. "The agreement is getting ready to be initialed, and it will be signed soon," - Lavrov said at the meeting with his Kazakh counterpart E. Idrisov. On May 29th, Rosatom and Kazatomprom signed a memorandum of understanding on cooperation in the construction of the first Kazakhstan atomic power station with water-cooled power reactors of Russian design with estimated capacity of from 300 MW to 1200 MW.

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Russia opens subsoil for foreign companies

The government may ease operation conditions of foreign state-owned companies in Russia. Until now, they could get in projects of strategic deposits development in the country not more than 25%. Primarily, this liberalization aims to attract investors from China, India and the Middle East. Primarily state-owned companies conduct international expansion just in these countries, and Russia will reorient to partnership with them in condition of conflict with the West over the Ukraine.
The Government has instructed the Ministry of Natural Resources, Ministry of Economy and FAS to consider whether to give foreign investors the opportunity to increase their share in companies, which develop subsoil plots of federal importance (large deposits of oil, gas, gold, nickel, platinum and copper) in excess of the limit, set by the legislation. This topic was raised by CEO of Metalloinvest Andrei Varichev at the Cabinet’s meeting on July 10; he offered to amend the law "in terms of increasing the possibility of the presence of foreign investors – certainly, through consideration by the Government Commission - from 25% to 49%". According to him, such measures are necessary for the development of large deposits, in particular to attract project financing.
Now, according to the federal law 57, there is a special procedure of foreign investments in companies that hold licenses for subsoil plots of federal importance. These companies are considered to be controlled by a foreign investor if it has a share of 25% or more.

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RosGeo prospects uranium in the Leningrad region

RosGeo represented by the geological and surveying party of the St. Petersburg geological expedition has started field exploration for diamonds, uranium and precious metals at the perspective Southern-Ladoga site in the Leningrad region. They are going to complete that in Q4 2015.
The company performs the work under the state mandate within the state program ‘The reproduction and use of mineral resources’ closed under the tender results in 2013. The specialists will design the state geological map on the scale 1:200 000 oriented to satisfying of the needs of economic and social development of the different regions of the state.

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250 oil and gas fields were discovered in Russia in the last five years

Over the last five years, 250 oil and gas fields were discovered in Russia, the Natural Resources Minister, Sergei Donskoi reported at the Cabinet meeting today.
According to Sergey Donskoy, it is provide to increase the main types of minerals: more than 6 billion tons of oil, 12.6 trillion cubic meters of natural gas, more than 7 billion tons of coal and about 100 tons of uranium by 2030l this will enable to reach 100% compensation of the main types of extracted minerals with reserves.
In 2013, the state funding was 32.1 billion rubles, and money from non-budgetary sources - about 240 billion rubles. "This corresponds to the global trend of increasing spending of subsoil users on geology, and without a doubt, "covers" our current needs, - Sergey Donskoy explains. - But it should be borne in mind that our subsoil users investments are a much smaller share of revenue from fields development into reserves replenishment, than their foreign and transnational counterparts".

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Rosgeologia to evaluate perspectives of the Eravinskaya area by 2016

Rosgeologiya has started research of the Eravinskaya area, which is prospective for gold, uranium, ferrous and nonferrous metals, in Buryatia, the company reports.
The wworks will be carried out by the company’s subdivision Buryatgeotsentr. The company should create a multi-purpose geological basis for the solution of various economical problems, planning of preliminary exploration, land development, environmental events and to assess the prospects of the territory, including for gold and precious metals and to clarify their prognostic resources of the P3 category.

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