Copper, Molybdenum

Subsoil Use Department in the Far Eastern Federal District to auction 403 thousand tons of Kolyma copper in April

Department of Subsoil Use of the Far Eastern Federal District has appointed two auctions for two prospective copper deposits on April 22. Both sites are located in the Magadan region.

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MISiS finds a way to reduce the cost of non-ferrous metals production.

Scientists of the Moscow Institute of Steel and Alloys have developed a new extraction method from copper, nickel and molybdenum.

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FLUOR finishes preliminary design of Baimsky GOK

In 2016, Canadian engineering company FLUOR will finish the preliminary design of Baimsky GOK, this follows from the words of Baimsky GOK’s general director (part of Roman Abramovich's Mi

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The Russian Government has granted to Amur Minerals the permit for gold production at Malmyzh

The Russian Government has granted to Amur Minerals LLC the permit for ore gold, copper and associated components exploration and production at the federal importance site including the Malmyzh fie

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Rostec to sell shares in two joint ventures to Mongolia

State-owned corporation Rostec will sell 49% in the joint ventures of Erdenet and Mongolrostsvetmet to the Mongolian side, RT Business Development, investment holding company of Rostec, reports. The agreement for the sale was signed on Tuesday.
The transaction value isn’t specified, but RT Business Development calls the received amount "the largest one-time receipt of funds in the history of Rostec".
Earlier, the Bloomberg reported that Rostec could get $500 million for the Mongolian assets.

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Intergeo protects 710 thousand tons of the Ikanskoye copper

“Amurmed” LLC (part of “Intergeo” of M.Prokhorov) has protected the reserves of the Ikanskoye deposit (Zeya district, Amur region) in the volume of 710 thousand tones of copper (within the boundaries of the quarry), the director of the company A.Perestoronin said.
The reserves are confirmed by the State Commission on Mineral Reserves (GKZ) in late October 2015. “Amurmed” is about to start the development of the deposit in 2021-2022, the local mass-media writes.

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Armenia increases export of copper ore

In the six months of 2015, Armenia increased its exports of copper ore by 58% as compared with the same period in 2014 (against the growth by 6.7% in 2014), molybdenum ore - by 28.8% (against the growth by 15.4% in 2014), and at the same time slightly increased the export of zinc ore by 8.9% (against the growth by 20.1% in 2014).
 

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Norilsk Nickel not to develop the Bugdainskoye deposit

Norilsk Nickel has temporarily refused to develop the Bugdainskoye polymetallic deposit (Chita region) because of the fall in prices for molybdenum, vice-president of Norilsk Nickel Andrei Bugrov reported.

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Russian Government allows Abramovich to develop Baimskaya area

The Russian Government has allowed the company Baimskaya (a part of Roman Abramovich's Millhouse) to carry out geological exploration and development of non-ferrous and precious metals within the Baimskaya area in Chukotka, which includes a subsoil area of ​​federal significance - the porphyry copper deposit Peschanka; the corresponding decree was signed by the Russian Prime Minister Dmitry Medvedev .
The State Commission on Mineral Reserves has registered the reserves of the Baimskaya area of the Peschanka deposit on C1 + C2 categories:

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