RUSSIA NEEDS A NEW URANIUM DEPOSITS

RUSSIA NEEDS A NEW URANIUM DEPOSITS

As vice-president of the corporation #39;fuel elements#39; Stanislav Golovin, the future needs for uranium in Russia will be met by primary production of uranium, as well as stocks and for the processing of irradiated nuclear fuel. According to him, Russia#39;s nuclear energy sector is developing steadily, and this requires an increase in production of uranium. He added that in the foreseeable future, Russia will annually produce more than 5 tonnes of natural uranium, while the needs of the nuclear industry in the country is 8 tons Corporation officials have also said that it is necessary to ensure the production of uranium in Russia after 2010 due to the search of new deposits.

VASILIEVSKY MINE `STARTED GOLD MINING

`` VASILIEVSKY MINE STARTS gold mining

The potential resource base of JSC Vasilevsky Rudnik - about 500 tons of gold. These are the opinions of specialists stocks Partyzanski gold-node Motyginsk district of the Krasnoyarsk Territory, the territory of which is constructed gold extracting factory CJSC. Part of deposits Partyzanski node Vasilevsky Rudnik is beginning to develop. Company holds licenses for the commercial production of gold Basil, Nicholas deposits, deposit Gerfed Saint Elias and Lower Talovsky occurrences. Their gold reserves under Russian classification make 113 tons is planned that in July, the gold extracting factory will be constructed first bar.

In 2005, plans to process 300 tons of ore in 2006 - 1,000,000 tons of ore, which will produce about 5 tons of gold per year. By 2008, the volume of zolotoizvlecheniya will increase to 6 tonnes

DE BEERS GROUP RAISE PRICES FOR DIAMONDS

DE BEERS GROUP RAISE PRICES FOR DIAMONDS

The world#39;s largest diamond miner De Beers is going to raise their prices by 3% from June. Diamond Trading Company, marketing arm of De Beers, has announced that the price increase will affect the types of diamonds, for which the market is most in demand.

WORLD DIAMOND MONOPOLY RETURNS TO ANGOLA

WORLD diamond monopoly RETURNS TO ANGOLA

The world diamond monopoly company De Beers has announced his return to Angola. According to ITAR-TASS quoted the agency SAPA, De Beers entered into an agreement with the Angolan state-owned diamond company ENDIAMA. The two companies will establish a joint venture diamond mining in the province of Lunda Norte, which is considered one of the richest diamonds in Angola.

De Beers operated in Angola since 1990, but in 2000 decided to withdraw from the country in connection with the dead end in talks with the Angolan government of providing investment guarantees De Beers. After that Angola sell their diamonds through the Israeli company Askorp. Angolan diamonds along with the Namibian considered the most precious jewels in the world, the price per carat rough diamond Angolan comes to $ 700.

PRICE INCREASES FOR DIAMONDS

PRICE INCREASES FOR DIAMONDS

Leaders of De Beers, the largest diamond mining company in the world, announced on Wednesday that three per cent increase in prices for its products, starting with the month of June. Company Diamond Trading, marketing arm of De Beers, said that the price will be differentiated depending on the quality of diamonds. The company De Beers, 45% Anglo-American, has increased the price of diamonds by 14% last year and 3% this year, as strong demand for both traditional and emerging markets is outstripping supply.

Informs Mining Weekly.

CHINA SHOULD THINK ABOUT THE COAL INDUSTRY

CHINA SHOULD THINK ABOUT THE COAL INDUSTRY

In light of the serious shortages of coal and frequent accidents in the industry, China needs to use the resources of coal mines more cautiously and sparingly. Chinese coal industry has to find a path of sustainable development, to achieve high performance, security, profitability and less environmental pollution. This was at a meeting of the leadership of the State Council on Wednesday said Premier Wen Jiabao. Coal - the main source of energy and raw materials, is strategically important for the development of the Chinese economy. As priorities for the meeting has been called scientific planning of coal production and development of large coal producers.

Because of the weak control system, the Chinese coal industry is in a sorry state, and small coal enterprises dominate the industry. It is also necessary to speed up the construction of major transport channels and ports. To deal with the accident, which vainly struggling for years, investments are needed in the organization of labor safety standards, particularly in monitoring the concentration of gas.

Also, it is necessary industrialization of coal cleaning technology and the creation of an economy re-processing of coal, according to People#39;s Daily Online.

RUSSIA HAS INCREASED PRODUCTION OF IRON ORE

RUSSIA HAS INCREASED PRODUCTION OF IRON ORE

The volume of iron ore in Russia in I quarter of 2005 increased by 1.3% compared with I quarter of 2004, in March 2005 was 8.3 million tonnes, an increase of 11.8% compared with February 2005 , and by 3.4% - compared with March 2004 In March, produced 6.2 million tonnes of coking coal and 19.4 million tons of thermal coal. The volume of coal concentrate in the I quarter of 2005 increased by 0.8% in comparison with the I quarter of 2004, production of iron ore pellets increased by 6.5%.

SOUTH AFRICA BECAME INTERESTED IN MINING PRECIOUS METALS AND DIAMONDS IN KRASNOYARSK REGION

South Africa became interested in mining precious metals AND DIAMONDS IN KRASNOYARSK REGION

South Africa relies on bilateral mutually beneficial cooperation with the Krasnoyarsk region of extraction of minerals, oil and gas industry. According to the press service of the Council of the Krasnoyarsk Territory, the issues of bilateral cooperation in the field of extraction of minerals working together in the oil and gas industry were discussed at the meeting, the deputy governor of the Krasnoyarsk Territory Sergey Sokol with a delegation of the Embassy of South Africa in the Russian Federation. Also, reportedly met the delegation of the Embassy of South Africa with business edge.

The meeting was attended by representatives of gold companies OOO GRK AMIKAN JSC, Vasilevsky Rudnik FGUG Krasnoyarskgeolsemka and other Embassy representatives expressed their interest in cooperation in the exploration and production of gold, diamonds, manganese, conducting research in the field of mineral raw materials, joint ventures and investments in these areas.

IN RUSSIA CUT PRODUCTION ORE

In RUSSIA cut production ORE

Bauxite mining in the I quarter of 2005 compared to the same period in 2004 decreased by 0.1%. Russian mining of nickel ore decreased by 7.2% tin - 29% Tungsten - by 28.4%, production of apatite concentrate - by 2.8%, copper - 0.6%, lead - by 60.7% , zinc - by 1.8%, molybdenum - by 16.2%. Gold mining in Russia in I quarter of 2005 decreased by 4.7% compared with I quarter 2004 In March 2005, gold production increased by 0.2% compared to March 2004 and by 14% compared to February 2005

THE SITUATION IN GLOBAL ALUMINUM MARKET IN MARCH 2005

The situation in global aluminum market in March 2005

In March, a three-month futures prices for primary aluminum has exceeded $ 2,000 per tonne by the intense reduction in inventories and a weak dollar, but by the end of the month returned to the level of $ 1,950 per ton. In the first week of March trades were carried out at the level of $ 1,900 per ton, but on March 11 the price reached $ 2,005 per ton due to the weakening dollar and higher activity in the market. But the next day the three-month aluminum prices fell to $ 1,985 per tonne, before again rising above $ 2,000 per tonne in five days. The market could not support such a high price, and on March 18 the price dropped to $ 1,972 per tonne and due to the strengthening of the dollar continued to fall to $ 1,945 per ton, until the end of the month it rose to $ 1,966 per ton.

This information serves Infogeo.Ru.

KNOWN RESULTS OF DEVELOPMENT OF GOLD DEPOSITS IN KARACHAEVOCHERKESII

KNOWN RESULTS OF DEVELOPMENT OF GOLD DEPOSITS in Karachay-Cherkessia

Gold reserves in this mountainous republic in the North Caucasus exceed 500 tonnes. The once-secret data revealed the head of Territorial Administration Ministry of Natural Resources of the Russian Federation on KCR Aslambek Tambiev. He was speaking at a meeting with a delegation of businessmen of the republic of the Russian Union of Industrialists and Entrepreneurs, led by the president of Entrepreneurs Arkady Volsky. According to him, in the bowels of the earth are as a vein and alluvial deposits.

Volume placers for geologists, is 300 kg. Gold mining is conducted in Karachay-Cherkessia, starting with the 30-ies of the last century.

KAZAKHSTAN FOR URANIUM PRODUCTION TAKES THIRD PLACE IN THE WORLD

KAZAKHSTAN FOR uranium production TAKES THIRD PLACE IN THE WORLD

Kazakhstan on the production of uranium took third place in the world after Canada and Australia. This was reported by the press service of the National Company Kazatomprom. In 2004, the share of Kazakhstan had 9.4 percent of the world#39;s uranium production. Last year Kazakhstan produced 3,719 tons of natural uranium, - explained in the company.

At present, the company sets the task to increase production of natural uranium in 2010 to 15 thousand tons per year. If implemented, these plans Kazakhstan will become the world leader in the production of this valuable raw material, - the press-service.