Salavatskoye LLC plans to build a copper mine and processing plant in Bashkortostan at a cost of 40 billion rubles, the Chelyabinsk Region company's director, Tagir Bakhtigareyev said. "Upon confirmation of copper ore resources at this property, we plan to implement a major investment project to develop the Salavatskoye copper ore deposit, with the construction of a mine and processing plant in the Abzelilovsky district [...] The amount of investment will exceed 40 billion rubles," Bakhtigareyev ...

Nornickel, the world’s largest producer of palladium and a major producer of nickel, platinum and copper, announces that shareholders held the Annual General Meeting (AGM) on 27 June 2025. The shareholders also approved the annual report for 2024, new version of the Articles of Association, Russian Accounting Standards (RAS) accounts for 2024, the consolidated financial statements in accordance with International Financial Reporting Standards (IFRS)fin for 2024, elected the Board of Directors ...

The breakthrough achieved by scientists was reported by the Press Service of the Ministry of Science and Higher Education of the Russian Federation; specialists of the National University of Science and Technology “MISIS” have patented a heat-resistant aluminum alloy that retains its strength properties after heating up to 400 degrees Celsius and can be produced from scrap metal. The new technology makes it possible to obtain a material with the required properties without complex and expensive ...

China's copper imports from the United States fell 1.9 times to $204.8 million in March this year, according to Chinese customs. This was the minimum for bilateral trade since April 2023 and is noticeably less than the average level of purchases for last year (371.9 million dollars, RIA Novosti reported. The main beneficiary of this decline was Russia, which in March became the second major source of copper for China. Russian exports for the year rose by $495.4 million, or 2.7 times, to $790.9 ...

Nornickel, the world’s largest producer of palladium and a major producer of Class I nickel, platinum and copper, announces preliminary consolidated production results for the first quarter of 2025. Senior Vice-President — Operating Director, Alexander Popov commented on the production results, "In 1Q 2025, platinum production increased, whereas the output of other metals was slightly lower than a year ago. The modest decline of nickel production was temporary and due to scheduled short-term ...

The active construction phase of the Baimsky Mining and Processing Plant (Baimsky GOK) was launched in the Chukotka Autonomous District. This is Russia's first mining and processing plant using unmanned technologies and the Internet of Things in copper ore mining. Dmitry Grigorenko, Deputy Prime Minister and Head of the Government Staff, and Yury Trutnev, Deputy Prime Minister and Presidential Plenipotentiary Envoy to the Far Eastern Federal District, familiarized themselves with the construction ...

Such data is contained in the State Report on the state and utilization of mineral resources of the Russian Federation, published on the website of the Ministry of Natural Resources of Russia. Copper belongs to the first group of minerals, the reserves of which, under any scenario of the national economy development, meet its necessary needs until 2035. Russia has a large raw material base of copper and ranks 7th among the largest producers. The basis of the country's raw material base is formed ...

On the sidelines of the Russian Union of Industrialists and Entrepreneurs Congress held in Moscow last week, Nornickel’s President Vladimir Potanin informed journalists that agreements with Chinese partners to establish a joint venture for copper mining are expected to be finalized shortly. Mr. Potanin noted that the process is underway, but discussing details would be premature. The company has secured government support for its strategic development concept, which includes cooperation with ...