Russia has $1.5bn plan to dent China’s rare earth dominance

Anastasia Bogdanova | August 13, 2020
img0 Russia plans investment of $1.5 billion in rare earth minerals, critical to the defence, telecommunications and renewable energy sectors, as it strives to become the biggest producer after China by 2030, a top government official told Reuters. Russia’s initiative is in line with other countries, such as the United States, which are also trying to ...

Mining Weekly: Russia set to overtake China as biggest gold producer from 2029

Anastasia Bogdanova | March 6, 2020
img0 Research agency Fitch Solutions says global gold mine production growth is set to rebound in the coming years, owing to higher prices and mergers between major mining firms. The agency forecasts global gold production to increase from 107-million ounces this year to 132-million ounces by 2029, averaging a yearly growth rate of 2.4%. This compares ...

Russia looks to double coal exports to China

Anastasia Bogdanova | February 10, 2020
img0 Besides its high profile gas exports, Russia is looking to double its coal exports to China, effectively competing with Indonesia, Australia and the US. Russia has been historically associated with oil and gas exports, yet the news somewhat underreports its coal market presence. Although neither the world’s largest coal producer nor exporter, Russia seems to ...

Soviet Collapse Echoes in China’s Belt and Road

MINEX Forum | August 15, 2018
img0 Grand investment plans for unproductive regions have caused empires to founder before. What causes empires to fall? According to one influential view, it’s ultimately a question of investment. Great powers are the nations that best harness their economic potential to build up military strength. When they become overextended, the splurge of spending to sustain a ...

Russian fund plans a $1bn mining venture with China Gold

David McHutchon | November 16, 2017
img0 (Bloomberg) — Russia’s state-owned Far East Development Fund is in talks to create a $1 billion joint venture to invest in the country’s mining industry with China National Gold Group, a government controlled producer of the precious metal. “We and China Gold will create an attractive financial platform that private investors can take part in and make ...

Serbia anticipates investors from China

David McHutchon | July 12, 2017
img0 In the 19th century mansion in central Belgrade where bureaucrats plan some of Serbia’s important overseas projects, 64-year-old Ivan Mrkic is busy unpacking boxes teeming with the books, research papers and maps he needs to become an instant expert on China. Mrkic, a one-time Foreign Minister, anticipates investors from Hong Kong and Beijing will pour tens of millions of euros into eastern Europe and he wants Serbia — among ...

RTB Bor is close to its potential investor

David McHutchon | April 11, 2017
img0 Image: energovg.rs Serbia’s economy ministry is close to signing an agreement for the sale of copper miner and smelter RTB Bor to one of the largest Chinese mining companies, said seenews.com with reference to Serbian media reports.  The government is in intensive talks with Chinese companies for the privatisation of RTB Bor under a model similar to ...

Amur Minerals signed a MoU with Jinchuan Nickel & Cobalt Research and Design Institute

MINEX Forum | November 1, 2016
img0 Amur Minerals Corporation signed a non-binding Memorandum of Understanding with Jinchuan Nickel & Cobalt Research and Design Institute Co, Ltd of Jinchang, China (Jinchuan). Jinchuan is a subsidiary of the Jinchuan Group and is responsible for the group’s engineering, design, procurement and construction activities (“EPCM”) and conducts independent work for additional international base metal companies. ...