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 Russian market news 

   

   
   

 
  “Highland Gold Mining Ltd.” (Great Britain, SAR, Russia) mastering gold reserves “Mayskoye” in Chukotka
   
  Tender announced for chromium and copper-nickel concentrate reserves development in Pudozh region of Karelia
   
  Powerful energy producing and industrial complex to be constructed on the basis of coal reserves in the center of Sakhalin
   
  “Polus” (Russia) commissioned new enrichment factory for processing gold bearing ore
   
  “Polymetal” (Russia) to double the volume of silver production at their plant “Dukat” in Magadan region
   
  “Russian Aluminum” (Russia) to start construction of bauxite-aluminum complex in Komi Republic
   
  “Norilsk Nickel” (Russia) put into operation new stage of “Severny-Gluboky” mine on Kolsk peninsula
   
  “Zijin Mining Group” (China) plans to invest USD 100 million in lead and zinc recovery in Tyva Republic
   
  “North-West Phosphor Company” (Russia) plans to invest about USD500 million in the development of apatite-nepheline reserves in Murmansk region
   
  English-Canadian Joint-Venture starts to develop Taseevo gold reserves in Chita region
   
  English-Kazahstan Joint Venture to be created for development of polymetal ores in Russia
   
  “Aricom Plc” (Great Britain) to start development of Kuranakh reserves of polymetal ores in the Far East of Russia
   
  “Magnezit” (Russia) started development of magnesite reserves in Krasnoyarsk region
   
  Mining – benefaction complex to be constructed on the basis of Gremyachy potassium salt reserves
   
  Total volume of investments in geological and survey works on Taymir peninsula in 2006 will amount to about USD40 million
   
  “Russian Copper Company” (Russia) plans to build in Chelyabinsk a plant for benefaction of copper-zinc ore
   
  “Metropol” (Russia) to speed up its plans of developing Ozernoye poly-metal reserves in West Siberia
   
  “Rio Tinto Plc” (Great Britain-Australia) and “Norilsk Nickel”(Russia) created Joint Venture in Russia
   
  “Barrick Gold”(Canada) trying to strengthen their position in gold mining in Russia
   
  “Aricom”(UK) to start iron ore mining in the Far East
   
  New mining and beneficiation complex for zinc concentrate production to be built in East Siberia
   
  New mining chemical complex for processing apathite-nepheline ores to be constructed in Siberia
   
  “Eureka Mining Plc.”(Great Britain) plans to commission in 2008 beneficiation plant at Myheevo copper-porphyry reserves in Chelybinsk region
   
  “GHK”(Russia) to build first Russian plant for manufacturing crystalline silicon in Krasnoyarsk region
   
  Western companies will assist to increase four times the gold recovery in Chukotka
   
  Russia Udokansk copper reserves to be put out to tender in November 2005
   
  “Peter Hambro”(UK) wins the auction for development of Verhne-Aliinskoye gold bearing reserves in Chita region
   
  Russian-Chinese Joint-Venture to be established for zinc concentrate production
   
  “Sibelco” (Belgium) modernizing quartz sand recovery near Moscow
   
  Project is under elaboration for construction of Russia largest mining and metallurgical complex for lead production
   
  “SUAL-Holding” (Russia) starts implementation of “Komi Aluminum” project
   
  Production refurbishment at mining and enrichment complex “KMA-Ruda Complex”
   
  “Dimur”(Russia) building a new shop for production of corundum-graphite articles for metallurgical industry
   
  New alumina complex to be built in Siberia
   
  New coal mine to be built in Siberia
   
  USD45 million for leasing of Japanese equipment for mining and construction industries
   
  “Uralkaly” gained USD75 million credit for 7 years from the EBRR for its investment program
   
 
"Gorodissky & Partners"
B. Spasskaya Str., 25, stroenie 3, Moscow 129090, Russia
Phone: 7 (495) 937 6116 / 6109 Fax: 7 (495) 937 6104 / 6123
E-mail: pat@gorodissky.ru, http://www.gorodissky.com