Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The Russian and Kazakhstan governments signed an agreement on copper deposits on Aug 18 during Russian Prime Minister, Mikhail Mishustin’s visit to Kazakhstan. 


Russian copper plans to invest RUB 1.2bn in Tarutinskoye, copper gold mine with an annual capacity of about 750,000 mt of ore and a mining life of 9.5 years. The ore will be delivered by road to the Mikheevsky GOK enrichment plant (Varnensky district of the Chelyabinsk region, part of the RMK Group) for further processing.


During the agreement between Russia and Kazakh, the licenses for copper mining on both the sides were owned by RCC enterprises. Two different legal entities carried out production independently. 





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