Pubblicato in: Cina, Materie Prime, Russia

Russia. Klyuchevskoye. Appaltato ai Brics lo sfruttamento delle miniere aurifere.

Giuseppe Sandro Mela.

2017-12-12.

Klyuchevskoye 002

Klyuchevskoye è un paese posto a 50.75 latitudine nord, posto al confine tra Russia e Mongolia.

Dire che sia un posto freddo di inverno sarebbe riduttivo: ci si gela. Facilmente il termometro scende sotto i -50°C.

Però questa zona dispone di giacimenti auriferi, non troppo ricchi, ma degni di essere utilizzati. I costi di estrazione sono alquanto elevati in comparazione con quelli delle miniere del South Africa, ma con le attuali quotazioni dell’oro lo sfruttamento inizierebbe ad essere remunerativo.

Ma il discorso non si estingue nel mero aspetto economico.

Gran ruolo svolge quello politico.

Klyuchevskoye 001

«The purpose of the agreement is to implement the investment project to develop the Klyuchevsky gold deposit in the Trans-Baikal Territory»

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«Concluding the agreement will facilitate the formation and development on an integrated complex for mining and processing minerals and help create about 3,000 jobs in the region»

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«By signing the directive, Russia approved the draft Agreement between the Government of the Russian Federation and the Government of the People’s Republic of China on Cooperation to Implement the Project to Develop the Klyuchevskoye Gold Deposit (hereinafter referred to as the Agreement).»

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«The Agreement consolidates the terms allowing the company China National Gold Group Hong Kong Limited (Hong Kong, People’s Republic of China) or any other company it fully controls (either directly or indirectly) to acquire no less than 60 percent and no more than 70 percent of the voting shares of the Rudnik Zapadnaya-Klyuchi joint stock company»

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«including the formation and development on an integrated complex on mining and processing minerals»

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«The Agreement provides for the production of precious metals on Russian territory. It also includes measures to support Russian producers of mining and other auxiliary equipment»

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La Cina controllerebbe il pacchetto di maggioranza, ma ad agire sarebbe un consorzio.

«A consortium made up of the Chinese state-owned mining firm China National Gold Corporation, India’s SUN Mining Group and the Russian Far East Development Fund, as well as funds from South Africa and Brazil is prepared to invest up to $500 million in the development of the Klyuchevskoye gold field in the Transbaikal region (over 4,000 miles east of Moscow).»

Al di là degli aspetti su citati, sarebbe da mettere in evidenza il rapporto collaborativo che si sta instaurando tra i paesi afferenti il Brics.

Sono solitamente accordi nei quali tutte le componenti devono poter godere di una propria parte.

Questa è una gran bella lezione per l’Occidente.


The Russian Government. 2017-11-17. Russia’s approval of the draft cooperation agreement between the governments of Russia and China to develop the Klyuchevskoye gold deposit (Trans-Baikal Territory)

The purpose of the agreement is to implement the investment project to develop the Klyuchevsky gold deposit in the Trans-Baikal Territory. Concluding the agreement will facilitate the formation and development on an integrated complex for mining and processing minerals and help create about 3,000 jobs in the region.

Reference

Submitted by the Ministry of Industry and Trade.

By signing the directive, Russia approved the draft Agreement between the Government of the Russian Federation and the Government of the People’s Republic of China on Cooperation to Implement the Project to Develop the Klyuchevskoye Gold Deposit (hereinafter referred to as the Agreement).

The Agreement consolidates the terms allowing the company China National Gold Group Hong Kong Limited (Hong Kong, People’s Republic of China) or any other company it fully controls (either directly or indirectly) to acquire no less than 60 percent and no more than 70 percent of the voting shares of the Rudnik Zapadnaya-Klyuchi joint stock company with a view to creating favourable terms for investment cooperation in developing the Klyuchevskoye gold field.

Implementation of the investment project to develop the Klyuchevskoye gold deposit will support the deposit’s geological exploration and mining, including the formation and development on an integrated complex on mining and processing minerals. The Agreement provides for the production of precious metals on Russian territory. It also includes measures to support Russian producers of mining and other auxiliary equipment.

The Agreement will facilitate the creation of jobs in the Trans-Baikal Territory (about 1,000 direct jobs and about 2,000 related jobs), higher tax revenues for the budgets of the Russian Federation, and the development of the region’s infrastructure.

In accordance with the federal law On International Treaties of the Russian Federation, after it is signed the Agreement must be ratified because it establishes rules that differ from those stipulated by Russian law.


Russia Beyond. 2016-10-24. BRICS countries to invest $500 million in Russian gold deposit

A new agreement to restart exploration and extraction at a mine in Siberia marks a milestone in the development of economic ties among the BRICS nations.

A consortium made up of the Chinese state-owned mining firm China National Gold Corporation, India’s SUN Mining Group and the Russian Far East Development Fund, as well as funds from South Africa and Brazil is prepared to invest up to $500 million in the development of the Klyuchevskoye gold field in the Transbaikal region (over 4,000 miles east of Moscow). The agreement was signed during the most recent BRICS summit, which that took place in the Indian resort of Goa on Oct. 15-16. According to plans for the site, Klyuchevskoye will become operational three years after investment becomes available and will yield some 6.5 tons of gold per year.

This is the first mining deal in the history of BRICS that involves all five member states, which makes it particularly significant, says Wiktor Bielski, global head of commodities research at VTB Capital. Bielski adds that the agreement paves the way for bigger projects in the future that can benefit a wide range of BRICS investors.

Benefits for the partners

The Klyuchevskoye gold deposit was explored a long time ago, however, the bulk of the gold was not extracted because of the costly development process that was halted some 20 years back,according to Alexei Kalachev, an expert analyst with FINAM investment firm in Moscow. The China National Gold Corporation, however, has the relevant technological experience to extract and process the gold, Kalachev said.

The deposit is currently owned by India’s SUN Gold, Ltd., part of the SUN Mining Group, which has not begun to develop it. In August 2016, the Russian Federal Antimonopoly Service said that the China National Gold Group intended to buy 70 percent in the deposit from SUN Gold. According to Kalachev, the idea of a consortium may have evolved from an attempt to speed up the deal at the highest levels.

The Klyuchevskoye gold deposit is not especially rich; at its stated production volumes and reserves, it will have a life cycle of 11-12 years, while the average life cycle of gold mines worldwide is 15-16 years, says Artem Kalinin, a portfolio manager at Leon Family Office. Additionally, the cost of production at Klyuchevskoye is being forecast at the average global level. “That said, the Chinese are used to operating in this mode: the country’s steel and coal industries have very weak production costs, but they have so far been feeling quite alright thanks to cheap financing and state support,” Kalinin said.

Russian gold mining companies are currently not taking part in developing Klyuchevskoye, but according to Kalinin, Russia stands to gain regardless of who develops the site. “The Russians will get an opportunity to borrow new technologies and to get an infrastructure that the Chinese will build,” he said.

Alexei Kalachev notes that other obvious upsides for Russia include a rise in tax revenues, new jobs and an inflow of foreign investment.

What’s in it for China?

Despite the fact that China is the world’s leader in gold mining and one of the world’s largest consumers of the precious metal, its resource base is rather weak, says Kalinin. The CIS countries host the majority of the world’s gold reserves — 28 percent. Another 20 percent of the reserves are located in North America while Asian reserves make up just 11 percent.

Oleg Remyga, head of China studies at the Moscow School of Management Skolkovo, notes that China’s gold production is falling — it was down 0.4 percent in 2015 — while consumption is rising — up + 3.7 percent in 2015. “Hence, the clear ambition of Chinese companies to enter international markets,” Remyga explained.

According to Remyga, the China National Gold Group’s investment in the Klyuchevskoye deposit is part of this bigger drive for resources. Chinese companies have already purchased shares in Canada’s Pinnacle Mines, Ltd. as well as 50 percent of shares in a deposit in Papua New Guinea owned by Barrick Gold Corp. “I am convinced that it is just the beginning of acquisitions of Russian gold-mining assets by Chinese companies, such as Zijin Mining, China Gold, Zhaojin Mining Industry, and Shandong Gold,” Remyga said, adding that negotiations with them have been going on already for five years. 


Russia Beyond. 2016-10-24. Kamchatka to quadruple gold mining to 18 tons by 2025

The project to be presented at the Eastern Economic Forum in September

The Kamchatka Terrotiry will boost gold mining fourfold from 4.2 tons in 2015 to 18 tons by 2025, with the bulk of it provided by a concentration mill at the Ozernovskoe goldfield. This project will be presented at the second Eastern Economic Forum, Kamchatka Governor Vladimir Ilyukhin said on Aug. 29.

“The Ozernovskoe goldfield is the largest among those explored in Kamchatka. Its area is 100 square km and its gold volume is around 10 tonnes yearly. We plan to attain gold mining levels of around 15-18 tons yearly,” the governor stated.

Apart from the Ozernovskoe goldfield concentration plant, Kamchatka will also present its air terminal, battery farm and greenhouse projects at the EEF.

The second Eastern Economic Forum is scheduled to take place on Sept. 2-3 in Vladivostok.

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