Large investment projects of Russia go to Kazakhstan


Plans to build a major gold-producing plant in the Far East have been scrapped as sanctions against the Russian Federation continue to escalate and severely hamper economic activity. Similar cases occur throughout Russia, but the Far Eastern regions have been especially affected by the trend. This is written by a specialized resource OilPrice.


The drastic reduction in important imports required for modern investment projects has caused perhaps the most significant economic downturn in the Russian Federation in the last three decades.

The Russian mining company Polymetal, one of the largest producers of gold and other precious metals in the country, officially announced that the gold plant project was not destined to be realized on the territory of the Russian Federation. The enterprise will be built in Kazakhstan. Initially, it was planned to build a plant in the city of Sovetskaya Gavan, in the Far East. But due to technological sanctions, the implementation of the project was postponed several times, and then the placement location was completely chosen in favor of Kazakhstan.

Also, representatives of "Polymetal" said that problems with the import of equipment forced him to postpone the development of the East Siberian gold mine. All projects are postponed for different periods - from six months to a year.

According to a February presentation to investors, Polymetal planned to invest up to $700 million in 2022. Two months later, he reduced that amount to $650 million. And now he completely abandons plans for developing a new business. Most of his projects, apart from the gold plant, are also on hold.

Polymetal management said it had become expensive and difficult to import equipment directly from Europe. Although the company itself is not under Western sanctions, however, foreign transport firms refuse to deliver containers with equipment and spare parts to Russia, the report says. This greatly complicates innovative production activities.

The gold miner has to collect a large number of documents to show that he does not violate Western sanctions when buying equipment. The company said it had been forced to import Western equipment via China, delaying delivery by at least two months. However, not all units and equipment are in China, so some of the technological processes have to be completely reduced, which entails the termination of a project completely and forever.
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  1. Bulanov Offline Bulanov
    Bulanov (Vladimir) 11 July 2022 09: 50
    +5
    The Russian mining company Polymetal, one of the largest producers of gold and other precious metals in Russia, officially announced that the gold plant project was not destined to be realized on the territory of the Russian Federation. The enterprise will be built in Kazakhstan.

    Typical wrecking. Especially after the demarches of Kazakhstan against Russia. Or does the Russian Federation want to repeat the precedent with the Zaporozhye Motor Sich? When the largest plant was built in the USSR, and then an analogue had to be built in Russia, because industrial ties with Ukraine were lost? How much can you step on a rake? Or is this being done on purpose to push Russia back?
    1. Dukhskrepny Offline Dukhskrepny
      Dukhskrepny (Vasya) 11 July 2022 10: 15
      -2
      After all, Lenin and Stalin could not have imagined that Eltsin and Putin would bring the country to the edge and did not consult with the drunk Yeltsin where to build the Motor Sich plant. This is a bomb from Lenin - that’s what Putin seems to say. with Tokayev about the "special operation".
    2. Dukhskrepny Offline Dukhskrepny
      Dukhskrepny (Vasya) 11 July 2022 10: 18
      0
      If there are no "domestic technologies or equipment," what is the point of sanctioning foreigners to set up production in Russia? And who are the pests? Not Putin and K, who for 20 years hung noodles to the Russians about breakthroughs and successes?
    3. k7k8 Offline k7k8
      k7k8 (vic) 12 July 2022 19: 31
      0
      Quote: Bulanov
      Typical sabotage

      No. It has already been written here many times (including myself) that the effect of sanctions never manifests itself immediately after their introduction - the time lag is from 6 months. We are just approaching the period when we will feel their action. Another issue is that in a gold-mining country there is no experience in building (or it has been lost) enterprises of this type.
  2. kriten Offline kriten
    kriten (Vladimir) 11 July 2022 11: 49
    +1
    Choose exactly Kazakhstan, not London or the USA???? It seems to be one and the same.
    1. tkot973 Offline tkot973
      tkot973 (Konstantin) 11 July 2022 21: 08
      0
      Yes, in general, the same thing, you all know. All natural resources are controlled by Western companies.
      But here's what's interesting - what could really interest the management of Polymetal narrow-eyed traitors. I believe that either blackmail or bribery. Most likely the second.
      1. tkot973 Offline tkot973
        tkot973 (Konstantin) 11 July 2022 21: 15
        +1
        In general, I do not understand the wise policy of our leadership towards Kazakhstan. With a small letter because it is even worse than Ukraine. At least there are open ..., but here they want to eat fish and ..., and everything is on the sly.
        Tokayev is the second Estrogen, sorry, Erdogan.
  3. Jacques sekavar Offline Jacques sekavar
    Jacques sekavar (Jacques Sekavar) 11 July 2022 14: 01
    0
    Kazakhstan is one of the largest state formations in terms of area with huge natural resources - oil, gas, uranium, non-ferrous metals, etc., etc., historically technologically transport connected with the Russian Federation and a relatively small population, a significant part of which speaks Russian language. All this creates favorable conditions for Russian investments in Kazakhstan, and it is good that they have a growth trend, although incomparable in scale with foreign ones. It would be very bad if they had a reverse trend.
  4. Shmurzik Offline Shmurzik
    Shmurzik (Seymslav) 11 July 2022 23: 13
    0
    Quote from: tkot973
    But here's what's interesting - what narrow-eyed traitors could really interest the leadership of Polymetal.

    Traitors? And whom did they betray? If the Kazakhs are traitors, then who is the "Polymetal leadership" then?
    1. tkot973 Offline tkot973
      tkot973 (Konstantin) 12 July 2022 09: 18
      0
      Polymetal management - businessmen.
      The leadership of Kazakhstan is politicians.
      Do you feel the difference?
      1. Shmurzik Offline Shmurzik
        Shmurzik (Seymslav) 14 July 2022 15: 04
        0
        Quote from: tkot973
        Polymetal management - businessmen.
        The leadership of Kazakhstan is politicians.
        Do you feel the difference?

        But here's what's interesting - what could really interest the management of Polymetal narrow-eyed traitors

        Polymetal management - citizens of Russia.
        The leadership of Kazakhstan is the citizens of Kazakhstan.
        Do you feel the difference? ... wide-eyed you are our national patriot ...
    2. Bulanov Offline Bulanov
      Bulanov (Vladimir) 12 July 2022 13: 41
      0
      First, the traitors are those who destroyed the USSR. Here, they say, Russia feeds everyone. And how they began to count - Azerbaijan - a lot of oil, Turkmenistan - a lot of gas, Kazakhstan - uranium and much more. Why did they destroy the USSR, built by their ancestors?
      1. guest Offline guest
        guest 12 July 2022 14: 05
        -1
        Whose ancestors? For those who broke up the union and the ancestors did it.
      2. Shmurzik Offline Shmurzik
        Shmurzik (Seymslav) 14 July 2022 15: 13
        0
        First, the traitors are those who destroyed the USSR. Here, they say, Russia feeds everyone. And how they began to count - Azerbaijan - a lot of oil, Turkmenistan - a lot of gas, Kazakhstan - uranium and much more. Why did they destroy the USSR, built by their ancestors?

        So call traitors those who elected those who "figured out for three" the collapse of the USSR - the Union of 15 republics ...
  5. House 25 Sq. 380 (House 25 Sq. 380) 12 July 2022 15: 35
    0
    I would like to remind you that our entire pseudo-left public, using vocabulary like "spiritual bondage", was very indignant at one time with the project of this plant in the Far East: they say that Kazakh investors will plunder our public property, rob norot, withdraw money for cordon....
    Now the plant will be built in Kazakhstan... Isn't it great? Haven't your dreams come true???
    Our public property will continue to lie quietly a hundred meters underground...
    hi