Putin sure likes palladium!18 Nov 2019 16:19
Just watched interview on Rossiya 24 TV channel.
This is a newspaper report:
https://rg.ru/2019/11/18/reg-sibfo/putin-pohvalil-proekt-po-proizvodstvu-palladiia.html
11/18/2019 16:07
Category: Power
Project: In the regions
More expensive than gold
Vladimir Putin discusses palladium project in the Arctic
Text: Kira Latukhina
Russian Newspaper - Federal Issue No. 260
"You had a good project on palladium in the Arctic zone. Let's start with it. How is something moving?" - asked Vladimir Putin. Bazhaev thanked for support: “With your participation, an agreement was signed between Russian Platinum and Norilsk Nickel on the creation of a joint venture called Arctic Palladium in the Norilsk industrial region. We are finishing to create it, and I wanted to report on the status of the project and the main socio-economic indicators. "
"4.5 thousand tons will be the reserve of platinum group metals. 120 tons is the production potential per year. These are 5860 new jobs, 40 billion rubles per year of tax revenues and the socio-economic development of the Arctic, which is very important for Russia and for this region. “This is an increase in freight traffic along the Northern Sea Route and a significant increase in the export potential of the Russian Federation,” the speaker quoted the figures. "The creation of a joint venture will lead to the fact that the Russian Federation will take first place in the world in the production of platinum group metals," he announced.
“Our total reserves are 770 million tons of ore, the mining period is 55 years, and the start of production is 2024. Total investments are $ 15 billion. Ore production is 21 million tons per year, revenue per year is about $ 7 billion. Our profitability 53 percent, "continued Bazhaev.
Russia will produce more than 50 percent of platinum group metals
In the world, the consumption of platinoids, especially palladium, is growing rapidly, said the head of Russian Platinum. In the auto industry, the growth in the production of gasoline engines has multiplied, and palladium is a gasoline engine, platinum is a diesel engine, he explained. "And this is electronics, global digitalization, there are very heavily used and spraying, and platinum group metals, including for various industries, this is the chemical, petrochemical industry, catalysts, automotive industry taking into account the new stringent requirements for CO 2 emissions", - said Bazhaev. He is convinced that the joint venture will become one of the best industries in the world." We will have dry storage, we will make so-called gypsum, and we will not litter the environment. And the Russian Federation will produce more than 50 percent of the platinum group metals, and everyone will depend on us for this indicator, "the businessman said.
“Good. Payback is good, I look,” Putin said. “Yes, we have a very good project. And the industry believes that this is one of the best projects since the collapse of the Soviet Union,” th
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