Eurasia Journal News

Russia and Turkey Ready to Identify Joint Projects in Geological Exploration

Russia and Turkey are ready to identify joint opportunities for projects in the field of geology and subsoil use. This is stated in the protocol of the meeting of the Russian-Turkish intergovernmental commission on trade and economic cooperation (the text of the document is available to TASS). “The parties declared …

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Eurasia Journal News

Rosgeology Conducts Scientific Activities in Antarctica in Strict Accordance With International Agreements

The state holding Rosgeology conducts research activities in Antarctica in strict accordance with the provisions of the Protocol on Environmental Protection of the Antarctic to the Antarctic Treaty (Madrid Protocol of 1991). In particular, with Article 7 of the Protocol, which provides that “Any activity related to mineral resources, with …

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Conference and Exhibition News and Updates

The Project “Rosgeo” and “Geomix” Received a Prize at the Competition of Effective Digital Projects “Mining Industry 4.0”

The Rosgeo project to improve the Geomix-Geology deposit design platform received a special prize at the Competition of effective digital projects for mining enterprises “Mining Industry 4.0” in the “Practical Import Substitution” category. The award ceremony took place on April 24 at the MiningWorld Russia International Exhibition. The joint project …

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Eurasia Journal News

Rosgeo Engineering & Geological Fleet Drilled 103 Wells on the Arctic Shelf in 2023

The research fleet of JSC “Arctic Marine Engineering and Geological Expeditions” (AMIGE, a subsidiary of Rosgeologiya) in 2023 fulfilled 100% of its obligations under commercial and government contracts. Last year, 103 shallow wells for various purposes were drilled on the Arctic shelf of the Russian Federation with a total penetration …

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Eurasia Journal News

Rosgeo Increased its Net Profit Under RAS for 2023

JSC Rosgeo announces financial results for 2023 in accordance with Russian accounting standards (RAS). Despite the difficult economic background and rising financing costs, the company’s gross profit last year increased by 4.45% to 1.43 billion rubles, and net profit increased by 5.4% to 357.61 million rubles compared to 339. 25 …

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Eurasia Journal News

Rosgeo Was Concerned about the Lack of Investment in Geological Exploration

The lack of investment in geological exploration (GE), observed against the backdrop of the need to replenish the mineral resource base (MRB) of scarce and import-dependent types of minerals, is of concern. This statement was made by Deputy General Director of Rosgeologia Arthur Uzyunkoyan during a meeting of the Federation …

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Eurasia Journal News

Rosgeo is the Winner of the Minddigital Digital Transformation Case Competition

The Rosgeo project “Integrated platform for automation of geological exploration of solid minerals” became the winner of the V Competition of cases of digital transformation and breakthrough technologies of mining and metallurgical enterprises MINEXcellence in the MineDigital category, the results of which were summed up at the Mining and Geological …

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Eurasia Journal News

Rosgeo Confirmed Its Leadership in the Anti-Corruption Rating of the Russian Union of Industrialists and Entrepreneurs

In 2023, Rosgeology again received the highest level in the Anti-Corruption Rating of Russian Business of the Russian Union of Industrialists and Entrepreneurs. The assigned Rating class AAA+ corresponds to the maximum level of anti-corruption. Rosgeology took part in the Anti-Corruption Rating for the third time and this year has …

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Eurasia Journal News

The Program for Additional Capitalization of Rosgeologia in 2024 May be Reduced by 4 Times

The additional capitalization program of JSC Rosgeologia is planned to be reduced in 2024. This follows from the explanatory note to the draft federal budget for 2024-2026. which Interfax got acquainted with. “The change in the parameters of the financial support of the state program “Reproduction and Use of Natural …

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Eurasia Journal News

Rosgeo Plans to Sign an Offset Contract for the Supply of Drill Pipes for 500 Million Rubles

JSC “Rosgeologiya” plans to sign an offset (with counter investment obligations) contract for the supply of drill pipes with JSC “Drilling Equipment Plant” in the near future, the electronic trading platform (ETP) “Roseltorg” (the organizer of the selection of suppliers under the offset contract) said. “In April 2023, JSC Rosgeo …

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