Gold

Susumanzoloto to get 1 bln rubles of loan for production development

The gold mining enterprise Susumansky ore mining and processing enterprise Susumanzoloto has decided to get a non-revolving loan in the amount of 1 billion rubles for a period until December 28, 20

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Buryatzoloto leaves Nordgold without dividends

Buryatzoloto (in the structure of Nordgold) doesn’t plan to pay dividends on the results of 2016, the company reported on the results of the meeting of the Board of Directors.

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In 2016, investors spent 5 bln rubles on Kamchatka mining projects

In 2016, the investments in the mining industry and the extraction of minerals in Kamchatka exceeded 5 billion rubles.

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In 2016, Nordgold’s net profit under IAS fell by 15%

In 2016, the net profit of gold mining company Nordgold, controlled by Alexei Mordashov, under IAS decreased by 15% compared to the previous year to $160.1 million, the company reports.

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In January-February, gold production in Azerbaijan fell by 32%

In January-February 2017, the gold production in Azerbaijan amounted to 181.2 kg, which is by 32.1% less in than the same period last year.

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Khabarovsk region has enough gold for 34 years

In the process of realization of the program “Development of the mining industry of the Khabarovsk region in 2017” 16 bln roubles were invested into the mining sector in the region, inc

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Gold-mining cooperative Baldzha to increase gold production to 400 kg

The gold-mining cooperative Baldzha, which developing gold deposits in the Kara district of the Trans-Baikal region, is going to extract about 400 kg of precious metal in the upcoming season.

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Polymetal to put into operation a few deposits in Magadan region on the results of geological exploration

Polymetal will spend $10 mln (about 580 mln roubles) for geological exploration in the Magadan region, CEO of Polymetal, V. Nesis, said.

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Polymetal thinks about Nezhdaninsky deposit

The company doesn’t refuse to participate in the project but meanwhile doesn’t plan to expand.

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Sberbank CIB grants loan for $325 mln to Nordgold of Alexei Mordashov

Sberbank CIB, corporate investment business of Sberbank, has granted a loan in the amount of $325 million to the gold mining company Nordgold.

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