Metals and mining

Fitch improves its forecast on Evraz rating to “stable”

The international rating agency Fitch has improved the outlook for the transnational company Evraz’s rating from "negative" to "stable", the agency reports.

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Rusal persuades the creditors.

The company has achieved the mitigation of covenants.

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Production in the Srednekansky district to be increased to 1.7 tons

The subsoil users of Kolyma expect to obtain 1.7 tons of gold and 38 tons of silver in the Srednekansky district by the end of the year.

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MMK completes reorganization of Belon

The Magnitogorsk metallurgical plant has completed the reorganization of its coal assets - Belon, the latter’s report informs.

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In 2016, Severstal-Metiz saved 35 mln rubles

In 2016, Severstal-Metiz (part of Severstal) saved more than 35 million rubles due to rationalization activities, the press centre of the company reports.

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Transshipment of ferrous metals through Novorossiysk falls by 11.1%

In January-April, 2017, the cargo turnover of the Novorossiysk Commercial Sea Port Group amounted to 50.578 million tons, the improvement of indicators compared to the same period last year made up

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Polymetal plans to develop in Kazakhstan

Polymetal considers various directions for the expansion of its mineral and raw materials base in Kazakhstan, the head of Polymetal, I. Finogenov, said.

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Alrosa plans to mine 2 mln karats of crude diamonds at Khara-Masa within 6 years

“Diamonds of Anabar” JSC (in the structure of Alrosa) in 2018-2024 plans to mine 2.076 mln karats of placer crude diamonds out of sands at the Khara-Masa site in Yakutia.

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Vysochayshy might allocate 2.2 bln roubles for dividends-2016

The Board of Directors of Vysochayshy PJSC (GV Gold) recommends to direct 2.179 bln roubles for the payment of dividends, which is by 4.4% higher than in 2015.

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Aleksandrovsky Mine to allocate 60 mln rubles for search and exploration of gold

Aleksandrovsky Mine (Zapadnaya mining company) will invest 60-70 million rubles in geological exploration and prospecting works.

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