Metals and mining
In the first two months of this year, Buryatugol, which develops the Zagoustaiskoye and Daban-Gorkhonskoye deposits in the Republic of Buryatia, mined 90 thousand tons of coal.
The amount of the investments that the Ministry of Natural Resources attracts within the declarative principle is about 28 billion, it is in principle comparable with state funding.
Meanwhile the company’s affiliates will extract only hardrock gold.
The largest gold mining company in Russia, Polyus, has signed an agreement to sell its 82.34% stake in the South Verkhoyansk Mining Company (SVMC), which holds a license for exploration and product
In 2017, Varvarinskoye (a part of Polymetal) plans to produce 3.8 tons of Dore alloy, which is by 73% more than in the previous year, the company's general director Alexander Simon reported.
The Federal Agency for Subsoil Usage will hold an auction on the buried placer in the Ust-Yansky district of the Republic of Yakutia (Sakha).
According to the forecast of UC Rusal, in 2017 the world aluminum market expects the deficit in the volume of 1.1 million tons and 5% increase in the demand.
The Krasnoyarsk aluminium plant reduced the emissions into the atmosphere by 30% and plans to cut them by another 8% by the end of 2018.
The Ministry of Energy of Russia forecasts coal mining growth by 0.3% in 2017 against 2016 – to 387 mln tons, the agency reports.
Polymetal International plc has presented updated geological survey data for the year ended on December 31, 2016 and an updated assessment of ore reserves and mineral resources in accordance with t