Metals and mining

Polymetal significantly increased its proceeds and profit in 2016

Polymetal International plc has announced its preliminary results for the year, ended December 31, 2016.

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Pipe Innovative Technologies to supply pipes to Gazprom for 2.8 bln rubles

Gazprom has determined the winners of the tender for the supply of large diameter pipes for 3.744 billion rubles, this follows from the company's report.

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Geologists from Magadan have discovered gold at Khuglannakh site

The resource potential of the site by the preliminary data is assessed at dozens of tons of gold.

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Polymetal increases production volumes, but expects growth in costs

In 2016, the Polymetal's production made up 1.27 million ounces in gold equivalent and exceeded the production plan of 1.26 million ounces.

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Korshunovsky GOK updates equipment at its site

Since the beginning of the year, Korshunovsky mining plant (GOK, a part of Mechel) has installed four magnetic separators at the enrichment plant.

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Nordgold has held delisting from LSE

The GDRs of Nordgold of A. Mordashov were delisted from the official list of the London stock exchange.

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Severny GOK reduced pellets production by 11% in January-February 2017

On the result of the railroad blocking leading to Donbass, the Severny GOK froze a half of its pelletizing machines. It will lead to the reduction of production results of the plant.

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Vysochaishy wants to get state support

At the meeting of the Investment Council under the government of the Irkutsk region with the participation of Governor Sergei Levchenko, three projects were presented, including one in the field of

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Net profit of Norilsk Nickel under RAS fell to 122.77 bln roubles

The net profit of Norilsk Nickel under RAS for 2016 fell by 16% against 2015 to 122.77 bln roubles, the company reports.

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In 2016 Alrosa's net profit attributable to shareholders increases by 4.3 times to 131.4 billion roubles.

In 2016 according to the International Financial Reporting Standards (IFRS) the net profit of Alrosa attributable to shareholders increased by 4.3 times and amounted to 131.4 billion roubles compar

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