Metals and mining

RZD: Ferrous metals export via ports of Russia fell by 2.1% in January-May 2017

According to RZD statistics, in January-May 2017 ferrous metals export and import by railway made up 11.86 mln tons. The fall of rates in annual terms made up 0.3%.

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Norilsk Nickel has completed the modernization of the Talnakh processing plant

A large-scale modernization of the plant started in 2014 and included the construction of 2 start-up complexes as well as a significant volume of engineering objects.

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Lenzoloto might pay 11.88 mln roubles of dividends by privileged shares

The Board of Directors of Lenzoloto PJSC (in the structure of Polyus) suggests its shareholders directing 11.884 mln roubles for the payment of dividends-2016.

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SUEK-Kuzbass to launch the largest mine in Russia

SUEK-Kuzbass JSC (affiliate of SUEK, Kemerovo region) in 2017 will increase mining to 38 mln tons against the planned fall to 35.9 mln tons; in 2018- will launch the largest in Russia plant of unde

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Russia’s revenue from coal exports grew by 51.1% to $3.8 bln in January-April 2017

Russia’s revenue from coal exports grew by 51.1% to $3.833 bln in January-April 2017 compared with January-April 2016, the Federal Customs Service reports.

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Karabashmed to increase production by 50%

The Karabash copper making plant (in the structure of Russian Copper Company) plans to renew equipment and significantly increase crude copper output.

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Polyus prepares a road show

In the coming 2 weeks Polyus PJSC plans to hold a road show in the framework of offering of 7% of shares.

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Severalmaz plans the fall of profit by 13% in 2017

Severalmaz PJSC (in the structure of Alrosa) in 2017 plans to make 413.2 mln roubles of  net profit under RAS, which is by 13% lower than in 2016.

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Polyus assessed its reserves at 71 mln ounces of gold

Over a half of the total reserves is formed by the projects in the Krasnoyarsk region – Olimpiada and Blagodatnoe deposits.

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Heap leaching has been resumed at Birkachan

In 2017 it is planned to produce 125 kg of gold our of poor ore at the deposit.

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