Metals and mining

Magadan region plans to produce up to 50 tons of gold per year

The Magadan region plans to reach the production level of 50 tons of precious metal by 2025, this became possible due to the commissioning of the largest ore deposits of gold in the country, the Ko

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Fitch confirms NLMK's rating at BBB-

The international rating agency Fitch Ratings has confirmed the long-term issuer default rating of NLMK (MCX: NLMK) at the level of ВВВ-.

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In July, Southern GOK increased iron concentrate production

In July 2017, the Southern ore mining and processing enterprise (YuGOK, the Ukraine) increased the iron ore concentrate production by 13.8% to 1.052 million tons compared to the same period in 2016

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Fitch confirms Severstal's rating at BBB-

The international rating agency Fitch Ratings has confirmed the long-term issuer default rating of PJSC Severstal (MCX: CHMF) at BBB-.

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Amurgeologiya to assess prospects for gold and rare earth metals at sites in the Amur region

Specialists of Amurgeologiya (a part of Rosgeologiya) start works at a new site in the Amur region, where gold and rare earth elements can be found, Rosgeologiya reported on Monday.

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Alrosa to adjust production plan for 2017 because of accident at the Mir mine

In August, Alrosa intends to adjust the production plan for 2017 because of the accident at the Yakutian mine of Mir.

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In September Rostekhnadzor to conduct large-scale inspection of ALROSA

In September Rostekhnadzor is to conduct a large-scale inspection of ALROSA, including hazardous production facilities of the company.

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Altai-Koks increases production

In H1 2017 Altai-Koks (part of NLMK Group) produced 2.04 million tons of coke in dry weight, which is 5% higher than the result of the same period of the previous year.

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In the first 7 months of this year, the Ukraine spent almost $1.5 bln to buy coal against $792 mln a year earlier

In January-July 2017, the Ukraine imported 9 457.851 thousand tons of coal and anthracite coal for $1 472.151 million, including in July - for $213.644 million.

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Over 290 thousand ounces of gold produced at Kupol in H1

In the first six months of 2017, Kinross Gold produced 289.391 thousand ounces of gold equivalent at the Kupol and Dvoinoy deposits in the Chukotka autonomous district, the company reports.

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