Russia Metals and Mining

MMK upgrades its mill for rolling sections

The Magnitogorsk Metallurgical Plant signed an investment contract with Danieli & Officine Meccaniche S.p.A. on the modernization of a two-strand mill at the 170 sort shop.

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Polyus and Chinese Fosun terminate the agreement on the sale of shares

Polyus and Fosun have terminated agreement on the sale of shares, the Russian company said on its website posted on the London Stock Exchange website.

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Final annual volume of gold production in Kolyma is 33 tons

Government of the Magadan region has voiced new final figures for gold mining in the region last year.

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In 2017, Polyus increased gold production by 10%

In 2017, Polyus increased its gold production by 10% to 2.16 million ounces (67.2 tons), mainly due to growth in production at the Olympiada and Verninskoye deposits, the company reported.

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Magadan Silver gold recovery plant begins to process Verkhne-Menkeche ore

JSC Magadan Silver (part of Polymetal) began to process ore from the Verkhne-Menkeche deposit belonging to GeoProMining.

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Almost 23 tons of gold are mined in the Irkutsk Region in 2017.

In comparison with 2016, the extraction of precious metal increased by 1.3%.

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Polymetal begins to process the Yakut ore GPM.

JSC "Silver Magadan" (part of Polymetal) intends to process 45 thousand tons of ore from the Verkhnee-Menkeche Yakut silver-polymetallic deposit, the license of which belongs to LLC GeoPr

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ARMZ Uranium Holding Company summarizes results of its work in 2017.

In 2017 Atomredmetzoloto (ARMZ uranium holding, part of Rosatom) demonstrated stable operation.

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In the first 11 months of last year, import of flat products from the CIS countries grew by 40%, pipes – by 30%

In January-November 2017, the share of metals and products from them in the commodity structure of Russian imports from non-CIS countries made up 5.7% (in January-November 2016 - 5.4%).

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Severstal starts supplying reinforcement for construction of nuclear power plant in Turkey

Severstal has begun delivering unique reinforcing bars - ArmAnorma (A600S) - for construction of the Akkuyu nuclear power plant (Turkey), the company's press centre reports.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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