Russia Metals and Mining

Prospectors' team Kamchatka reduces plan to 10 kg of gold

The prospectors' team Kamchatka expects to produce at least 10 kg of gold this season.

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Petropavlovsk GC to spend 1.5 billion roubles into geological exploration in Buryatia

This is the amount of re-evaluation of gold reserves of the Talikitsky site, the license for which is held by the controlled by the group enterprise.

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In Q1, Mechel’s ChMK increased its net profit more than two times

In the first quarter of 2017, Chelyabinsk metallurgical plant (ChMK of Mechel) made the net profit under RAS in the amount of 950.3 million rubles, which is 2.3 times more than in the same period i

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UGMK to invest 4 bln roubles into development of Uralelectromed

Uralelectromed JSC (in the structure of UGMK) in 2017 plans to invest over 4 bln roubles into the development, which is by 1.8 times higher than the investment in 2016, UGMK reports.

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WSA: steel demand in the CIS to improve by 3.2% in 2017

According to the short-term forecast of the World Steel Association, in 2017, the world steel demand will improve by 1.3% to 1.535 billion tons after growing by 1% in 2016.

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In Q1, Alrosa reduced its profit under RAS 2 times

In the first quarter of 2017, Alrosa reduced its net profit under RAS 2 times compared to the same period of the previous year to 21.1 billion rubles, the company's report says.

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Coal exports from Russia to Japan rose by 16% in 2016 – to 18.5 mln tons

Coal export from Russia to Japan rose by 16% in 2016 against 2015 – to 18.54 mln tons, the Ministry of Energy reports.

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Polyus increased gold production by 17% in Q1 to 450 thousand ounces

In Q1 2017 Polyus increased the total volume of gold production by 17% to 450 thousand ounces against Q1 2016.

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In Q1, UC Rusal reduced aluminum production by 0.6%

In the first quarter of 2017, UC Rusal reduced its aluminum production by 0.6% to 910 thousand tons from 916 thousand tons in the same period in 2016, the company reports.

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UC Rusal is ready to build

The aluminum holding company of Oleg Deripaska UC Rusal for the first time since the crisis of 2008-2009, when the company had to refinance $16 billion of its debt, has announced a mega-project.

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