Russia Metals and Mining

Polyus plans to reduce CapEx to $600m in 2020-2022

Polyus plans to reduce capital expenditures to $600 million per year in 2020-2022, the company’s general director Pavel Grachev told the RIA Novosti on the sidelines of SPIEF.

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Severstal to supply special steels to Novatek

Severstal has agreed about future supply of special steels for Novatek’s projects on natural gas liquefaction. The agreement provides for reservation of production facilities.

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Outotec to supply equipment for Udokhan for 250 million euros.

Outotec will supply equipment for the mining and smelting plant at the Udokhan deposit (the Trans-Baikal Region), the RIA Novosti correspondent reports from the signing ceremony of the relevant doc

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Mangazeya plans to increase production by 74% in 2019.

Mangazeya Mining Ltd (the Mangazeya group of companies) plans to extract 1.5 tons of gold in 2019, which is 74% more than a year earlier, Sergey Yanchukov, the owner of the Mangazeya group of compa

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Andrei Kostin: Mechel has not yet applied for debt restructuring

Mechel hasn’t yet applied for debt restructuring, VTB’s general director Andrei Kostin said after annual shareholders' meeting.

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Sechin states that USA has gained control over UC Rusal using sanctions

The US administration, using sanctions, actually gained control over UC Rusal, head of Rosneft Igor Sechin said in the framework of the panel session of the St.

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MMK places 5-year Eurobonds for $500 mln

The Magnitogorsk metallurgical plant has opened a book of applications for five-year Eurobonds denominated in dollars.

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Dalenergougol receivs the third site of Ilyichevskoye deposit in Primorye

Far East Steam Coal (Dalenergougol), which develops the Ilyichevskoye coal deposit in the Primorsky region, was offered at auction 440 thousand rubles for a coal site in the Oktyabrsky district.

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Suek negotiates on acquisition of Krasnoyrsk state district power station-2 from Gazprom

According to the Kommersant’s information, Siberian generating company (SGK; controlled by Andrei Melnichenko’s Suek) wants to strengthen its position in coal generation of Siberia, buy

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Druza received 362 kg of gold at Nevskoue deposit since the beginning of the year

Since the beginning of the year, gold mining company Druza has produced 362.5 kg of precious metal, which is by 4% more than in January-May 2018.

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