Russia Metals and Mining

ChTPZ buys 35% of its own shares in order to reduce authorised capital

The Chelyabinsk Pipe Rolling Plant has acquired a part of its own shares in order to reduce the authorised capital, it follows from the company's announcement.

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Coal mining in Russia up by 1.2% in January-April

In January-April 2019 coal production in Russia increased by 1.2% compared with the figure for the same period last year and amounted to 144.244 million tons.

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Susumanzoloto reduces profit under IFRS by 30%

By the end of 2018, the largest gold mining company in the Magadan region, OJSC Susanzoloto, reduced profit by 30.1%, to 1,261 billion rubles.

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Fitch raises rating of Metalloinvest to BB+ with stable outlook

Metalloinvest has reported that international rating agency Fitch Ratings upgraded the company's corporate rating to BB+ with a stable outlook from the level BB/positive.

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Mangazeya increases gold production to 27.7 thousand ounces

In 2018, Mangazeya Mining Ltd, which develops gold deposits in the Trans-Baikal region, increased gold production by 13.9% to 27.7 thousand ounces of gold.

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Turkey not to protect itself from Russian steel

Turkey, the largest export market for Russian steelmakers, has decided not to introduce special protective measures against supply of steel products from Russia.

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Polyus Aldan produces 2 tons of gold at Kuranakh.

The company expects to produce 6 tons by the end of the year.

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Rosgeologiya identifies gold-bearing zones in Chukotka.

JSC North-Eastern production geological association (part of Rosgeologiya) identified several potentially gold-bearing zones within the Zolotogorskaya area in the Chukotka AD, Rosgeologiya reports.

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Burytzoloto registers licenses for development of Irokinda and Zun-Kholba to its subsidiaries

The Board of Directors of Buryatzoloto (part of Nordgold), which develops the Zun-Kholba and Irokinda deposits in the Republic of Buryatia, has decided to renew licenses for the development of the

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Polyus to reduce dividends of '18 to 143.62 roubles per share.

The shareholders of Polyus decided to allocate 143.62 roubles per ordinary share for the payment of final dividends for 2018, which is 2.4% lower than payments per share for 2017, according to the

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