Russia Metals and Mining

Tulunugol has mined the 100-millionth ton of coal at Mugunskoye deposit

In May this year, Tulunugol Mine (owned by Vostsibugol) produced the 100 millionth ton of solid fuel at the Mugunsky production site.

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In Q1, export of Russian ferrous metals rise in value to $4.4 bln

In January-March 2017, Russian enterprises increased exports of ferrous metals by 1.3% compared to the same period in 2016 up to 10.3 million tons.

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Alrosa has extracted a raw diamond of 83.5 karats at Yubileynaya Pipe

Alrosa has extracted a large 83.5 karats raw diamond at the Aykhalsky mining and processing plant, the company reports.

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Board of Rusal has allocated $38.5 mln for completion of construction of Tayshet aluminium plant

The Board of Directors of Rusal has approved the completion of the construction of the Tayshet aluminium plant and allocated funds for the construction of the first stage of the plant, the company

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Net profit of Rusal grew by 48% in Q1 to $187 mln

The net profit of Rusal in Q1 2017 made up $187 mln, which is by 48% higher than in Q1 2016, the company reports.
The revenue rose by 20% to $2.297 bln against $1.914 bln in Q1 2016.

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Adjusted quarterly profit of Rusal is $ 263 million.

In Q1 2017 EBITDA of UC Rusal grew by 15% to $ 475 million, the company informs. Analysts surveyed by Interfax expected this figure to be at the level of $ 484 million.

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Subsoil Use Department in the Far East to hold three ore gold auctions in Magadan on June 29

The Department for Subsoil Use in the Far Eastern Federal District has appointed three auctions for gold ore occurrences in the Susuman district of ​​the Magadan region.

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Poltava GOK is a traditional leader on pellets export in Q1

The Poltava GOK (Ferrexpo Poltava Mining, FPM) in Q1 2017 is the leader on the export of iron ore pellets among the enterprises of the former USSR.

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Export of ferrous scrap metal from Russia to Belarus is down in April

In April 2017, according to the railway statistics, the export of ferrous scrap metal from Russia to Belarus made up 89.4 thousand tons.
This is by 3.8% lower than in March 2017.

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