Russia Metals and Mining

In January-March, Polyus Gold increased gold production by 6%

In the first quarter 2015, Polyus Gold Int increased its gold production by 6% as compared with the same period in 2014 to 353 thousand ounces (11 tons), Polyus reports.
As compared with the fourth quarter of 2014, the gold production fell by 22% due to the seasonality of production at alluvial deposits.
 

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TMK opens credit line for 17.5 billion rubles in VTB

On April 24, TMK Pipes (TMK) signed a loan agreement with VTB Bank, the metallurgical company reports.
The transaction amount in monetary terms makes up 17.5 billion rubles, taking into account the maximum possible rate of interest on the loans.

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NLMK may increase its dividends for 2015 3.6 times

And it has proved this: last Friday the NLMK’s Board of Directors adopted a new dividend policy, the company reports.

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In Q1, export of ferrous metal grew by 11%

In January-March 2015, the volume of ferrous metals transportation by Russia Railways’ network in the export direction made up 6.6 million tons, and the volume of domestic traffic - 11 million tons. The growth of the rates in annual terms made up 11.2% and 2.2%, respectively, RZD-Partner reports.

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Atomredmetalzoloto asks to zero MET on uranium mining

Atomredmetalzoloto (ARMZ, uranium holding company of Rosatom) tries to get tax breaks for its deposits, the cost of production at which is 1.5 times higher than the market price. The holding company asks to create a territory of priority development in Krasnokamensk in the Transbaikal region and to zero MET on uranium mining. For a while, only oil and gas companies achieved the zero MET.
On Friday, during a round table on the problems of the nuclear industry in the Federation Council, representatives of ARMZ raised the issue of tax breaks for uranium mining. According to general director of the company Vladimir Verkhovtsev, the Krasnokamensk Priargunskoe mining and chemical plant (PPGKhO) developed the majority of reserves with high uranium content, it needs a new, the sixth mine, investments in which are estimated at 30 billion rubles. But ARMZ required benefits, in particular the introduction of zero tax rate on the uranium mining in 2016-2020, which will increase the financial resources of mining companies to 500-600 million rubles per year. Also the Krasnokamensk district, where PPGKhO is located, is recommended to be included in a list of territories of priority development that is supported by the Coordination Council for socio-economic development of the Baikal region under the presidential envoy in the Siberian Federal District.

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Ukrainian titanium GOK of Group DF increased production.

Ltd. "Rolls-Ilmenite" and Ltd. "Mejdurechenskiy GOK" (both in Zhytomyr region, part of Group DF) significantly increased the production of ilmenite concentrate in 2014.
Production at the "Rolls-Ilmenite" increased by 13 tons (+ 30%) to 56.3 tons. Mejdurechenskiy GOK increased the production almost twice to 145 thousand tons, while in 2013 it produced 73.6 tons, Group DF informs.

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SEZ "Alabuga" attracts new plastics processors.

5 new projects of resident companies were approved by the expert council of the RF Ministry of Economic Development on special industrial economic zones. Also new investments on the part of the already existing SEZ resident were approved. The total investment in the examined projects is up to 30 billion roubles.
The Chinese company Shandong Yuanda steel science & technology Ltd will build on the territory of the special economic zone "Alabuga" a plant for the production of galvanized steel and galvanized steel with polymer coating with the production capacity of 500 thousand tons per year. LLC "ABC Steel" - a subsidiary of the Chinese corporation received status of SEZ resident.

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Timchenko has announced plans to sell its stake in "Kolmar" to the Chinese.

Volga Group of the Russian billionaire Gennadiy Timchenko plans to sell its stake in the coal company "Kolmar" to investors from China, "Interfax" informs.
"I'm waiting for the Chinese", - Timchenko stated in response to a question about the possible sale of his stake in "Kolmar". The billionaire added that the minority owners of "Kolmar" might also sell their shares to the Chinese.

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In Q1, Severstal improved its financial situation

Devaluation of the ruble and increase in domestic prices for Severstal’s products have had a positive impact on the financial condition of the company. The total debt Severstal decreased by 15.5% as compared to the previous quarter to $2.899 million. The reduction of the total debt by more than $500 million partly reflects the redemption in February 2015 of previously issued Eurobonds in the amount of $221 million in accordance with the public offer on repurchase of eurobonds maturing in 2016 and 2017.
The guaranteed unused funds under the open credit lines increased to $688 million after payment of $300 million of short-term debt in the first quarter of 2015.

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In January-March, SUEK’s enterprises produced 24.7 million tons of coal

In January-March, enterprises of Siberian Coal Energy Company produced 24.7 million tons of coal. In comparison with the same period of the previous year the decline in production was 2%.
One-third of the SUEK’s total production was provided by enterprises in the Krasnoyarsk region - branch of SUEK-Krasnoyarsk Borodinsky mine n.a. M.I. Shchadov, Berezovsky open-pit mine, Nazarovsky open-pit mine. In comparison with the same period of the previous year Krasnoyarsk enterprises of the company produced by 9% more coal.

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