Russia mineral extraction

Investments in coal industry of Russia grow 1.5 times

Last year, amount of investments in coal enterprises of the Russian Federation showed an increase of 45.6% compared to the indicator of 2017, reached the level of 150 billion rubles.

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In 2018"Polyus" reduces profit under IFRS by 62%.

According to the results of 2018, the net profit of PJSC Polyus in accordance with IFRS dropped to $ 474 million from $ 1.24 billion in 2017, the company informs in a statement.

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1,665 kg of gold is extracted by Chukotka in January 2019.

At the moment five enterprises extract the precious metal in the region.

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Authorities: decline in gold production in Kamchatka by 21% had no impact on tax revenue

The production of gold in Kamchatka has decreased by 21% to 5.4 tons, in particular, due to depletion of reserves and the suspension of the operations of a gold recovery plant at the Aginsy mining

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Polymetal increases Mayskoye gold stocks by 55%.

As of January 1, 2019 the field’s reserves are 2.2 million ounces.

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Production figures of PJSC "Vysochaishiy" for 2018.

Within a year the company mined 9.46 tons of gold (this is almost 2.5 tons more than a year earlier) and gained one place (6th place) in the ranking of the leading gold mining companies of the Russ

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In 2018, Vostsibugol increased coal production by 12.3%

In 2018, Vostsibugol (controlled by Irkutskenergo), which develops coal deposits in the Irkutsk and Krasnoyarsk regions, provided production of 15.5 million tons of coal that is by 12.3% more than

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Primorsky GOK increases mining of tungsten ore

Primorsky mining and processing plant (GOK) and AIR mining company have summed up results of their operation in 2018.

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In January, Ugakhan produced almost 190 kg of gold

In January 2019, gold mining company of the Irkutsk region GRK Ugakhan (part of Vysochaishy) produced 187.7 kg of the precious metal.

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The Ministry of Finance proposes not to take VAT on gold bullion.

When selling the ingot back to the bank, the tax amount to the investor is not refunded.

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