Russia mineral extraction

Russia. Gold production is down 3% in Jan-March, Rosstat

Russia reduced ingot gold production in January-March 2016 by 3% year-on-year, Rosstat reports.
Palladium and palladium-based alloys production increased by 27.8%, platinum and alloy production – by 32.2%.
Gold-containing ore and concentrate production increased by 5% in January-March 2016. Natural rough diamond production reduced by 1.5%.

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The demand for lead increases

Crude lead production increased by 10.9% in January-March 2016. It is stated in the materials of the Federal State Statistics Service.

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Russian Platinum to produce over 1.6 tons of gold in the Khabarovsk region

Russian Platinum intends to reach the production volume of more than 1.6 tons of gold ore per year in the Khabarovsk region in the medium term, the company reports to the Prime.
"The ore gold will be produced at Yubileiny and Perevalny GOKs, - the agency’s interlocutor explained – The task is to exceed the level of 2011, when 1659 kg were mined, in the future. Then, we plan to begin the design Malyutka GOK for open mining operations. So, the potential of the production is significant".

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Gazprombank assists Mechel, buying the company’s debt from Sberbank

Sberbank has partially given Mechel’s debt at 31.5 billion roubles to Gazprombank. Sberbank stated about it on April 15, 2016. The deal was clinched on April 14, 2016.
Sberbank expects full redemption of debt from Mechel in accordance with the confirmed terms of restructuring.
Gazprombank takes active part in the life of Mechel.

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In Q1 Polymetal decreases gold production by 9%.

In Q1 2016 Polymetal Int <POLY> (combines the assets of JSC "Polymetal"), gold production decreased by 9% to 169 thousand ounces (5.257 tonnes), silver - has increased by 6% to 7.2 million ounces (224 tons) compared to the same period of 2015, according to a quarterly report of the company.
In January-March Polymetal produced no copper, while a year earlier withinin the same period the production of copper amounted to 438 tons. Total production in terms of gold equivalent in the reporting period decreased by 4% - to 260 thousand ounces (8.1 metric tons). 

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In January-March, Polyus increased gold production by 9%

In the first quarter 2016, Polyus Zoloto increased its gold production by 9% as compared to the same period in 2015 to 384.3 thousand ounces (11.953 tons), the company reports.
As compared with the fourth quarter of 2015, the gold production fell by 18% due to the seasonality of the production at alluvial deposits. In the first quarter of 2016, the average recovery factor at all deposits made up 84%, while at the Olympiada it reached 80.2%.

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In Q1, coal mining in Kemerovo region grew by 6%, and export supplies fell by 2%

In the first quarter of 2016, the coal production in the Kemerovo region increased by 6.3% (3.2 million tons) as compared to the first quarter of 2015 and amounted to 53.8 million tons, the regional department of the coal industry reports. 
In the first quarter of 2016, 15 million tons coking coal were produced, which is by 0.3 million tons more than in the first quarter of 2015.

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From April 14, Rusal Bratsk starts bookbuilding for bonds at a rate of 10 billion rubles with the placement date of April 19

On April 14 from 11:00 until 16:00 (GMT + 3), Rusal Bratsk holds bookbuilding for 10-year bonds of series BO-01 at a rate of 10 billion rubles. The technical placement is planned for April 19. It will be held by public subscription.
The first coupon rate is oriented to 12.75-13% per annum, a source in the banking area reports to Interfax-AFI. It meets the 3-year offer at a rate of 13.16-13.42% per annum. Technical placement of the issue was awaited within a week starting from April 18, the source claims.

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Kuzbass produced 53 mln tons of coal in Q1

Coal production in Kuzbass made up 53.8 million tons in January-March 2016 (+3.2 y-o-y).
There was produced 15 million tons of coking coal, they stated in the department. About 51.3 million tons of coal was shipped during three months, including 29 million tons for export.

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Russian Govt may support production of alloy raw materials

The Russian Ministry of Natural Resources has offered a range of state benefits for development of deposits, providing Russian steelmakers with alloy raw materials to reduce their dependence on imports (more than $500 million per year). Thus, the Ministry proposes to nullify the severance tax for new projects, to use the Federal State Reserve Agency’s purchases to support the demand, to decrease tariffs of monopolies. A number of manufacturers welcome the idea of ​​the state support, but the position of metallurgists is more cautious: according to sources of the Kommersant, the imported alternative holds back prices of the Russian raw materials suppliers.
The Ministry of Natural Resources has proposed to support the development of deposits of solid minerals that are important to reduce dependence on imports of iron and steel on account of the budget; this follows from the letter of the Deputy Minister, head of Rosnedra Evgeny Kiselyov dated April 8 to the Ministry of Industry. The Ministry prepared the proposals on behalf of the Deputy Prime Minister Arkady Dvorkovich, who held a meeting with steelmakers in February.

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