Russia, Metals and mining

In Q1, Polyus’ enterprises produced 450 thousand ounces of gold

In the first quarter of this year, the gold mining company Polyus significantly increased its rates of the mining, processed ore, as well as the precious metals production.

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Polyus to bring Natalka to its full capacity by June 2018

Polyus plans to bring Natalkinsky GOK to its designed capacity by June 2018, said managing director of RiM (included in Polyus) Grigory Koldunov.

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First stage of Boguchansk aluminium plant to be constructed in a year

The Boguchansk aluminium plant, a joint asset of Rusal and RusHydro, might double its capacities up to 300 thousand tons a year by 2018.

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Alrosa’s Board recommends paying dividends for 2016 in the amount of 65.76 bln rubles

The Alrosa’s Board of Directors has recommended its shareholders at the annual general meeting to make a decision to pay dividends for 2016 in the amount of 8.93 rubles per common share.

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In 2016, Vysochaishy increased its net profit under IAS 1.6 times

In 2016, the net profit of Vysochaishy (GV Gold) under IAS increased 1.6 times compared to 2015 to 6.415 billion rubles, the company reports.

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Russian Ministry of Natural Resources announces low efficiency of Alrosa’s geological exploration

The head of the Russian Ministry of Natural Resources Sergei Donskoy has stated that the Ministry fixed the low efficiency of the Alrosa’s exploration works.

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UC Rusal converts ruble part of its debt to Sberbank in dollars

In March 2017, UC Rusal converted the loan of Sberbank in the amount of 19.75 billion rubles in dollars.

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"Metalloinvest" to place 7-year Eurobonds worth $ 800 million at 4.85%.

"Metalloinvest" will place seven-year Eurobonds in the amount of $ 800 million with a yield of 4.85%, a source in banking circles informs.

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On the basis of the offer Metalloinvest to buy out Eurobonds worth $ 667.3 million with maturity in 2020.

According to the results of the offer, Metalloinvest will buy out Eurobonds with a maturity in 2020 for $ 667.271 million, the company informs.

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Kuzbass fuel company increased coal mining by 19% in Q1 – to 2.32 mln tons

In Q1 2017 Kuzbass fuel company increased coal production by 19% to 2.32 mln tons against Q1 2016, the company reports.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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