Russia, Russia Metals and Mining
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.
Polyus plans to bring Natalkinsky GOK to its designed capacity by June 2018, said managing director of RiM (included in Polyus) Grigory Koldunov.
The Boguchansk aluminium plant, a joint asset of Rusal and RusHydro, might double its capacities up to 300 thousand tons a year by 2018.
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.
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.
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.
In March 2017, UC Rusal converted the loan of Sberbank in the amount of 19.75 billion rubles in dollars.
In Q1 2017 Kuzbass fuel company increased coal production by 19% to 2.32 mln tons against Q1 2016, the company reports.
The amount of dividends was recommended as 60% of the free cash flow taking into account the profit from the sale of the package of shares of Fortescue Metals Group.
In 2016, the subsoil users of the Arkhangelsk region mined about 6 million carats of diamonds, which is by 11% more than in the previous year, this follows from the words of the Governor of the Ark