Silver, Metals and mining

In 2016, investors spent 5 bln rubles on Kamchatka mining projects

In 2016, the investments in the mining industry and the extraction of minerals in Kamchatka exceeded 5 billion rubles.

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In January-February, Chukotka reduced gold production to 3.5 tons

In January-February of this year, subsoil users of the Chukotka autonomous district produced 3.577 tons of gold.

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As of January 1, Polymetal’s ore reserves of gold estimated at 17.6 mln ounces

As of January 1, 2017, the estimated gold reserves at Polymetal International’s fields under international standards decreased by 1% compared to the previous year to 17.6 million troy ounces

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Technogenic deposits in the Magadan region planned to be developed

The Deputy Chairman of the Magadan region’s government Igor Ozimok has held a meeting of working group on improvement of federal legislation in the sphere of subsoil use.

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KAZ Minerals to produce 250-260 thousand tons of copper in 2017

KAZ Minerals published production activity and audited financial results for 2016.

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Russia can suspend import of ores from North Korea

The Russian Ministry of Foreign Affairs has prepared a draft presidential decree which would tighten sanctions against North Korea.

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Kazakhstan reduced silver export by 9% in 2016

However, Kazakhstan earned by 21.2% more on the export of silver.
After a significant growth by a third in 2015, silver producers reduced the export by 9.6% in 2016.

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Gold mining in Kolyma might exceed 30 tons

In January 2017 the Magadan region produced 930.8 kg of gold and 60.4 tons of silver. This is by 223.8 kg higher than in January 2016.

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Russia Platinum reduced extraction

On the results of 2016 Russia Platinum reduced platinum and silver production having increased gold production.

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“Gold of Kamchatka” increased gold mining by more than twice in 2016

“Gold of Kamchatka” JSC (in the structure of Renova GC) in 2016 increased gold mining by 114% against 2015 to 175.25 thousand ounces (5,451 kg), silver – by 309% to 247.35 thousan

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