Russia Minerals:Review and forecast of market development: Q3

In the first nine months of 2015, the Russian index of mineral resources mining grew by 0.3%, and the index of mining of metal ores increased by 1.6%. The index of metallurgical production and output of finished metal products fell by 5.7%.

In the non-ferrous metallurgy production the index decreased by 8.1% due to the reduced putput of products of increased technological readiness, delivered to the domestic market. The index of mining and enrichment of non-ferrous metals grew by 3.1%. The domestic demand for non-ferrous metals decreased by 20%, while the export grew by 1.7%.

According to the Russian Statistics Committee, in January-September 2015, the ore mining and production of gold concentrates decreased by 4.1%, the production of gold bullions - by 2.1%. According to the Ministry of Finance, the total gold production decreased by 0.6% to 215.868 tons, including primary production decreased by 0.7% to 173.82 tons, byproduct production - by 26.5% to 9.69 tons, and scrap production grew by 11.9% to 30.95 tons.