Russia: Khabarovsk krai yields 17.6 tons of gold

In January-September Khabarovsk krai obtained 17.588 tons of gold, up by 19.1% YoY. In particular, ore gold amounted to 13.891 tons, and alluvial gold – 3.696 tons. Silver output totaled 47.282 tons, up by 41.8%. Gold output increase was due to Svetloye LLC (Polymetal), Mnogovershinnoye (Rusdragmet LLC) and Amur Zoloto (Russian Platinum). Okhotskaya Mining and…

Russia: Q3 2017 NLMK Group trading update

In July-September steel output grew to 4.4 million tons, by 6% QoQ and by 8% YoY, due to increased output at NLMK’s Russian divisions driven by the seasonal uptick in demand on the Russian market. Group sales grew by 1% both QoQ and YoY, to 4.24 million tons. Key growth factors: seasonal growth in demand…

Kyrgyzstan: Jerui development postponed

Russian Platinum has postponed the start of the Jerui deposits development for 2 years. According to the license, this year a gold-extracting factory should have started operation at the site. But Russian Platinum just starts preparation works. For the delay the company will be fined $100 thousand each month. Jerui was supposed to yield some…