Russia: Petropavlovsk gold output down in Q1 2018

In January-March Petropavlovsk Plc decreased gold output by 5% YoY, to 112.556 thousand ounces (3.5 tons). According to the company statement, gold sales dropped by 5%, to 112.244 thousand ounces. The average price grew by 4%, to $1295 per ounce. This year the company intends to obtain 420-460 thousand ounces of gold. Petropavlovsk Plc is…

Russia: Evraz Ukraine head transferred to Ural

Denis Novozhenov, who headed Evraz Ukraine, was appointed the director of the Ural division. “The division unites Nizhniy Tagil Iron and Steel Works and Kachkanarsky Mining and Processing Works. Novozhenov will continue developing Evraz assets in Sverdlovsk region according to the group strategy”, the company said. Novozhenov has been working at Evraz since 1996. This…

Russia: Amurmetal to turn into Amurstal

D-Steel (Italy) specialists have started working at the only steel works in the Far East – Amurmetal. According to the plant CEO Sergey Kuznetsov, soon the company will double rolled metal output and improve rebars characteristics. “The reconstruction of the bar-rolling shop will be carried out in several stages. The first stage will increase furnace…