Russia: RHI Magnesita to build plant in Krasnoyarsk region

Austria’s RHI Magnesita may invest 250-300 million euros in a magnesite field and construction of an electro-cast magnesium plant in Russia’s Krasnoyarsk region, the region’s government said in a statement on October 16 following a meeting of the governor Alexander Uss with representatives of the Austrian company. “RHI Magnesita is considering investing about 250-300 million…

Azerbaijan: aluminum production to grow

Azerbaijan Industrial Corporation (AIC) OJSC is preparing a strategy to expand aluminum production, the general director of the AIC Kamran Nabizade declared. “Presently, the Ganja aluminum plant, which is on our balance sheet, produces 50,000-55,000 tons of aluminum products annually, mainly aluminum ingots and sheets. A new strategy is being prepared to increase the range…

Russia: Polyus gold output up in Q3 2018

The gold production of Russia’s Polyus increased by 15% QoQ, to 691,200 ounces in July-September, the company said in a statement on October 16.

In January-September the output rose by 14% YoY, to 1.8 million ounces.

Sales amounted to $2.112 billion at the average price of $1.275 per ounce. (Prime/Ukrainian metal)