Russia: new gold filed found in North Osetia

Prospectors have discovered a new promising gold-quartz-sulfide and gold-quartz Baukomskaya field in the mountainous parts of the Zakkadon River valley in the Republic of North Osetia – Alania. The R3 reserves on the area of 18 square km are estimated at 213 tons with gold content of 1.78 g per ton. The R1 potential could…


Russia: Evraz output down in Q3 2019

In July-September Evraz decreased steel output by 3.4% QoQ, to 3.38 million tons. In North America sales dropped by 13.2%, to 427 thousand tons. In 9 months the figure grew by 1.9%, to 1.421 million tons. Overall steel output in January-September increased by 4.5%, to 10.366 million tons. Steel sales in Q3 went up by…

Russia: Plamya gold output down in 2019

This year the Plamya miners team, operating in the Republic of Sakha, extracted 170 kg of alluvial gold, down by 110 kg from the target. The output decreased because of the thinning of reserves at licenses sites and the late start of the washing season. The company operated at the Komagin and Sygynakh sites from…

Russia: MMK profit down in Q3 2019

In July-September MMK received $271 million of profit, down by 32% YoY. Revenue dropped by 4%, to $2.009 billion, and EBITDA – by 22%, to $525 million. In January-September profit decreased by 28% YoY, to $768 million. Revenue fell by 6.5%, to $5.844 billion, and EBITDA – by 22%, to $1.462 billion. (Ukrainian metal)