The Russian Finance Ministry is in dialogue with the U.S. Department of Treasury and hopes that the sanctions against aluminum producer RUSAL will be abolished in 2019, Minister Anton Siluanov declared on December 25. “The key point here is that the proposals formed by the Office of Foreign Assets Control (OFAC) have been fulfilled. The…
Lead output in January-November decreased by 25.4% YoY, to 77.7 thousand tons. Lead concentrate mining dropped by 17%, to 331.6 thousand tons. Raw lead manufacture grew by 3.8%, to 142.1 thousand tons. Exports decreased by 34%, to 70.4 thousand tons valued at $161.8 million, down by 26.2%. The main importers of Kazakh lead are Vietnam…
The manufacture of tin concentrate in Yakutia will have reached 5.5 thousand tons by 2032. The government of the region intends to restore tin industry by developing tin deposits and commissioning the Tirekhtyakh alluvial site and Deputatskoye deposits. Yanolovo, the developer of the Tirekhtyakh, is negotiating investments with China. The site reserves are 68.4 thousand…
Since the start of the year Chelyabinsk Iron and Steel Works has shipped over 8 thousand tons of Z-sections. The products are supplied to the major car-manufacturers and repair plants in Russia and Belarus. ChMK mastered the manufacture of the Z-310 sections in January. The beam is produced of 2 steel grades with improved strength.…
Electrozinc has started unloading the unfinished products – cake and rotary oxides, as well as zinc-containing materials. For this the rotary and hydrometallurgical shops have been put into operation. 345 employees have been attracted to work. These products can’t be turned into sellable wares due to the fire destroying the electrolysis shop on October 21.…
Magadan region is one of the richest regions in Russia in terms of mineral deposits. It has the largest reserves of silver, and is in top-5 in gold reserves. This year Polyus Magadan will produce 35 tons of gold, which is the highest result so far. For next year the gold annual output level will…
Fitch Ratings has improved the long-term ratings of Polyus from BB- to BB with stable outlook. The improvement reflects strong operational results of Polyus, the decrease of the debt level and improved possibilities to generate money flow. The company has also noted Polyus output level and the resource base. (Ukrainian metal)
Russian Platinum has summed up its results for January-November. Yubileiniy GOK of Amur Zoloto LLC mined 74.6 thousand tons of ore. Yubileinaya factory processed 96.4 thousand tons of ore and 10192 tons of concentrate. The enterprise obtained 1037.8 kg of gold and 643.8 kg of silver. Perevalniy GOK mined 217.2 thousand tons of ore. The…