Russia: Kamchatka coal output down in 2018

In 2018 Kamchatka region mined 20 thousand tons of coal, down by 7% YoY. At present only one company is developing coal deposits in the region – Palana-Ugol LLC. It is developing the Palanskoye coal deposit. And the mining volume directly depends on customer orders. Last year Kamchatka imported 60 thousand tons of coal. (Ukrainian…

Russia: UMMC signs debut EUR 100-million PXF syndicated loan

Ural Mining Metallurgical Company (UMMC), one of the top Russian producers of copper, zinc and other precious metals, has signed a debut EUR 100-million syndicated loan. Mandated Lead Arrangers, Bookrunners and Lenders are Raiffeisen Bank International AG, AO Raiffeisenbank, PJSC Rosbank and Societe Generale. Raiffeisen Bank International AG and AO Raiffeisenbank acted as documentation agent…

Russia: RUSAL and the Ministry of Health announce completion of the vaccination against Ebola

UC RUSAL together with the Ministry of Health of the Russian Federation, announced the completion of the vaccination against the Ebola virus in the Republic of Guinea. Two thousand people have received the GamEvac-Combi vaccines during the testing program conducted in Guinea at the Scientific Diagnostic Center for Epidemiology and Microbiology (SDCEM). The center was…

Russia: GV Gold’s output up in 2018

Gold output of GV Gold rose by 36%, to 304,300 ounces in 2018 thanks to higher efficiency on all facilities and as the plants on Taryn and Ugakhan reached their design capacity, the company said in a statement on January 28. Sales grew by 37%, to 299,000 ounces with the average price amounting to $1,255…

Kazakhstan: copper ore mining up in 2018

Over the past year, mining of copper ore rose by 8.2% YoY, to 103.2 million tons. The country produced 12.9 million tons of copper concentrates (+15.7%), 4.8 million tons of copper-zinc ores (-4.2%), and 580.6 thousand tons of copper in copper concentrate (+15.5%). The main copper ore miners are East Kazakhstan (37% of the total…