Russia: export coal rail traffic up in H1 2017

Rail transportation of coal exported from Russia in January-June increased by 16.4% YoY, to 94.8 million tons. The railway transport statistics show that the largest coal exports volume was hauled to the Far East regional ports and border crossings points. According to Rosstat, in the first half of 2017 coal production in Russia increased by…

Russia: Polyus gold output up in H1 2017

In January-June Polyus increased gold output by 12%, to 938 thousand ounces (29.17 tons), mostly thanks to the growth of manufacture at Olimpiada and Verninskoye deposits. Gold sales increased by 17%, to 983 thousand ounces, including 71 thousand ounces in concentrate from Olimpiada. Sales revenue reached $1.217 billion, up by 14%, at the average price…