Russia: Rosgeologia starts gold prospecting at new site in Amur region

Far East PGO, a part of Rosgeologia, starts prospecting for gold at the Solovievskaya territory in Amur region.

The prospecting will last for 3 years, from Q2 2018 till Q4 2020.

The total size of the territory is 270 square km. (Ukrainian metal)

Russia: Elgaugol output up in Q1 2018

In January-March Elgaugol LLC mined 1.2 million tons of coal, up by 43% YoY. Coal processing increased by 21%, to 585 thousand tons. Sales totaled 962 thousand tons, up by 47%. “This year we had a good manufacturing start. The quarter results became the logical continuation of the successful operation last year”, the company managing…

Russia: Rusal switches from dollar to euro

Rusal has implied an emergency plan and asks its customers to pay in euros, not dollars, thus trying to avoid US sanctions. “The company has started a protection plan, just like Iran”, a source reported. Some years ago Iran used gold, oil and Japanese yen to pay for goods. Several Rusal clients have already started…

Russia: RUSAL’s board member Lader resigns on sanctions

Independent non-executive director of aluminum producer RUSAL Philip Lader has quit the board of directors due to the U.S. sanctions against the company, RUSAL said in a statement on the website of the Hong Kong Stock Exchange on April 10.

Earlier another member of the board of directors Ivan Glasenberg resigned. (Prime/Ukrainian metal)

Russia: Amur Zoloto produces 175 kg of gold in Q1 2018

In Q1 Amur Zoloto LLC produced 174.7 kg of gold.

In particular, the Yubileyniy Mining and Processing Works at the Krasivoye deposits processed 25.3 thousand tons of ore. The output totaled 173.4 kg of gold and 109.9 kg of silver.

In May the company will start working at the alluvial sites. (Ukrainian metal)

Russia: ZEMZ output up in February 2018

In February Zlatoust Electrometallurgical Works produced 1.64 thousand tons of corrosion-resistant bars, up by 90% YoY. Chromic rolled metal output increased 2.1-fold, to 564 tons, while that of nickel-containing metal – by 82%, to 1.08 thousand tons. In January-February stainless steel output totaled 3.3 thousand tons, up 2.1-fold YoY. Chromic rolled metal manufacture grew 2.6-fold,…