Russia: Polyus gold output up in 2017

In 2017 Polyus increased gold output by 10% YoY, to 2.16 million ounces (67.2 tons) mostly because of the increase of production at Olimpiada and Verninskoye deposits. The company forecast the output on the level of 2.075-2.125 million ounces of gold. Sales grew by 13%, to 2.158 million ounces, including 170 thousand ounces of gold…

Azerbaijan: Dashkesan Filizsaflashdirma 99% shares to be sold again

The State Committee on Ownership Issues has for the fifth time announced an investment competition to sell 99.22% of Dashkesan Mining and Processing Works (Dashkesan Filizsaflashdirma). The committee intends to sell 527.447 thousand shares with the nominal price of 2 manats per share. The total cost of the 5-year investment program, which the competition participants…

Russia: Chukotka coal output up in 2017

In 2017 Chukotka Autonomous District mined 445.3 thousand tons of coal, up by 93% YoY.

The considerable increase was reached thanks to the commissioning of the Fandyushkinskoye pole deposits in December 2016.

The license is owned by Beringpromugol LLC. Last year the company mined 255.88 thousand tons of coal there. (Ukrainian metal)

Ukraine: anthracite consumption down in 2017

Deputy Prime Minister of Ukraine Volodymyr Kistion says Ukraine in 2017 almost halved consumption of anthracite coal whose stocks in Ukraine are insufficient, having used 4.8 million tons of anthracite at its thermal power plants. “In 2017 Ukraine consumed slightly more than half of anthracite coal compared to 2016. If in 2016 we burnt 8.9…

Russia: coal exports up in 2017

Export of Russian coal in 2017 increased by 4% YoY, to 185.136 million tons, the Ministry of Energy said.

The commodity exports volume in December 2017 reached 15.082 million tons.

Coal mining in December 2017 amounted to 36.097 million tons, of which 32.821 million tons were delivered. (PortNews/Ukrainian metal)

Tajikistan: Zeravshan to resume operation

The joint Tajik-Chinese precious metals manufacturer Zeravshan is undergoing a reconstruction. “At present we are renewing the production line, thus mining has been suspended”, the company reported. Zeravshan is the largest precious metals miner in Tajikistan with the share of 70%. It was founded in 1994 on the basis of the gold-extracting factory, which began…

Russia: Russkiy Ugol coal output up in 2017

In 2017 the Russkiy Ugol Company mined 14.1 million tons of power-generating coal, up by 4% YoY. Krasnoyarsk region pits provided 6.5 million tons of coal, Republic of Khakasia – 4.2 million tons, and Amur region – 3.4 million tons. Pereyaslavsky pit in Krasnoyarsk region increased output by 8% YoY, to 5.6 million tons, while…

Russia: RZhD buys over 1 million tons of rails

In 2017 Russian Railroads purchased 1 million 56.3 thousand tons of rails. In particular, Evraz sold 719.8 thousand tons and Mechel – 329 thousand tons. Some 7.5 thousand tons were purchased from Aktyubinsk Rail and Beam Works (Kazakhstan). RZhD uses rails both for new construction and for repair. In 2016 RZhD purchased 947.7 thousand tons…