Russia: Chukotka silver output down in Q1 2019

In January-March, Chukotka Autonomous District extracted 5315 kg of gold, almost unchanged YoY. Silver output dropped by 6.6%, to 25.6 tons. At present 5 enterprises are mining gold in the region: Chukotka Mining and Geological Company, Severnoye Zoloto LLC, Mayskoye LLC, Rudnik Karalveyem and Rudnik Valunistiy LLC. Alluvial gold extraction will last from May till…

Russia: metal and mining products Far Eastern railroad throughput up in March 2019

In March, Far Eastern Railroad transported 4.27 million tons of cargo, up by 1.8% YoY.

In particular, iron and manganese ore transportation grew by 9.3%, to 533 thousand tons, and metal wares – by 22.4%, to 290 thousand tons.

At the same time transportation of coal decreased by 5.8%, to 4.596 million tons. (Ukrainian metal)

Russia: Sibantrazit revenue up in 2018

In 2018 Sibantrazit enterprises (Sibirsky Antrazit, Razrez Vostochniy LLC and Razrez Kiyzasskiy LLC) mined 24.1 million tons of coal and sold 23.7 million tons.

The group revenue reached 132.8 billion rubles, up 1.9-fold YoY.

Taxes paid amounted to 12.5 billion rubles, with profit tax accounting for 8.4 billion rubles. (Ukrainian metal)

Russia: Polyus gold reserves down in 2018

The gold ore reserves of Russia’s Polyus fell by 4.7%, to 64.4 million ounces as of December 31, 2018, as calculated under the JORC Code, the company said.

Mineral resources rose by 0.8%, to 191.5 million ounces. (Prime/Ukrainian metal)

Ukraine: coal imports down on Q1 2019

In January-March Ukraine imported 5.25 million tons of coal, down by 8.6% YoY. According to the State Fiscal Service, the value of the imported coal was $740.09 million, down by 2.7% YoY. In particular Russia supplied $476/95 million worth of coal (or 64.45%), USA – $212.57 million (28.72%), Kazakhstan – $31.07 million (4.2%) and other…