Russia: Fitch improves Polyus ratings

Fitch Ratings has improved the long-term ratings of Polyus from BB- to BB with stable outlook.

The improvement reflects strong operational results of Polyus, the decrease of the debt level and improved possibilities to generate money flow.

The company has also noted Polyus output level and the resource base. (Ukrainian metal)

Ukraine: 1.3 thousand tons of pipes sold to US in October 2018

According to the Department of Trade, in October US imported 28 thousand tons of construction pipes, up by 8.2% MoM, but down by 55.4% YoY.

Ukraine supplied 1300 tons of pipes.

Other sellers were Canada (16 thousand tons), Mexico (4800 tons), South Korea (1600 tons) and Taiwan (1100 tons). (Ukrainian metal)

Russia: Lena Zoloto exceed gold output plan in 2018

In 2018 Lena Zoloto LLC, developing alluvial gold sites in Irkutsk region, extracted 155.1 kg of the precious metal.

The target for the year was 120 kg, thus, it had been exceeded by 29.2%.

The company did not disclose its output in 2017. (Ukrainian metal)

Russia: Sever-Tech-Resurs gold output up in 2018

In 2018 Sever-Tech-Resurs LLC has obtained 163.2 kg of alluvial gold, up 1.7-fold YoY.

The target for 2018 was 100 kg.

The company, registered in September 2009, is operating in Magadan region.

So far Susumanzoloto enterprises have extracted 713.3 kg of gold. (Ukrainian metal)

Russia: Amur Zoloto gold produces 1432 kg of gold

In January-November Amur Zoloto, extracting gold in Khabarovsk region, yielded 1432.1 kg of gold. Ore gold accounted for the major part of the output. In particular, the Yubileyniy Mining and Processing Works processed 96.4 thousand tons of ore and 10.192 thousand tons of concentrate. Output totaled 1037.8 kg of gold and 643.8 kg of silver.…

Russia: Sayano-Partizansky pit reaches full capacity

In 2018 the Sayano-Partizansky pit, the only enterprise in Krasnoyarsk region extracting power-generating coal, has for the first time in its 15-year history reached full capacity of 1 million tons.

The anniversary ton was mined on December 21.

Coal output this year grew by 20% YoY. (Ukrainian metal)

Russia: NLMK to award scholarships to best MISIS students

NLMK Group, an international steel company, will establish personalized scholarships for the best students of MISIS National University of Science and Technology, and increase the number of on-the-job trainees from the University at its sites. NLMK and MISIS have signed a framework cooperation agreement, which will facilitate the training of qualified steelmaking professionals and contribute…

Kyrgyzstan: moratorium on alluvial gold mining proposed

It is proposed to introduce a moratorium on alluvial gold mining in Kyrgyzstan, the expert, co-founder of Chatkal Development Fund, Gamal Soronkulov, declared. According to him, the extraction of alluvial gold causes serious damage to the environment. “Since 2004, we have been fighting with alluvial gold mining companies. None can prove that they benefit, none…

Russia: Polymetal exchanges Tarutinskoye deposits

Polymetal International plc has completed the deal to exchange its Tarutinskoye deposits in Russia for an 85% share in the Vostochno-Tarutinskoye deposits in Kazakhstan without additional payment. The deal was announced on April 16. “The Vostochno-Tarutinskoye is a good addition to our Varvarinskoye enterprise, which will simplify operational management by removing difficulties with transferring ore…

Russia: NLMK Board approves corporate documents

At a meeting held on December 21, NLMK Group’s Board of Directors approved updated versions of its internal corporate documents (NLMK Group’s Anti-Corruption Policy, NLMK Group’s Corporate Ethics Code, Regulations on NLMK’s HR, Remunerations and Social Policy Committee, Regulations on NLMK’s Corporate Secretary, NLMK’s Corporate Governance Code). Updated versions of NLMK Group’s Corporate Ethics Code…