Russia: Evraz and VEB.RF to create JV over Sibuglemet

Russian state development corporation VEB.RF and mining giant Evraz may create a joint venture basing on coal producer Sibuglemet. VEB.RF may contribute Sibuglemet to the joint venture to get a 25% stake, while Evraz may obtain a 75% stake after contributing coal producers Yuzhkuzbassugol, Raspadskaya, and Mezhegeiugol. According to a source familiar with a top…

Russia: tin to be mined in Yakutia

The manufacture of tin concentrate in Yakutia will have reached 5.5 thousand tons by 2032. The government of the region intends to restore tin industry by developing tin deposits and commissioning the Tirekhtyakh alluvial site and Deputatskoye deposits. Yanolovo, the developer of the Tirekhtyakh, is negotiating investments with China. The site reserves are 68.4 thousand…

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)