Russia: Yakutia gold output up in 2016

In 2016 Yakutia mined 23.653 tons of gold.

The annual target was 23.5 tons of gold. The decrease of the target is explained with the planned indexes of local gold-miners.

This year Yakutia expects to mine 22-23 tons of gold. (Ukrainian metal)

Kazakhstan: gold output down in 2016

In 2016 Kazakhstan produced 74.6 tons of unwrought and semi-wrought gold, down by 17.1% YoY. The share of fine gold made more than half (37.7 tons) of the produced precious metals. Kazakhstan has observed intensification of gold production in recent years. In 2013 annual growth made 6.6%, in 2014 – 18% and in 2015 –…

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Russia: scrap railroad deliveries down in January 2017

In January ferrous scrap deliveries via railroad to Russian metal and pipe works totaled 0.73 million tons, down by 30.8% MoM.

At the same time deliveries increased by 55.4% YoY, to the maximum for the last 7 years. (Ukrainian metal)

Russia: Olkon 2016 results

In 2016 Olenegorsk Mining and Processing Works, a part of Severstal produced 4.1 million tons of concentrate and shipped it to the Cherepovets Iron and Steel Works. “For the first time in our history we were able to considerably improve the quality of our products. In particular we have increased the Fe contents in the…

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Russia: pipe output down in 2016

In 2016 Russia produced 10.065 million tons of pipes, down by 11.5% YoY. According to the Federal Service of State Statistics, seamless pipes output dropped by 2.6% YoY, to 3.327 million tons, small and medium-diameter electric-welded pipes – by 3.6%, to 3.658 million tons, LDP – by 27.2%, to 2857 million tons. All other welded…

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Russia: Rusal to issue Panda bonds

Rusal has announced that it has registered its prospectus for a Renminbi denominated bonds issue (Panda bonds), totaling up to 10 billion yuan ($1.5 billion) with a tenor of 7 years. Rusal becomes the first overseas company with global operations outside of China that is seeking to offer bonds to investors within the Chinese debt…

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