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In 2018 Polymetal increased gold equivalent output by 9% YoY, to 1.562 million ounces. Gold manufacture reached 1.216 million ounces, up by 13%. Silver output fell by 6%, to 25.3 million ounces. In 2019 Polymetal intends to produce 1.55 million ounces of gold and in 2020 – 1.6 million ounces. (Ukrainian metal)
DetailsIn 2018 Polymetal revenue increased by 4% YoY, to $1.88 billion. Gold sales reached 1.198 million ounces, up by 10%, while silver fell by 3%, to 25.7 million ounces. EBITDA went up by 5%, to $780 million. Net profit was $355 million, up by $1 million. Capital expenses dropped by 10%, to $344 million. The…
DetailsKarelsky Okatysh has performed a unique action – lifted a 670-ton excavator to repair it. For this a special lifting mechanism was used, which was designed for the company. Its lifting capacity is 1 thousand tons. “This is a unique machine. None in Russia has it”, the company repair mechanic Dmitry Yepanchin said. The use…
DetailsIn January-February Irkutsk region mined 2232.9 kg of ore gold, down by 5% YoY. At present only 4 companies are mining for gold in the region. Polyus Verninskoye extracted 1392.3 kg of gold, while the rest (940.6 kg of gold) was extracted by Druza LLC, Vysochaishiy and Ugakhan. This year the region intends to obtain…
DetailsIn 2019 Rusal intends to use $200 million of investments under the project to construct the Tayshet Aluminum Plant. “We will continue construction. Tayshet is still our strategic project”, the company CEO Evgeniy Nikitin said. Last year Rusal was building Tayshet with its own funds. The new commission time is now Q4 2020. (Ukrainian metal)
DetailsIn 2018 the net profit of ChTPZ grew by 91.6% YoY, to 7.726 billion rubles, Gross profit increased by 18%, to 44.286 billion rubles, and EBITDA – by 19%, to 28.223 billion rubles. Revenue went up by 13%, to 178.84 billion rubles. The company net debt as of late 2018 was 68.4 billion rubles. The…
DetailsTZRK, a part of Vysochaishiy (GV Gold), has won an auction to develop and mine ore gold at the Ergelyakh field. The size of the site is 69.1 square km. The R1 resources are estimated at 0.12 tons, R2 – 0.6 tons and R3 – 9.3 tons. Last year TZRK mined 93 thousand ounces of…
DetailsIn February Beloretsk Iron and Steel Works increased metal wares sales by 11% YoY, to 38 thousand tons. The company has increased sales to the aviation, machine-building, construction and bearing industry enterprises. Rods with specially treated surface for the manufacture of springs and fasteners, as well as the cold-deformed rebars for the manufacture of various…
DetailsA new player has appeared on the gold-extraction market of Sverdlovsk region. Severouralskaya Mining Company LLC has received a license to prospect and mine gold at the Vilyuiskaya field. The C1 reserves are estimated at 206 kg, and C2 – 377 kg of ore gold. The company has paid 118 million rubles for the right…
DetailsIn May gold extraction will start at the Polyanka deposit in Khabarovsk region. So far the Resurs LLC has already prepared the crushing complex of the processing factory with the capacity of 600 tons of ore per hour. In the first year of operation it is expected to produce 1.5 tons of gold. The gold…
DetailsThe Vostoc-2 miners team intends to extract 67 kg of alluvial gold this season. In particular, the team will finish developing the Moiga site, though the license is valid until March 2022. The team will also be developing the site at the Kuzkin Brook. Last year the team extracted 64 kg of gold. (Ukrainian metal)
DetailsAccording to the current development strategy of Kyrgyzaltyn OJSC, work will be aimed at transforming the company from a production enterprise into a management company with a holding structure, Chairman of the Board of Kyrgyzaltyn, Almaz Alimbekov, declared. According to him, in the future, the main areas of activity of the holding company should be…
DetailsThe second rolling shop of the Belarusian steel mill BMZ has made 2 million tons of products. The milestone batch of products was shipped to the Netherlands. The second rolling shop is designed to make a broad range of rolled products, section iron, reinforcing bars, and other kinds of merchandise. It was commissioned in 2015.…
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