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Russia: Kinross gold output down in Q1 2018

In January-March Kinross Gold produced 653.94 thousand ounces of gold equivalent, down by 3% YoY. In Russia gold output dropped by 16%, to 120.18 thousand ounces. At the Kupol and Dvoynoy mines in Chukotka output dropped because of the scheduled extraction of ore with low gold contents. In 2017 Kinross Russian enterprises produced 17692 kg…

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Russia: Metallinvest-Novosibirsk supplies rolled metal for HPP construction

In 2017-2018 Metallinvest-Novosibirsk supplied metal for a number of major construction projects in Krasnoyarsk and Novosibirsk regions. In particular, in October 2017 the company provided rolled metal for the construction of the Berezovskaya Hydro Power Plant. The company supplied 186 tons of rolled metal. And for the Berezki cottage town in the suburbs of Novosibirsk…

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Russia: Ministry of Economy discusses counter measures to US steel duties

The Ministry of Economic Development has hosted another meeting of the sub-commission on customs-tariff, non-tariff regulation and protective measures in foreign trade of the government commission on economic development and integration. In particular, the issue of US decision to impose special import duties of 25% on ferrous metal and 10% on aluminum was discussed. The…

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