VTB Group has agreed to assist Russian Platinum in the development of the Chernogorskoye deposit and the southern part of Norilsk-1 deposit in the Krasnoyarsk region, VTB said in a statement. In accordance with a memorandum on strategic cooperation, VTB will have a chance to buy a stake in a project company and will act…
Russia’s palladium and palladium alloy output rose by 1.7% YoY and by 23.8% MoM in November, the Federal State Statistics Service said. Platinum and platinum alloy production decreased by 22.5% YoY but rose by 6.3% MoM. In January-November, palladium and palladium alloy production remained flat, while platinum and platinum alloy output fell by 2.6%. Previously,…
In January-October Russia decreased palladium ingots and its alloys output by 0.1% YoY. Platinum and its ingots production dropped by 0.4% YoY. In October platinum output dropped by 33.6% YoY and by 28.5% MoM. Palladium output decreased by 30.2% YoY and by 6.2% MoM. (Ukrainian metal)
In January-September Russia increased palladium output by 3.7% YoY. According to Rosstat, platinum output went up by 4.1% YoY. Gold ore mining increased b 2.1%. In September Russia increased platinum output by 4.5% YoY and by 16.5% MoM. Palladium output dropped by 17.8% YoY and by 11.9% MoM. Gold ore mining increased by 2.9% YoY,…
Russian precious metals producer Polymetal International may not pay special dividends in 2016 because of unfavorable market conditions, CEO Vitaly Nesis said. “As we’ve already said, the dividends will largely depend on dynamics of gold prices in the fourth quarter. The period’s cash flow will define the amount of free cash for special dividends. The…
Gold mining company Nordgold, controlled by the Russian businessman Alexei Mordashov, has launched production at the Bouly deposit in Burkina Faso, the company said in a statement. The average daily gold production at the deposit is expected at 120,000 ounces during the 10-year development period with all-in sustaining costs of $730 per ounce. The project’s…
In January-June Russia produced 12.74 tons of platinum, down by 7.6% YoY. Palladium output dropped by 1.1%, to 42.34 tons. In particular, Nornickel produced 10.35 tons of platinum and 41.36 tons of palladium, down both by 2% YoY. (Ukrainian metal)
The Russian Natural Resource and Environment Ministry plans to solve all disagreements on the sales terms of the Sukhoi Log gold deposit with the Federal Antimonopoly Service in September, Minister Sergei Donskoi said. “We had a meeting in the White House, there are still disagreements with the Federal Antimonopoly Service. But on the other hand,…