Copper

Baikal Mining Company chooses general designer for Udokan

The Baikal Mining Company (BGK) and TOMS Engineering have concluded a contract for execcution of the functions of a general designer who will manage the process of preparing the project documentati

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Since the beginning of the year, Polymetal received $354 mln due to sale of metals

In the first quarter of 2018, Polymetal Int earned $354 million due to sale of gold, silver, copper and zinc. Compared with January-March 2017, the revenue growth amounted to 19%.

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In Q1, steel production in Kazakhstan grew by 7.6%

During March 2018, metallurgical enterprises of Kazakhstan produced 0.431 million tons of steel (in February – 0.355 million tons), which is by 10.9% more in annual ratio and by 21.3% more th

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Polymetal receives 50% of Prognoz and East-Tarutinskoye deposit

Polymetal, as announced in February, has prematurely implemented an option to increase its stake in the Prognoz silver deposit, paying $72 million with its own shares for 45%.

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Polymetal agrees with RCC on the exchange of gold and copper deposits in Russia and Kazakhstan.

Polymetal International plc (Polymetal) has entered into an agreement with the Russian Copper Company (RCC) to exchange 100% of the Tarutinsk deposit in Russia owned by Polymetal to a 85% stake in

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In January-February, export of metals in Russia grew by 12.7%

During January-February 2018, share of metals and metal products in the total value of exports amounted to 11.1% (in January-February 2017 it was 9.6%).

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Russian Copper Company increased tax payments by 40% in 2017

Last year, the South Ural enterprises of the Russian Copper Company transferred more than 5.6 billion rubles to the budgets of all levels, which is by 40% higher than the results of 2016.

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Sredneuralsky copper smelter has processed a quarter of copper smelting waste

Over the past 10 years Sredneuralsky copper smelter (SUMZ, part of the Ural mining and metallurgical company UGMK) has processed more than a quarter (26%) of the technogenic deposit of metallurgica

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In 2018, Norilsk Nickel to spend over 1 bln rubles on geological exploration

In 2018, Norilsk Nickel plans to invest more than 1 billion rubles in geological exploration, said the company’s vice-president Elena Bezdenezhnykh.

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In 2017, proceeds of Russian Copper Company grew by 6%

In 2017, Russian Copper Company received almost 130 billion rubles of the revenue. This is by 6% more than the result of 2016.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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