Metals and mining

In 2019, VSMPO-Avisma’s net profit under RAS increased by 24%

In 2019, the VSMPO-Avisma’s revenue under RAS increased by 1.2% and amounted to 90.13 billion rubles. The profit from sales decreased by 25% to 23.81 billion rubles.

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Norilsk Nickel expands its credit line to $4.15 billion

Norilsk Nickel has signed an additional agreement to an agreement on opening a credit line.

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More than 24 thousand tons of coal received by Kirovsky coal open pit mine in 2019

Coal mining company Kirovsky coal open pit mine, which develops the Kirovskoye coal field in the Republic of Sakha (Yakutia), produced 24.2 thousand tons of solid fuel in 2019, which is by 8% less

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Rosgeologiya to continue to search for gold and copper in the Far East in 2020

In the field season of 2020, search for gold and copper ore occurrences in the framework of implementation of state contracts concluded with the Department for Subsoil Use in the Far Eastern Federa

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Russia increased production of alloy steel in January

In January 2020, index of metallurgical production in the Russian Federation was 102.3% compared to the same month in 2019, and 81.3% - compared to December, the Federal State Statistics Service re

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AzerGold plans to sell 55 thousand ounces of gold and about 104 thousand ounces of silver in 2020

In 2020, Azergold plans to sell 55.2 thousand ounces of gold and 103.7 thousand ounces of silver, chairman of the company's Management Board Zakir Ibragimov stated.

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Development of Korbalikhinskoye deposit to receive additional funding

Sberbank, VEB.RF and UGMK group have signed basic indicative financing conditions for implementation of the Korbalikhinskoye polymetallic deposit development project in the Altai region and reconst

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Buryat coal miners produced 7.161 million tons of coal in 2019

Companies that produce hard and brown coal in the Republic of Buryatia increased solid fuel shipments by 35.4% in 2019.

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AzerGold plans to launch two gold-bearing sites in the west of Azerbaijan in 2021

Azergold plans to commission the Agyokhush and Merekh gold deposits in the Dashkesan region (in the west of Azerbaijan) in 2021, chairman of the company's Management Board Zakir Ibragimov state

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Sberbank opens a line for 500 million rubles for Susumanzoloto

Sberbank will open a revolving credit line for Susumanzoloto to finance its costs of gold production in 2020 for 500 million rubles, it follows from the message of Susumanzoloto.

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