Metals and mining

Buryatzoloto’s Board of Directors recommends not to pay dividends

Board of Directors of Buryatzoloto (part of Nordgold) has recommended shareholders at the annual meeting on June 28 not to pay dividends for 2018.

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Alrosa sells 120 diamonds at auction in Vladivostok

Diamond mining company Alrosa received $9.65 million in revenue from sale of diamonds during a diamond auction held in Vladivostok from April 8 to April 19, 2019.

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Mikhail Gutseriev and his partners buy 67% in Kuzbass Fuel Company

Mikhail Gutseriev, his son Said, as well as businessmen related with him have received a controlling stake in Kuzbass Fuel Company, the Kommersant writes on Tuesday.

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"Rosgeologiya" discovers the Ozernovsk analogue at Kamchatka.

JSC North-Eastern PGA (part of the Rosgeologiya) discovered ore zones with gold grade up to 43 g / t at the Karymshinsk Square in the Kamchatka Region, Rosgeologia reports.

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In Q1, UC Rusal maintained aluminum production at the level of 2018

In the first quarter of 2019, volume of aluminum production amounted to 928 thousand tons (-0.3% compared to the corresponding period of 2018), the company reports.

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In January-March, steel production in CIS countries fell by 2.7%

According to the World Steel Association’s information, steel production in the world in March amounted to 155.009 million tons that is by 4.9% more than in the same period of the previous ye

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In 2019, Nordgold to increase investments in Guinea by 15%

In 2019, Nordgold of Alexei Mordashov plans to increase investment in Guinea by 15% to about $80 million, the company reports.

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Russian coal industry ask for discount along entire transport chain

Participants of meeting with Kuzbass Governor Sergei Tsivilev on April 22 have summed up their requirements for transport industry: for the period of falling coal prices in Europe, they ask operato

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In 2018, VSMPO-Avisma increased net profit by 11.3%

In 2018, the net profit of VSMPO-Avisma corporation under IAS increased by 11.3% compared to the previous year and amounted to $244.5 million, as it follows from the company's report.

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In January-April 2019, Seligdar increased sales three times

In January-April, gold mining company Seligdar expects to sell 1255 kg of gold, which is three times more than last year.

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