Platinum

This year decrease of commercial nickel production at Kola mining and metallurgical company to be compensated

On May 7, Norilsk Nickel, the largest world producer of nickel and palladium, announced its preliminary industrial results of the work in the first quarter of 2013.
In the first quarter of 2013, the total volume of commercial nickel production made up 72 thousand tons as compared to 76 thousand tons in the first quarter of 2012. The decrease of the total volume of nickel production in the reporting period was caused by short delivery of raw material to the Kola mining and metallurgic company and nickel refinery of Norilsk Nickel Harjavalta.

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The RF increases gold mining in Q1, 2013

In January-March 2013 gold mining in the RF increased by 13.2% compared to Q1, 2012. Production of ingots increased by 13.7%, Russian Federal Service for State Statistics (Rosstat) reports. Production of palladium and alloys reduced by 5.9%, production of platinum and alloys increased by 7.9%.

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Russia. Platinum and alloy production is up by 3.9%, palladium is down by 8.7% in Jan-February

Platinum and its alloy production in Russia increased by 3.9% over the first 2 months of 2013, while palladium and alloys production went down by 8.7% against the same period in 2012. Rosstat reports. It does not report on absolute indices of output.

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Interview with CEO of Polymetal, V. Nesis

On March 12th Polymetal celebrates is 15th anniversary. The CEO of the company, V. Nesis, talked about the start of the company, success and failures, and the new platinum business.
 
Q: 15th anniversary – is it a long or short period? It depends on what has been done and how to treat it. Let’s have a look. The company was founded by your brother. Did he tell you what it all began with?
A: I might not be aware of all the details but I know the general history. By the mid 90s there appeared the idea to use the personnel of the Soviet uranium sector which stayed in the central Asia to produce gold in Russia. Initially it was planned to produce it only by the heap leaching method but gradually the idea developed and in 1938 Polymetal was founded – the company which had a status of a technological expert in various methods of metal extraction.

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