FORMER SOVIET UNION

Rusal sees aluminium prices at $2,500 by end Q2

Thursday , 02 Feb 2012
Senior executive, Oleg Mukhamedshin, sees aluminium prices rising up to 10% from current values to between $2,400-$2,500 per tonne by the end of the second quarter, as output cuts take effect.

Severstal's Q4 crude steel output down 6% vs. Q3

Tuesday , 31 Jan 2012
Russia's steel major Severstal reported on Tuesday that its crude steel output fell 6% in the fourth quarter of 2011 compared with the third quarter.

Polyus Gold's 2011 earnings up 40%

Monday , 30 Jan 2012
The miner said Monday its core earnings rose nearly 40% to more than $1 billion last year, bolstered by increased output from its Siberian and Kazakh mines, coupled with strong gold prices.

Highland Gold misses 2011 forecast; output high in 2012

Monday , 30 Jan 2012
Despite revising its 2011 gold output forecast due to difficulties accessing high-grade ore at its Mnogovershinnoye mine, Highland Gold missed the reduced output forecast for the year.

Kazakhstan eyes $2.2bn in loans to fund large projects

Monday , 30 Jan 2012
Its finance ministry said Monday the country plans to plans to borrow about $2.2 billion from external markets to fund a series of projects this year, including a transport corridor from China to Europe.

Norilsk forecasts flat 2012 nickel, palladium output

Monday , 30 Jan 2012
The company said Monday it expects its nickel output to be flat or slightly higher this year, while palladium, platinum and copper could show a small decline.

RUSAL may cut aluminium output 6% in next 18 months

Friday , 27 Jan 2012
Despite reporting last week that it had no plans to follow rival Alcoa's lead in cutting production, the Russian firm said Friday it could cut output by 6% in the next 18 months.

Polymetal not in talks with Polyus on merger

Thursday , 26 Jan 2012
Polymetal issued a statement on Tuesday saying that it was that it was not engaged in talks with Polyus Gold on a proposed merger deal.

Petropavlovsk expects 2012 gold output to rise 11%

Thursday , 26 Jan 2012
The company, which operates four open-pit mines in Russia's Far East, expects its full year output for this year to rise 11% to 680,000 gold ounces.

Polyus Gold hires top banks for LSE listing

Tuesday , 24 Jan 2012
A source familiar with the matter said Tuesday the miner has hired Bank of America Merrill Lynch, JP Morgan, VTB Capital and Renaissance Capital for its planned listing and stock sale in London.

Polyus eyes $1bn in London share sale - report

Tuesday , 24 Jan 2012
Bloomberg reported on Monday that the Russian gold miner could sell shares to the value of $1 billion as part of its planned premium stock-market listing in London.

Nord Gold mulls free float for London-listed shares

Friday , 20 Jan 2012
Following the market debut for its GDRs in London on Thursday, Russian gold miner Nord Gold is considering other ways to make its tightly-held shares more accessible to investors.

Gold price to break above $2,000/oz in 2012 - Polymetal

Friday , 20 Jan 2012
CEO, Vitaly Nesis, believes the gold price will break above $2,000 an ounce later this year around the time of U.S. presidential elections, while its own output is set to rise after a flat 2011.

Norilsk Nickel to reduce production in 2012

Friday , 20 Jan 2012
The miner is expecting to reduce production this year to adapt to a slight fall in global metals demand, but does not see a slump into another global economic crisis.

Polymetal eyes increased 2012 gold output

Thursday , 19 Jan 2012
The precious metals miner expects its gold production for the year to range from 590,000-640,000 ounces, up from 443,000 ounces last year, as it expands mining operations.

Nord Gold's Q4 production up 14%

Thursday , 19 Jan 2012
The gold miner, a unit of Russian steelmaker Severstal, increased production 14% in the fourth quarter to 204,000 gold equivalent ounces from the third quarter.

Russia's Yuzhuralzoloto revives IPO plans - report

Thursday , 19 Jan 2012
According to Russian daily newspaper Kommersant, the gold miner has revisited its plan to place up to 25% of its shares in London as early as this spring.

Russian billionaire sees no risk in London gold listing

Wednesday , 18 Jan 2012
Billionaire Mikhail Prokhorov, who owns a 37% stake in Polyus Gold, expects the miner will have no problem getting approval from the Russian government to seek a premium listing in London.

Evraz reports 3% rise in 2011 steel production

Tuesday , 17 Jan 2012
The Russia steel producer achieved a 3% annual increase in its 2011 steel production on stagnant global demand.

Severstal to proceed with Nord Gold GDR listing

Monday , 16 Jan 2012
The Russian steelmaker said Monday it will proceed with a planned listing of its Nord Gold mining unit in London after investors representing 10.6% of the share capital in the business participated in a share swap.

Mineweb's Gold Guru for 2011 - Price prediction competition results

Tuesday , 03 Jan 2012
Gold price prediction can be a bit of a lottery, but Mineweb readers overall do pretty well in our annual gold price competition. Results of the 2011 competition and entry form for 2012.

Norilsk to spend $3bn on development

Thursday , 29 Dec 2011
The investment, announced in its2012 budget is the first step in Norilsk's production and technical development strategy which should see it spend as much as $35bn by 2025

2012 Mineweb gold price competition kicks off

Friday , 23 Dec 2011
The 2012 edition of Mineweb's gold price prediction competition is here; in 2011, Mineweb readers' average predictions have been comfortably more accurate than those of ‘experts' in a similar LBMA exercise.

Evraz/ Severstal merger unlikely - analysts

Tuesday , 13 Dec 2011
Despite earlier comments by the chairman of Evraz that a merger with rival Severstal would be a "good idea", analysts believe this is unlikely because major shareholders would not want to surrender control.

Evraz founder in favour of Severstal merger

Tuesday , 13 Dec 2011
In an interview with the Financial Times Tuesday, Evraz's founder and chairman, Alexander Abramov, said a merger of the two steel giants would have several advantages.

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