Polyus is about to increase production to 2.8 moz in 2019

MINEX FORUM | June 6, 2017
img0 PJSC Polyus (MOEX — PLZL), the largest gold producer in Russia, announces its production guidance for 2017–2019 together with a dividend update. The Company reiterates its production guidance for 2017 to be in the range of 2.075–2.125 moz. The group expects total gold output to increase further to 2.35–2.40moz in 2018 and 2.8 moz in 2019. The Board of Directors of the Company (the «Board») has considered and preliminarily ...

GEUS recognized the Dundas Province in Greenland as a very significant ilmenite province

MINEX FORUM | May 24, 2017
img0 A recent study undertaken by the Geological Survey of Denmark and Greenland (‘GEUS’) has confirmed that the region in which the Bluejay Mining’s 100% owned Pituffik Titanium Project in Greenland (‘Pituffik’) is located, represents a very significant ilmenite province (‘the Dundas Province’). Importantly, the province level study, which covered an area of 300km x 150km, ...

ArcelorMittal completed investment at the Krakow unit

MINEX FORUM | May 23, 2017
img0 The deputy prime minister of Poland, Mateusz Morawiecki, participated in steel giant ArcelorMittal’s (MT – Free Report) official ceremony for the completion of a series of major investment projects at the company’s Krakow unit. Investments, which exceeded EUR 118 million, were commissioned in 2016 and achieved their operational ramp up, included modernization of the basic ...

Peter Hambro to step down as Petropavlovsk Chairman

MINEX FORUM | May 15, 2017
img0 Further to the announcements on 12 May 2017 and the succession planning referred to in its Annual Results, London-listed Petropavlovsk PLC (“Petropavlovsk”), a leading gold producer in the Russian Federation, provides the following comments on its proposed Board changes. Andrew Vickerman to become independent interim non-executive chairman following conclusion of AGM; Peter Hambro to step down ...