Since Polymetal Int bought Kapan mining and processing factory in April, it mined 181 thousand tons of ore. According to the company statement, in Q3 it mined 112 thousand tons. Average metal content in ore from May till September totaled 2.3 thousand ounces of gold, 46 million ounces of silver, 0.3% of copper, and 1.6%…
Each year Metinvest companies pay over 300 million UAH of environment tax to the budgets of all levels. Such a tax could become a resource for ecological improvement. And the local companies should receive the most of these payments and have the right to spend them on modernization. “And what if the local authorities decide…
Dmitry Firtas’ Titanoviye Investicii Company has been affected by sanctions imposed by Ukraine on Russian companies and individuals. The company was registered in June 2014 in Moscow. After the Crimea was annexed by Russia Firtas had to adapt to Russian legislation to avoid the loss of Crimean assets, so the businessman decided to move some…
Ural scientists have developed an innovative reagent that increases lead and zinc extraction during ore processing. It has already been tested at the deposits in Altai region, according to the UGMK scientific company Uralmekhanobr. Zinc and lead extraction using this reagent is increased by 3-7%. “We have been working on the techniques of using this…
Ukraine has imposed sanctions on Rusal and its offshore company Judson Trading Limited (Cyprus), according to the Presidential decree. The sanctions have been imposed following the companies’ activities, which pose a threat to the national security and prevent the stable economical development. In particular, Rusal has been accused of blocking assets, limiting trade operations in…
Zaporozhye Aluminum Works is still idle after a short period of work from August 31, till September 19. But it can resume manufacture of rolled wire in November if it is able to buy aluminum. According to a company representative, ZALK is negotiating purchases from China. “Chinese aluminum in Odessa ports could cost $200 per…
Vorgashorskaya mine of Vorkutaugol has put a new long face into operation. The mine plans to extract 2.4 million tons of coal there, at 9.7 thousand tons per day, or 280 thousand tons per month. (Ukrainian metal)
In January-September Kuzbassrazrezugol mined 33.3 million tons of coal (including over 4.6 million tons of coking coal), up by 0.5 million tons YoY. Consumers received 29.4 million tons of coal, with exports on the level of 21.6 million tons. Local market received 7.8 million tons. Kuzbassrazrezugol processing factories have processed 29.2 million tons of coal,…