The supervisory board of Makeevkoks has stopped the office of the board (5 persons), including its chairman Alexander Kolomiychenko. The matter was discussed on March 14, because of the expiration of the office. None has been appointed to the board. The board consisted of Alexander Kolomiychenko, Igor Chebotarev, Irina Ukrepina, Ivan Zolotarev and Tatiana Yemelyanova.…
Metinvest has transferred 50% of the Central Mining and Processing Works shares from Metinvest B.V. to Metinvest Management B.V. (both registered in the Netherlands at the same address). The share of Metinvest B.V. decreased from 99.7481% to 49.7481%. At the same time the share of Metinvest Management B.V. increased from 0% to 50%. The press-service…
In 2019 Tau-Ken Altyn plans to produce 25 tons of gold. According to the works financial director Zhanar Rakhimova, a part of gold from the Bakyrchik deposits with high arsenic content Polymetal will export to China for processing, and after that return it to Kazakhstan. Some gold with lower arsenic content will be turned into…
Power generating company RusHydro has postponed a decision on joint construction of the Boguchansky aluminum plant or the Taishetsky aluminum plant with Russian aluminum giant UC RUSAL to April, CEO Nikolai Shulginov told reporters on March 16. “We are making preparations. A meeting of the board of directors has been put off to April 1-10.…
In 2017 ArcelorMittal Temirtau intends to increase coal concentrate output by 84% YoY, to 4.722 million tons. In February the Vostochnaya central processing factory started a pilot project on increasing concentrate output. With 210 thousand tons according to the business-plan, the shortest month in the year saw 225.1 thousand tons of concentrate produced. In January…
The chairman of the self-proclaimed Donetsk People’s Republic Alexander Zakharchenko has set up a program on partial clearing of the salary debts to miners of the state enterprises Artemugol (Gorlovka) and Ordzhonikidzeugol (Yenakievo). According to Zakharchenko’s order, the so-called ministry of finances will provide 182 million rubles for the cause. Coalmining in Gorlovka stopped in…
In 2016 Polymetal produced 1.27 million ounces of gold equivalent, up from its target of 1.26 million ounces. The annual gold output totaled 890 thousand ounces, up by 3% YoY, silver – 29.2 million ounces, down by 9% YoY. The gold output plan is 1.4 million ounces for 2017 and 1.55 million ounces in 2018.…
The State Property Fund has announced the sale of the Aluminum Foil Works in Zaporozhye. The starting price is 966.43 million UAH, or 1.16 billion UAH with VAT. The fund accepts all offers by April 3. The company has not been operating since the date of its creation – in 2004. It employs the director,…