Geologists of the Magadan region have discovered a gold field with resources amounting to several dozen tons, a regional division of geological exploration company Rosgeo, also known as Rusgeology, said in a report on March 16. The newly discovered Khulgannakhskaya block is located 102 kilometers off the Omchak village, where the nearest Matrosov mine is…
Gold mining company Nordgold, controlled by Russian businessman Alexei Mordashov, has completed delisting of its global depositary receipts (GDRs) from the London Stock Exchange (LSE), the company said in a statement on March 16. Nordgold offered to buy the GDRs at $3.45 per security and said it could spent a total of up to $118…
Russian metals producer Norilsk Nickel is ready to consider participation in the development of the Udokan copper field, CEO and key shareholder Vladimir Potanin said on the sidelines of a meeting of the Russian Union of Industrialists and Entrepreneurs on March 16. “We have received no detailed proposals so far. We will negotiate once it…
Prime Minister of Kazakhstan Bakytzhan Sagintayev visited Ulba Metallurgical Plant as part of his working trip to East Kazakhstan region, PM’s press service reported. PM familiarized himself with the process of high capacitive tantalum powders production. UMP is one of the world’s recognized producers of uranium and tantalum. The enterprise is a part of the…
The Mine Group Yuzhnodonbasskoye No. 1 (Ugledar, Donetsk region) has ordered Company Promtorg LLC the delivery of filtering equipment valued at 21.75 million UAH. By the end of 2018 the company would have supplied 2050 self-rescuers at 8326 UAH apiece, 1500 regenerative cartridges at 2781 UAH apiece and 6 respirators at 85587 UAH. On the…
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…