Boguchansky Aluminum Works, a joint venture of Rusal and RusHydro, could double its capacities to 300 thousand tons per year in 2018. At the same time it is still uncertain whether RusHydro will participate in the construction of the second stage of BoAZ (to 600 thousand tons), nor in another Rusal project – Taishet Aluminum…
In March Karelsky Okatysh, a part of Severstal, sold 1 million tons of pellets, a record for March, and up by 52 thousand tons from the previous record of December 2016. “In the record month we shipped 460-520 wagons a day, but we could ship even more”, the company deputy commercial director on logistics Svetlana…
In January-March Ukraine mined 6.7 million tons of coal, down by 11.3% YoY. According to the State Statistics Service, in March coal output dropped by 17.7% YoY, to 2 million tons. In January-February coal output increased by 11.3% YoY, or by 750.8 thousand tons, to 7367.9 thousand tons. Coking coal output dropped by 24.2%, or…
The State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan denied Kyrgyzaltyn OJSC the licenses for the development of gold deposits. Kyrgyzaltyn OJSC received a refusal on placer gold deposits of Sary-Jel and Kumbel in Naryn region. In addition, Altyn Tash Company LLC (Pervenets) and ACC Tash (Verkhnekeminsky ore field area) also were denied…
Miners were rescued after almost two days in Jergalan, the sister of the miner Akbermet Dorgoeva reported. Information was also confirmed in the office of government’s permanent representative in the region. “Rescuers reached the miners and brought them to the surface, they are safe and sound. They spent almost two days under the rubble and…
The board of directors of Russia’s Magnitogorsk Iron and Steel Works (MMK) has recommended paying 1.242 rubles per share, or a total of about 13.879 billion rubles in dividends for 2016, the company said in a statement on April 24. The record date for dividends is set at June 6. The shareholders will discuss the…
Russia gold producer Polyus increased gold output by 17% YoY, to 450,000 ounces in January-March, the company said in a statement on April 24. Income from sales rose by 19% YoY, to $600 million, with an average sales price of $1,258 per ounce, 3% higher than the London Bullion Market Association (LBMA) spot price. (Prime/Ukrainian…
Volnogorsk Mining and Metallurgical Combine, a part of the United Mining and Chemical Company, has ordered the Imex Minerals LLC the development of the mined rock at 83.85 million UAH. This year the company will have to develop some 2.15 million cubic meters of rock with delivery to 2.5 km valued at 30 UAH per…