Pokrov Mining and Processing Works (previously – Ordzhonikidze GOK) has purchased a new JCB hydraulic excavator valued at 7.265 million UAH. A similar excavator was bought in February. The excavator with the ladle volume of 2.5 cubic meters will be operating at the ore loading, as well as construction works. As of today, the GOK…
Zabaykalstalinvest has been holding the license to develop 2 sites in Zabaykalye region since 1993. The company intends to start developing the Chineysky deposits in 2018-2019. In particular, the company plans to construct a mining and processing works at the Rudny site to process copper, platinum, gold and palladium. Another works will be constructed at…
During the washing season of 2017 Dauria has obtained 768.2 kg of gold, up by 6.9% YoY. Next year the company has to obtain 550 kg of gold. Dauria is developing alluvial gold sites on the territory of Zabaykalye region. (Ukrainian metal)
Dalgeophysica, a part of the state holding Rosgeologia, has finished the second stage of prospecting in Khabarovsk region. The prospecting will be complete in late 2018, but even now the specialists do not doubt that the Ponyisky site will be one of the largest gold-quartz and gold-copper-porphyritic deposits in the world. The size of the…
A pool of banks will provide Norilsk Nickel with a loan of $2.5 billion. Among roughly 15 lenders will be Raiffeisenbank, Unicredit Bank, China Construction Bank, Citibank, HSBC, J. P. Morgan, etc. The total sum of the deal, including interest and commissions, is 18.14% of Nornickel assets cost as of September 30. At that time…
In January-November Russia produced 47.6 million tons of pig iron, up by 0.3% YoY. In November output increased by 1.9% YoY and by 0.9% MoM. According to the Federal Service of State Statistics, rolled metal output in 11 months increased by 0.7% YoY, to 55.5 million tons. In November the results decreased by 6.8% YoY…
The governor of Kuzbass Aman Tuleyev wants to limit granting of coal licenses in the region and decrease output to 200 million tons. Officially, to decrease damages to the environment. This year 5 auctions for coal development have been cancelled. The existing mines provide enough coal. Over 100 coal companies operate in the region, including…
In 2020 Glencore plans to commission the Zhairem Mining and Processing Works with the capacity of 160 thousand tons of zinc per year. This asset will replace the Maleevsky and Tishinsky mines, the operation of which will be stopped in 2023. Glencore expects the demand for zinc on world markets to grow in the next…