Odina is completing its mining of gold at Shugnov deposits. The gold-bearing ore reserves on the site are running low, and the company hopes to obtain licenses to develop new deposits. In 2005 Odina, one of the few companies to operate solely on investments from Tajik business, received a license to develop Shugnov deposits with…
In April-October AzerGold received $62.25 million (105.8 million manats) from the sale of gold and silver mined in Azerbaijan. In April the company started exporting gold and silver ingots refined by Argor-Heraus. “In April-October AzerGold sold 48.8 thousand ounces of gold and 68.4 thousand ounces of silver”, the company reported. In 2017 AzerGold intends to…
TMK has for the first time supplied its compressor-pump pipes with the premium TMK UP PF joints to Surgutneftegaz. The first batch of pipes has been successfully installed at the Dunaevskoye deposits. TMK share on the Russian market of premium joints in 2016 was 76%. (Ukrainian metal)
Gaysky Mining and Processing Works has put into operation new floatation machinery in the main premises of its processing factory – two floatation machines with the volume of 8.5 cubic meters each. The cost of the machinery was some 7.7 million rubles. “This completes another stage of the processing factory modernization. The machines will improve…
Boris Kovalenkov, the head of the Rimera Group of Companies, has been appointed CEO of the ChTPZ group pipe division. The corresponding decision has been taken by the group board of directors. From October 16, Kovalenkov is responsible for the management of the pipe division, the improvement of its efficiency, as well as financial and…
Metalloinvest’s third hot briquetted iron (HBI) production facility, HBI-3 Plant, has won the “Investment Project of the Year” prize at the Russian Mining Excellence Awards 2017; HBI-3 Plant was launched at Lebedinsky GOK in July. The awards ceremony took place at MINEX Russia 2017. Independent experts praised HBI-3 Plant, the largest in Russia and one…
On November 1 the Arbitrary court of Rostov region will start reviewing the claim to declare the Obukhovskoye Mine Group insolvent. The mine group is a part of DTEK. The basis of the claim is the mine group debt of 6.7 million rubles. The Obukhovskoye Mine Group is mining for anthracite. As of August 23,…
The state enterprise Electrotyazhmash works has concluded 2 agreements with the Ukrainian International Group Ltd for the delivery of copper valued at 62.19 million UAH. By the end of 2018 the company will have supplied some 220 tons of splints and wire, as well as 1250 kg of wire at the average price of 1949…