Lermontovsky Mining and Processing Works LLC is no longer threatened by bankruptcy. According to the company director Vladimir Kalinovsky, the issue with indebtedness to the Amur-EP LLC, which has filed a suit against LGOK, has been settled. Still, until September most of the employees will not be working. (Ukrainian metal)
In January-June Russkiy Ugol enterprises mined 6.8 million tons of power-generating coal, up by 11% YoY and by 881 thousand tons from the target. Coal shipping in H1 totaled 6.5 million tons, up by 15% YoY. Krasnoyarskiy Krai was the leader in mining and shipping with output at 3.2 million tons, up by 23% YoY,…
In January-June KAZ Minerals produced 118 thousand tons of copper, having more than doubled its H1 2016 result (56 thousand tons) The Bozshakol GOK produced 52 thousand tons of copper, up 5-fold YoY. Aktogay GOK produced 33 thousand tons of copper. Copper output at Vostokcement and Bozymchak GOK in Kyrgyzstan decreased by 19%, to 33…
Lysva Iron and Steel Works has postponed the construction of the second cold-rolling shop for an indefinite period because of the absence of funds and the unfavorable economic situation in the country. “We started construction when the situation was favorable. But since 2014 we have been experiencing the lack of financing, the banks were not…
In January-June ChTPZ Group received 72.566 billion rubles, up by 6% YoY. Gross profit decreased by 21%, to 17.297 billion rubles, EBITDA – 11.001 billion rubles. In H1 the group profits totaled 2.101 billion rubles (5.81 billion rubles in H1 2016). In January the group was able to refinance its consortium loan of 75.689 billion…
According to the Federal Agency on technical regulation and metrology (Rosstandart), the GOST R 52146-2003 “The cold-rolled sheet and cold-rolled dip-galvanized sheet with polymer coating from continuous lines. Technical conditions” has been terminated, and a new standard GOST 34180-2017 “Cold-rolled steel sheet and cold-rolled dip-galvanized sheet with polymer coating from continuous lines. Technical conditions” has…
Almalyk Mining and Processing Works has started developing the Dalneye deposits. In April AGMK and RIVS (St. Petersburg, Russia) signed an agreement on cooperation to construct a copper-processing complex for $500 million. According to AGMK, the development of the deposits valued at $1.7 billion will provide for the mining of 23 million tons of ore…
On August 16, Vostochniy Mining and Processing Works uranium miners went on a strike. The ore mining and salary payment were stopped three months ago because of the expiry of the license to use subsoil resources. The company received the license 20 years ago and now it has expired. But the State Service on geology…