In 2017 Norilsk Nickel intends to buy as much palladium to its special fund as last year. According to the financial director Sergey Malyshev, the prices are not “in the best shape” now. There would be no increase in the number of investors. In 2016 Nornickel bought 5 tons of palladium. (Ukrainian metal)
In January-May the volume of industrial output totaled 84.7 billion soms, up by 34.7% YoY, but down by 24.2% from 2015. The increase this year was the result of metal output (1.5-fold) and metallic ore mining (3.9-fold) growth. The National Statistics Committee also notes that the country exported 1.5-fold more gold and 1.6-fold more precious…
In January-May Russian coal exports increased by 6% YoY, to 73.528 million tons. According to the Ministry of energy, in May Russia exported 15.347 million tons of coal. In January-May coal mining totaled 165.626 million tons. (Ukrainian metal)
Interpipe has appointed Igor Basay the new HR director. Basay has previously held the same office in PepsiCo Russia, and also worked at British American Tobacco, Kellogg’s as well as in the energy sphere. “Mr. Basay has the experience of managing personnel in major foreign holdings. I am sure his experience will strengthen our team”,…
The EBRD is arranging a $350 million syndicated loan to JSC ShalkiyaZinc Ltd, a Kazakh mining company, for the expansion of the Shalkiya zinc and lead mine in the Kyzylorda region as well as the construction of a new processing plant at the site. The loan is in line with the bank’s strategy of supporting…
The Almalyk Iron and Steel Works in Tashkent region started the construction of a lead plant with a capacity of about 30,000 tons per year, reads a message posted on the website of the Almalyk Complex. The plant is expected to be built in 2017-2019, according to the message. The cost of the lead plant…
The advisor to the minister of energy and coal industry Maxim Bilyavsky reported that the purchase of pipes for the construction of interconnector would start in autumn. Ukrtransgaz and Gaz-System (Poland) have signed an agreement to construct a gas pipeline between the countries. The length of the pipeline will be 99.3 km, and the project…
The Novovolynskaya No. 9 mine first shift miners refused to get into the shaft because of the non-payment of salary, but after negotiations with the management, went underground. “The reason of the protest is the non-payment of salary. They have been paid 54% of April salary, and have seen no money since then. While the…