Ukraine: AMKR to invest $400 million in modernization of the plant in 2017

PJSC “ArcelorMittal Kriviy Rih”, the largest mining and metallurgical plant of Ukraine, will invest $400 million (CAPEX and OPEX) in the development of the plant in 2017. The company will invest funds in modernization of production, improvement of the environment, capital repairs of equipment and construction of new units, including the second LF-CC and coke…

Russia: Kaltan pit mines 100 million tons of coal

The Kaltan open-pit mine yielded the 100-millionth ton of coal. This is the result of Osinikovskoye and Kaltansky field miners operation since each field has been put into operation. The Kaltan open-put mine was created in 2009 by merging Kaltansky open-pit and Osinnikovsky open-pit. The first ton of Osinnikovsky coal was mined in 1980, and…

Russia: 22 tons of gold exported in 2016

In 2016 Russia exported 22.4 tons of gold, down by 43% YoY, while the output remained on the previous year level. Though there is still no data on January-November 2016 output the Union of gold-miners expects the figure to be on the level of 295-297 tons. Central bank bought the most gold on the local…