Gold output of GV Gold rose by 37% YoY, to 224,500 ounces in 2017, or 5% above the plan due to the launch of the Drazhnoye and Ugakhan deposits and a new dredging unit at the Bolshoi Kuranakh mine, the company said in a statement on February 5. The capacity of company’s processing facilities increased…
The residents of Talas region have no claims against development of Jerooy, the Government’s Authorized Representative in the region, Marat Murataliev, declared at a press conference on February 5. According to him, the people agree that the field should work. “170 million soms have been transferred to the regional and district funds. A mini football…
The state commission has put into operation a new long face at the Zapadno-Donbasskaya mine. This is the second long face commissioned at the Ternovka Mine Group this year. It will provide the miners with work until April 2019, allowing them to obtain 800 thousand tons of coal. The length of the long face is…
The Federal Antimonopoly Service has allowed Vysochaishiy to purchase 100% of the Mineraly Kamchatki LLC, which manages gold-extracting assets of Renova. The company manages Zoloto Kamchatki, Interminerals Management LLC, Kamchatka Copper Company LLC, Kamchatskoye Zoloto, Bystrinskaya Mining Company, Ametistovoye and Kamgold. Zoloto Kamchatki owns 9 licenses for gold deposits with the combined reserves of over…
Electrocable has received machinery to modernize manufacture of cable with low gas and fume emission (halogen-free). Its total cost exceeds 73 million rubles. “Today all the strategically important objects, including nuclear power plants, subway, oil and gas infrastructure, as well as hospitals, kindergartens and malls are equipped with fireproof cables. Halogen-free cables do not emit…
In 2017 Buryatia obtained 5677.9 kg of gold, down by 4%, or by 231.1 kg YoY. According to the republican ministry of natural resources, ore gold output totaled 3610 kg, and alluvial – 2067.9 kg. Gold output in 2016 was 5891 kg, including 4021 kg of ore gold and 1870 kg of alluvial gold. (Ukrainian…
Severstal Bar Works Balakovo is celebrating its 10-year anniversary. The project of construction was of the Greenfield category, as it was built from scratch. The employees of the key professions were trained at the Cherepovets Iron and Steel Works. At present the number of local employees at the works is 95%. The first rolled metal…
TMK, one of the world’s leading manufacturers of tubular products for the oil and gas industry, announces full redemption of the loan participation notes due in January in the total nominal value of $231 million on January 29. The $500-million eurobonds with a coupon rate of 7.75% and a 7-year maturity were issued by TMK…
