The state enterprise Lisichanskugol received 104.5 million UAH to clear salary debts to miners, while Pervomayskugol – 29.4 million UAH. According to the Lugansk region governor Yuri Garbuz, debts decreased by 81% and by 89% respectively. “The issue of clearing salary debts, in particular, to the coalminers, is one of the most important, on which…
Last year Kazakhstan increased ferrous metals output by 37.8% YoY, to 1.55 trillion tenge. Karaganda region (42.3%), Pavlodar region (31.5%) and Aktyubinsk region (19.1%) accounted for the most part of the output. Flat rolled metal output grew by 2.2% YoY, ferroalloys – by 7.2%, raw steel – by 9.4%, alloyed steel rods – by 26.2%,…
In 2017 Kazakhstan mined 242.7 billion tenge worth of iron ore, up by 25.9% YoY. Kostanay region accounted for over 88% of the total volume (214.4 billion tenge, up by 23.4%), Karaganda region – 10.3% and Akmola region – 1.1%. ArcelorMittal Temirtau (Orken LLC) operates in the main “iron ore” regions – it is the…
Far Eastern Natural Resources LLC (FENR), a daughter company of the Indian power group Tata Power, has won the auction to develop the Krutogorovskoye deposits of coal in Kamchatka. The company offered the highest price – 264.88 million rubles. The deposit was discovered in 1934. Its reserves are estimated at 300 million tons of coal.…
This year Vysochaishiy (a part of GV Gold) intends to reach gold output of 300 thousand ounces (9 tons). According to GV Gold chairman Sergey Dokuchaev, Taryn GOK in the Republic of Sakha and Ugakhan GOK in the Irkutsk region will contribute the most to this growth. Taryn GOK was put into operation in September…
In January Ukraine mined 2.659 million tons of coal, down by 27.3% YoY, or by 1 million tons. According to the Ministry of Energy and Coal Industry, power-generating coal output dropped by 31.9% YoY, to 2.1 million tons, and that of coking coal – by 2.95%, to 559 thousand tons. (Ukrainian metal)
The management of the Russian steelmaker NLMK will recommend dividends for October-December 2017 higher than encompassed by the company’s dividend policy, CEO Oleg Bagrin declared on February 20. “Certainly, recommendations will be higher than encompassed by the dividend policy,” he said. Under the dividend policy updated in 2015, NLMK can pay from 50% of the…
Rosterminalugol, the largest dedicated coal terminal in the European part of Russia with state-of-the-art coal handling technology (a part of coal holding Port Management Company) celebrated yet another coal transshipment milestone. Since 2003 the terminal has exported 150 million tons of coal, the terminal operator said in a press release. The 150-millionth ton was loaded…
