According to the Public Relations and Media Department of the Government of the Kyrgyz Republic, Prime Minister Sapar Isakov met with the Director of Centerra Gold Inc. Scott Perry. They discussed the prospects of the company’s development and expressed interest in deepening cooperation. The head of government noted that the Kyrgyz Republic and Centerra Gold…
In 2017 Mikhailovsky Mining and Processing Works increased net profit by 80% YoY, to 27.09 billion rubles. Revenue exceeded 78.73 billion rubles, up by 37% YoY. Sales profit grew by 66%, to 34 billion rubles. (Ukrainian metal)
Neryungry-Metallik LLC, a part of Nordgold, in 2017 extracted 2.084 tons of gold (67 thousand ounces). Ore mining exceeded 5 million tons, while processing, taking into account stocks, – 6 million tons. Since last year the company has been mining ore at three deposits in Yakutia – Tabornoye (since 2002), Temnoye and Gross. In August…
Coal exports in January-March increased by 6.8% YoY, to 44.42 million tons. According to the Ministry of Energy, in March coal exports reached 15.638 million tons. (Ukrainian metal)
Mechel has put into operation a new long face 0-17-16 at the mine named after Lenin, a part of the South Kuzbass coal company. The reserves of the long face are estimated at 650 thousand tons of coking coal. Its length is 200 meters. Investments in the project totaled 230 million rubles. (Ukrainian metal)
Andrey Chernomaz, director of the Abayskaya mine, has been appointed the director of the ArcelorMittal Temirtau coal department. He started working in his new office on April 2. Chernomaz’s tasks will be to reach output targets and improve the coal and coal concentrate quality, as well as increase the efficiency of labor safety, etc. Parshant…
The Basmanniy Court of Moscow has prolonged for 3 months the arrest of the Industrial Union of Donbass CEO Oleg Mkrtchan accused of embezzlement. Mkrtchan will be under arrest until July 5. The case against him is connected with embezzlement of funds given to ISD by Russian banks several years ago. (Ukrainian metal)
The Ministry of Energy and Coal Industry has increased the price of coal, mined by state enterprises, by 4.54%, or by 110 UAH, to 2535 UAH per ton (without VAT and transportation expenses) from April 2. The energy minister Igor Nasalik noted that coal witnessed the price increase from December 2017 through March 2018, and…