The intergovernmental agreement signed in February, which allows China National Gold Group to get 70% of Klyuchevskiy gold ore deposits in Zabaikalye region, has been submitted to the State Duma for ratification. The project will be carried out in 2 years. The Chinese company will invest $500 million in gold mining. The reserves are estimated…
In spring RG Gold commissioned the third crushing complex at the Yuzhniy Raigorodok and Severniy Raigorodok in Akmola region. This allowed the company to increase annual ore processing from 1.3 million tons to 2 million tons and produce some 45-50 thousand ounces (1.5 tons) of gold. Investments in the development totaled $6.7 million in 2017-2018,…
In January-May Kuzbass mined 102.9 million tons of coal, up by 5.8% YoY. In particular, 73.6 million tons of power-generating coal and 29.3 million tons of coking coal were mined. SUEK-Kuzbass increased output by 1.8 million tons, Razrez Kiyzasskiy LLC – by 1.4 million tons, Stroyservis and MelTEK LLC – by 0.9 million tons each.…
Severstal will construct a metal works to produce metal structures and welded goods in the city of Surgut. The works with the size of 350 square meters will create over 500 jobs. Investments total 13 billion rubles. The works is expected to start operating in 2021. (Ukrainian metal)
Cherepovets Iron and Steel Works has produced anniversary tons of steel at two shops. In particular, the electric steel shop produced the 45-millionth ton of steel. The first metal was produced there in 1969. At first the shop had 4 electric arc furnaces, a steel degassing machine and two slab continuous casting machines. The converter…
The people’s deputy Sergey Dunayev has failed keeping his promise of clearing salary debts to the state enterprise Lisichanskugol employees. “Because of red tape in filing documents to the Ministry of Finances and the State Treasury, the Ministry of energy and coal industry cannot promptly solve the problem of salary debts. The miners demand immediate…
In January-May by-product coke plants of Ukraine imported 4.75 million tons of coking coal and coal concentrate, up by 17% YoY. In May 0.9 million tons of coking coal were imported, down by 11% MoM. Ukrainian coal deliveries in 5 months totaled 1.24 million tons, down by 6% YoY, with 220 thousand tons delivered in…
Vostoc LLC, extracting gold in the Anadyr district of Chukotka Autonomous District, will start obtaining alluvial gold at the deposits of the Pravaya Kolbi River. This washing season the company intends to get 20 kg of gold. The balance resources of the deposit are estimated at 377 kg of gold. Investments in the site development…