On November 12 Valentin Kiselev, the CEO of Lisichanskugol, signed his resignation letter. Kiselev has already removed his personal belongings form the CEO office. Earlier Lisichanskugol miners staged a strike demanding their salary debts of 170 million UAH to be cleared and the CEO fired. (Ukrainian metal)
Novokuznetsk Aluminum Plant expects the revenue at the level of 16.083 billion rubles in 2018. “By 2021 the revenue might have increased to 18 billion rubles”, the company managing director Victor Zhirnakov declared. In 2017 the company revenue was 14.206 billion rubles. Thus, this year the plant intends to increase it by 13%, and by…
In October direct deliveries of rolled steel to the major oil and gas companies of Russia, as well as to the construction sites of new projects in the sphere totaled 288.7 thousand tons. According to the railroad statistics, this is down by 39.3% YoY. In January-October deliveries reached 3.44 million tons, down by 16.7% YoY.…
According to Severstal, the growth of demand for steel on the local market in 2018 and until 2023 will be 1% due to the slow down of the economy. Earlier the company predicted a growth of 3-4%. The main reason for the decrease of demand is the drop in the construction sector, even though an…
Prices of gold, silver and platinum decreased in Azerbaijan on November 14, according to the data published by the Central Bank. The price of gold dropped by 2.7115 manats, to 2,044.8195 manats per ounce on November 14 compared to the price on November 13. The price of silver went down by 0.1235 manats, to 23.8236…
The Eurasian Mining and Geology Forum “Digitalization of the Mining Industry for Joint Development and Prosperity in Eurasia” is taking place in Minsk, the press service of the Ministry of Natural Resources and Environmental Protection of Belarus reported. Taking part in the forum are about 300 participants from 17 countries of the CIS, Europe and…
Receipt of applications from potential investors for participation in a tender for creation of a joint venture on the basis of Makmalzoloto combine branch has begun, press service of Kyrgyzaltyn reported. Applications for participation in the competition are reportedly accepted within 30 calendar days (November – December) in the central office of Kyrgyzaltyn OJSC. The…
In 2017 Russia saw the largest output of gold. “This was the year of gold output record. We have also almost reached the record, set in the Soviet Union. And we have a chance this year to produce more gold than the Soviet Union”, Kraszvetmet CEO Mikhail Dyagilev Last year Kraszvetmet produced 220 tons of…