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…
Dzholdoshbek Dzhunushev was appointed General Director of the State Enterprise Kyrgyzkomur, press service of the State Committee for Industry, Energy and Subsoil Use reported. According to its information, the new head was introduced to the staff by the Chairman of the State Committee for Industry, Energy and Subsoil Use of the Kyrgyz Republic Ulanbek Ryskulov…
The state enterprise Vostochniy Mining and Processing Works has ordered the Trading House Eco-Service LLC the delivery of sulfur valued at 92.69 million UAH. This year the company will supply 16 thousand tons of technical granulated sulfur with the purity of at least 99.98% at 5649 UAH or $212 per ton. The products will be…
The Ukrainian budget has received three times more funds from the duty on scrap metal exports (UAH 343 million/$12.7 million instead of UAH 112 million/$4.1 million) over the year when an increased rate of the export duty on scrap metals was in effect. “We have very positive results of our “metallurgy law” with Oleh Lyashko…