Pokrov Mining and Processing Works is carrying out a large-scale reconstruction of its mining machinery – the rotor excavator of the rotor complex No. 9 at the Chkalovsky quarry No. 2. The work started last autumn, after an accident that occurred in early 2018. The repair is carried out all the day long. The metal…
Technoaliance Invest, which will be developing the Zashikhinskoye rare earth metals deposit in Irkutsk region, intends to construct a chemical and metallurgical plant in the region by 2027. The project will be carried out in 4 stages. The plant will produce tantalum, niobium, ferroniobium oxides and zirconium concentrate. The capacity of the plant will be…
In 2018 the largest gold extractor of Kamchatka region – Ametistovoye – produced 3105 kg of gold and 11.4 tons of silver, down by 29% and by 20% YoY respectively. The decrease in the output is not explained. This year the company intends to start constructing a mine at the Ametistovoye gold deposit. The license…
At the end of 2018, ArcelorMittal Kriviy Rih was one of the plants with the lowest frequency rate (0.38) among all ArcelorMittal’s assets in 14 countries (the third place). Benchmarking was done among the companies with the highest number of man-hours worked – over 16 million. Moreover, ArcelorMittal Kriviy Rih has the lowest frequency rate…
ArcelorMittal Kriviy Rih introduced three investment projects at public hearings, which are construction of a new LFCC-2 and 3 and coke oven gas pipeline, as well as the reconstruction of the LSM 250-4. Particularly, reports on environment impact assessment as a result of project implementation as well as further operation of new and reconstructed facilities…
Precious metal prices varied in Azerbaijan. The price of gold increased by 16.5325 manats, to 2,233.4705 manats per ounce on January 30 compared to the price on January 29. The price of silver dropped by 0.3547 manats, to 27.1283 manats per ounce. The price of platinum fell by 4.3945 manats, to 1,389.92 manats. And the…
The Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev proposes to create a state-owned mining company. According to the head of government, the state-owned company can be opened on the basis of Kyrgyzaltyn OJSC. “Kyrgyzaltyn hardly works. The company, owning many fields, gave its share to others and as a result remained with Makmal alone. If there…
It is necessary to change the tax rates in the mining industry, the President of Kyrgyzstan Sooronbai Jeenbekov said at a meeting of the Security Council on Measures to Ensure Security in Subsoil Use Sphere in the Kyrgyz Republic. The head of state noted that taxes in the mining industry ranged from 15% to 50%…
