The US company Epsilon Development in partnership with the Austrian company Oberhofer Projektmanagement GmbH will invest 100 million euros in the construction of a new plant in the Angren free economic zone in Uzbekistan. The companies have already created a foreign enterprise “Steel Innovation Systems” to implement this project. “The new plant will be engaged…
A miner was killed in an accident at one of the mines located in Ukraine’s western Lviv region, a local council member Ihor Zinkevych reported. The official said the tragedy occurred at the Nadiia Mine in the village of Selets, Sokal district. The miner died as a result of a cave-in some 500 meters below…
Illegal business activity during development of alluvial gold deposits was revealed in Toktogul district of Jalal-Abad region of Kyrgyzstan, the State Service for Combating Economic Crimes reported. According to it, the State Committee for Industry, Energy and Subsoil Use banned alluvial gold mining operations before submitting a temporary certificate for the right to use the…
Shelekhov town bailiffs (Irkutsk region) have recovered 35.6 million rubles from an aluminum works. The regional prosecutor has filed a claim against a local plant (Irkutsk Aluminum Works) to recover damages to the soil as a result of the filtrate spilled outside the waste landfill as well as on the forest territory. The Shelekhov town…
The price of one ounce of gold increased by 13.3195 manats or by 0.6% last week in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2,216.47275 manats. The price of one ounce of silver grew by 0.1779 manats or by 0.7%, to 26.1769 manats. The price of one ounce of platinum…
In 2018 the Amur miners team, developing the Konder platinum deposit in Khabarovsk region, received 467.5 million rubles of revenue, down 6-fold YoY. The net loss was 2.436 billion rubles, down 3.7-fold. Last year the enterprise extracted 238.3 kg of platinum as opposed to 1.275 kg in 2017. The decrease in the output has to…
Chelyabvtormet could not resume its permit for air pollution suspended by the regional environment service. The permit was suspended in November 2018. In December 2018 the regional governor Boris Dubrovsky demanded the casting shop of the company to be closed down because of the extensive air pollution. While the company is permitted to process ferrous…
In H1 Zagorsky Pipe Works intends to reach the debt to EBITDA ration of 1.0. The company’s main customer is Gazprom. At present ZTZ has orders for 2 years. Almost all orders have been concluded with Gazprom. The latest was for the delivery of 500 thousand tons of large diameter pipes for a Sila Sibiri…
