There are no large deposits in Kyrgyzstan, only two medium ones – Sary-Dzhaz area and Kyzyl-Ompol placer deposit, Karybek Ibraev, Deputy Chairman of the State Committee for Industry, Energy and Subsoil Use, said on May 7 at public hearings. According to him, there are about 8,000 tons of uranium in Sary-Dzhaz area and some 13,000…
Mangazeya Mining Ltd, mining gold in Zabaikalye region, in 2018 increased output by 13.9% YoY, to 27.7 thousand ounces. In particular, output at the Savkinskoye deposit dropped by 19.1%, to 19.7 thousand ounces. Operation at the Kochkovskoye deposit started in April 2018. Since then 6.56 thousand ounces of ore gold and 1.44 thousand ounces of…
Severstal has signed a binding agreement to sell Severstal – Bar Works Balakovo to Abinsk Electrometallurgical Works LLC for $215 million. The deal is expected to be finalized in H1. After the sale the group will concentrate on the manufacture of steel at its main asset – Cherepovets Iron and Steel Works. Bar Works Balakovo…
“The draft law on imposing a moratorium on uranium mining in Kyrgyzstan is initially clear and short to avoid some interpretations and loopholes,” MP Kanat Kerezbekov said at public hearings on May 7. According to him, this decision was made in order to avoid future extension of licenses for prospecting and exploration of uranium The…
Fitch Ratings has improved Metalloinvest ratings to BB+ with stable outlook from BB positive. The move reflects the strong operational profile of the company with the strategic focus on high-added value products, competitive position, considerable liquidity, and increase of financial indexes, as well as takes into account of the company progress in improving corporate management.…
In April, Ukraine produced almost 2.5 million tons of coal, down by 2% from the target. This has been reported by the Coal Miners Union of Ukraine with a reference to the data provided by the Energy and Coal Industry Ministry. “In April, coal mining enterprises of Ukraine of all forms of ownership produced 2,466,500…
