Wadless Holdings Limited (Cyprus) has filed a claim to the Yuzhniy Mining and Processing Works demanding the recovery of the debt on dividends valued at 132.32 million UAH. The company owns 21.16 million shares of UGOK and thus is entitled to the dividends of 132.32 million UAH (6.25 UAH per ordinary share), according to the…
Vorkutaugol has started operating at a new long face. The reserves of the face are estimated at 754 thousand tons of coking coal. The design output of the face is some 1.5 thousand tons of coal per day. The development of the face will last till October 2020. (Ukrainian metal)
Kraszvetmet, the largest manufacturer of gold in Russia, could become a base for the creation of a non-ferrous metals processing holding. In 2018 the company set a record having produced 234 tons of gold. Last year Russia produced 314 tons of gold, which also became its historical maximum. The holding will unite Kraszvetmet, Moscow Special…
The government of the Khabarovsk region has developed a region bill on the limitation of the tax preferences on the extraction and processing of precious metals. Coal mining and wood procurement could also be added to the project in future. For each ton of gold extracted the region receives 342 million rubles, while Chukotka Autonomous…
On May 20-24, Revda Non-Ferrous Metals Processing Works welcomed Bureau Veritas Certification specialist Nadezhda Sokolova. The expert checked the compliance of the company quality management system to the ISO 9001:2015 requirements as well as the environment management system to ISO 14001:20015. Sokolova recommended prolonging the certificates till 2020. (Ukrainian metal)
NLMK-Kaluga has been named the best employer in the metal field at the regional competition “Employer of the year – 2018”. In 2017 the company was also nominated for the award. The jury has highly evaluated the company personnel program, professional training and development, etc. This year NLMK-Kaluga has become a winner in the “Popularization…
The National Security and Defense Council will discuss the problems of the coal industry. “An accident has happened at a Lvivugol mine – we have lost two miners. We have also learned of the problems in miners’ labor safety. This is a very complex issue. Hence, we are calling the meeting of the NSDC”, the…
Magnitogorsk Iron & Steel Works (MMK) has started to co-finance projects implemented by the residents of MMK-Industrial Park in order to support and enhance business development in Magnitogorsk. MMK’s co-financing is provided on a competitive basis for the creation of new, or the expansion of existing, production. The share of co-financing amounts for up to…