The authorities of the Tambov region have decided to develop the Central titanium deposit themselves. The deposit is considered to be one of the largest in the world. The regional administration bought out the right to develop the deposit from VSMPO-Avisma in 2008. The license is expected to have been received by the end of…
In August Energomashspetsstal sold 460 tons of products to 10 Ukrainian companies. In particular, the buyers were Magma LLC, Furlender Windtechnology LLC, Mariupol Ilyich Iron and Steel Works, etc. The company is also engaged in the manufacture of spare parts for Kramatorsk wind plants. Last month EMSS shipped the 12th frame of the gondola with…
Kazakhstan mining company Eurasian Resources Group intends to implement a Bamin iron ore project in Brazil and is negotiating with several probable partners. The cost of the project is $2.6 billion, of which some $1 billion accounts for the construction of a railroad and a deep-sea port. The project was initiated in 2005, but was…
Opposition MP Sergey Bagratyan from the Prosperous Armenia (BHK) party suggests setting up an ad hoc committee to validate the report issued by Lydian Armenia, the gold developing company that seeks to resume operations at the Amulsar mine. “The figures in Amulsar operating Lydian Armenia’s reports, according to estimates of our experts, are highly exaggerated.…
ArcelorMittal Kriviy Rih might be forced to suspend the operation of its mine named after Artem in case the duty for iron ore mining is increased according to the draft decree No. 1210 submitted to the Verkhovna Rada. “If the state wants raw materials processing to be 100%, it will be 100%. But then we…
Economic Times reported that Jindal Steel & Power Ltd MD Mr VR Sharma in an interview with ETNOW, while replying to a question “How much of your debt is coming up for maturing in FY20? What exactly is your plan to service the same?” said that “Debt is a financial mechanism. No industry will survive…
China's Dalian iron ore futures rose for a third session on Wednesday, boosted by falling shipments from big miners and hopes of further economic stimulus by the country, after it scrapped restrictions on two major inbound investment schemes. The most actively trade iron ore futures contract on the Dalian Commodity Exchange, for January 2020 delivery,…
Spot prices for battery-grade lithium hydroxide in China were down this week due to ample availability of the material and a lack of significant demand ahead of national holidays in the country to mark the Mid-Autumn Festival (September 13-15). Battery-grade lithium hydroxide prices across other global regions were similarly down, with participants citing wide availability…
