Shokpar and Gagarinskoye deposits have the reserves of over 21 tons of gold and 135 tons of silver. The reserves have been added to the state balance. In particular, the C1+C2 reserves of Gagarinskoye deposit amount to 2257.4 thousand tons of ore, 10104.3 kg of gold with the average content of 4.48 g per ton…
Uralelectromed has put into operation its second Outotec pelletizing furnace. The capacity of the machine is 2.6 tons of slurry per day. The operation of two furnaces will increase the efficiency of processing raw materials containing precious metals. The duration of smelting will decrease by 20%, while at the same time increasing the output of…
Severstal Board of Directors has recommended paying dividends for Q3 in the amount of 27.47 rubles per share. The decision will be taken at the extraordinary shareholders’ meeting scheduled for November 22. If the meeting approves of the decision, the date of creation of the list of shareholders liable for dividends will be December 3.…
In January-September Severstal received $1.393 million of net profit, down by 5.4% YoY. Revenue dropped by 2.7%, to $6.319 million EBITDA decreased by 6.2%, to $2.203 million. (Ukrainian metal)
Mechel has asked the Vice Prime Minister Dmitry Kozak to help return 50% of funds invested in the Donetsk Electrometallurgical Works (Ukraine). The company received DMEZ in 2009 under an agreement with A1. In 2 years Mechel bought the plant for $537 million with the funds borrowed from Alfa-Bank. The company had to pay the…
A mineworker has died in the western Georgian region of Chiatura. The tragic accident happened at the Darkveti mine at around 10 pm, claiming the life of Gaga Botchorishvili, 26. The Interior Ministry has launched an investigation to reveal the exact reason behind his death. In its recent report “No Year without Deaths’: A Decade…
In January-September 1.5 million tons of coal were mined, up by 203,000 tons YoY. In monetary terms, coal worth 236.5 million somoni ($24.5 million) was produced in Tajikistan in the indicated period. The coal stocks as of October 1 amounted to 411,300 tons, up by 207,300 tons. During the reporting period, 10,946 tons of coal…
In September Kazakhstan produced 0.323 million tons of steel, up by 1.5% YoY. In 9 months output dropped by 0.9% YoY, to 3.371 million tons. Flat rolled metal manufacture decreased by 32.5% YoY, to 0.125 million tons in September, and by 26.1%, to 1.629 million tons in 9 months. Kazakhstan produced 1.652 million tons of…