The Russian companies plan to sign a memorandum on finishing construction of the Ajaokuta steel plant in Nigeria during the Russia-Africa forum scheduled for October 23-24, Andrei Slepnev, CEO of the Russian Export Center, reported. “We plan to sign the most important cooperation memorandum to finish construction of the Ajaokuta Steel Plant in Nigeria. Returning…
Employees of Kara-Balta Mining Combine ask members of the parliament to hold off on passing a bill banning extraction and processing of uranium and thorium. According to Maxim Savosin, Deputy Director for Production at Kara-Balta Mining Combine, the bill may lead to complete closure of the combine. It has been working without failures for more…
Average republican coal prices have grown by 27.04 soms per ton, or by 0.6%, over the week. The National Statistical Committee of Kyrgyzstan presented such data. According to the committee, the maximum average consumer prices for coal were registered in Batken (8,500 soms), Kara-Suu (7,745.97 soms) and Nookat (6,986.64 soms). At the same time, the…
Last week the price of one ounce of gold increased by 7.599 manats or by 0.3%. Accordingly, the average price of one ounce of gold stood at 2,531.2014 manats. The price of one ounce of silver decreased by 0.0747 manats or by 0.25%, to 29.7769 manats. The price of one ounce of platinum dropped by…
Georgian Manganese Company has released a preliminary conclusion for the tragic incident that occurred at Darkveti mine in the western region of Chiatura, saying that the fatality “was not caused due to technical malfunction, a land collapse or any other accident at the scene”. Miner Gaga Botchorishvili, 26, died at the Darkveti mine. “It is…
Metalloinvest has started selling premium quality pellets from Mikhailovsky Mining and Processing Works. The pellets with the iron content of not less than 63% were produced for ArcelorMittal and Nippon Steel out of concentrate from Mikhailovsky and Lebedinsky GOKs. Metalloinvest is carrying out a project to increase iron ore concentrate and pellets quality at MGOK.…
Evraz will increase its capital investments in 2020-2023 from $850 in 2019 to $1 billion per year. The list of main investment project will not change. The main projects are modernization of the rail and beam mill at Evraz NTMK, construction of flat rolled metal manufacture at Evraz ZSMK and the new line to produce…
U.K.-based mining giant Evraz, which operates mainly in Russia, has no plans to change its dividend policy, Vice President for Finance Nikolai Ivanov said during the company’s investor day. “We are not considering any changes to our dividend policy as of today,” he said. Under the company’s dividend policy, it pays at least $300 million…