The combined gold production of companies in Magadan region rose by 21% YoY, to 36.1 tons in January-September, the region’s government said in a statement on October 22. The region’s Tenkinsky City District is the leading gold producer with an output of 14.5 tons. Production of alluvial gold amounted to 15.8 tons in the period,…
In January-September Promlit LLC, a major manufacturer of railroad car castings, increased average monthly output 3.3-fold YoY. The goal for the year presupposes the manufacture of 43,817 tons of castings. So far 33,831 tons have been produced, or 77%. Bulk castings constitute the lion’s share of the output. In September the company increased manufacture by…
Kerch Iron and Steel Works, situated in the Russia-annexed Crimea, has been forcedly reorganized from the state unitary enterprise into a joint stock company. Moreover, the company has been transferred under the control of the so-called Ministry of property and land relations. The ministry now owns 100% of the company. (Ukrainian metal)
In January-September Seligdar excavated 20.2 million cubic meters of rock, up by 33% YoY. Ore output totaled 9422 thousand tons, up by 2%, and sands grew from 100 to 166 thousand cubic meters. Gold manufacture went up by 15%, to 4870 kg. Gold sales grew by 28%, to 5019 kg. Sales revenue totaled 14.8 billion…
In January-September Rusolovo extracted 313 thousand tons of tin ore, up by 47% YoY. Ore processing grew by 62%, to 316 thousand tons. Tin concentrate manufacture increased by 72%, to 1,611 tons, more than in the whole 2018. Tungsten concentrate output totaled 59 tons, up by 49%. Tin sales revenue went up by 88%, to…
Seligdar has reached an agreement with a bank to pay interim dividends for January-September. “First, the issue will be mulled at the board of directors session, and after that approved at the extraordinary meeting of shareholders. The net profit for 9 months will serve as a source for paying dividends. The amount has to cover…
VSMPO-Avisma has a large-scale investment plan for 2020. It will be the first step of a new growth strategy to be carried out until 2026. Infrastructure and industrial safety will see the largest investments. In the corporation itself the most will be invested in the modernization of smelting furnaces. Instead of the disassembled Retec a…
Poltava Mining and Processing Works will increase its statutory capital by 62.3%, or by 1.19 billion UAH, by issuing additional shares. The National commission on securities and stock market registered the issue on October 18. As of July 31 PGOK statutory capital amounted to 1.9 billion UAH and was divided into 191 million shares with…
