In January-November the Fund of the Social Insurance paid 4.52 billion UAH to miners, who suffered as a result of accidents, and their families. The payments grew by 10% YoY. Monthly insurance payments reached 4.4 billion UAH. They are paid to 88.6 thousand miners and their families. An average amount of an insurance payment is…
Rudnik Karalveyem has become the winner of the auction to sell the Dymny Brook alluvial gold site in Chukotka Autonomous District. The auction was held on December 17. The final price was 10.08 million rubles. The same day another site was auctioned – at the Braslet Brook. The site was purchased by Altai LLC for…
Olkon has commissioned its second EKG-15 excavator. The first machine has been operating at the Komsomolsky quarry since late June. The second will be operating at the Kirovogorsky quarry. It took the company 2 months to assemble the excavator. In early 2020 Olkon will put another EKG-12 excavator into operation at the Central quarry. (Ukrainian…
In January-November Boshnyakovsky Coal Pit LLC (Sakhalin) extracted 919.2 thousand tons of coal, up by 12.7% YoY. This year the enterprise intends to extract 1 million tons of coal. Thus, the output plan has been 91.92% fulfilled. The pit uses 3 excavators with the ladle volume of 12 and 15 cubic meters, as well as…
Kedrovsky Coal Pit has become the first Kuzbassrazrezugol enterprise to fulfill its annual output plan. So far the pit has extracted 4.9 million tons of coal. Until the end of the year 60 thousand tons more will be extracted. In December the pit turns 65 years old. (Ukrainian metal)
Backstar Holdings Limited (Cyprus) has decreased its share in Seligdar from 8.45% to 3.75%. The company has sold 46.7 million (4.7%) of voting shares. The amount of the deal was not disclosed. As of December 19, the company owned 37.2 million Seligdar shares. Backstar Holdings bought 75.9 million shares in November, having increased its share…
Almalyk Mining and Processing Works intends to modernize its copper-processing factory. In particular, the company will replace two outdated GIST-72 screens before medium crushing with 3 new SHR-24-10.5×2.3 screens, as well as 9 GIST-71 screens before fine screening with the same number of upgraded SMR-25-12.4×2.9 screens. Moreover, two new highly efficient fine crushers will be…
In late November a Safran Landing Systems delegation visited VSMPO-Avisma. The goal of the visit was to conduct a certification audit. The experts inspected the control of materials, ingot smelting, billet forging, stamping manufacture as well as mechanical and thermal treatment when making stampings of titanium alloys for Airbus 350. The audit will result in…
