Highland Gold Mining Limited intends to commission the Blagodatnoye deposit in Khabarovsk region in 2024. The deposit resources are estimated at 777 thousand ounces of gold. At present the company is developing the Belay Gora deposit with the reserves of 601 thousand ounces of gold. Both deposits could be developed until 2032. Ore will be…
In May Russia imported 10.3 tons of tungsten and scrap, down by 31.8% MoM and by 61.5% YoY. In particular, deliveries from China decreased by 40.5%, to 8.6 tons. In 5 months tungsten imports totaled 56.6 tons, up by 0.9% YoY. In monetary terms since the start of the year imports have increased by 3.2%.…
In May Russia exported 26.5 tons of long rolled nickel, down by 50% MoM and by 39.5% YoY. Exports to Ukraine dropped by 86% MoM, to 3.5 tons, and to Latvia – by 10%, to 9.5 tons. Hungary imported 7.2 tons of rolled nickel, up by 43%. In 5 months exports totaled 225 tons, down…
Polymetal Int, uniting the assets of the Russian precious metals producer Polymetal International, will receive a 3.5% stake in company Chaarat after converting $10-million of bonds received as payment for the Kapan gold mine in Armenia, the company said in a statement on July 30. “Exchange of convertibles into Chaarat stock, working capital settlement, and…
Chinese company, which is developing a gold deposit in Solton-Sary, will pay compensation for the death of livestock, the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan reports. According to the committee, its Chairman Emil Osmonbetov asked the company’s management to resolve the issue in order to create a positive image of the…
Promoting steady growth and improving the efficiency are important for the Belarusian steel mill BMZ, Dmitry Korchik declared. On July 29 the president approved the appointment of Dmitry Korchik as director general of the Belarusian Steel Works Management Holding Company. “The company is known not only in Belarus but also throughout the world. The main…
The Federal Antimonopoly Service of Russia has approved the merge of the Satka Pig Iron Works and Kosaya Gora Iron and Steel Works. According to the FAS, the merge will not result in domination on the manganese ferroalloys market. SChPZ manufactures FMn78 and FMn75 manganese ferroalloys, while KMZ produces only FMn78 ferroalloys. After the merge…
Severniy Mining and Processing Works is replenishing and modernizing its water-sprinkling fleet to fight dust. In July, 10 special machines were put into operation. In particular, for Pervomaysky and Annovsky quarries the fifth BelAZ water-sprinkling machine with the tank of 119 cubic meters has been purchased. Another BelAZ with a smaller tank (32 cubic meters)…