Cherepovets Iron and Steel Works has completed a number of capital repairs of its blast furnaces Nos. 4 and 5. As the result of the repair, the operation life of the BF5, which produces 50% of the CherMK pig iron, will be extended till 2022. BF4 accounts for the second largest pig iron output at…
The Arbitrary court of the Krasnodar region has started a bankruptcy procedure at the Krasnodar Metal Structures Works. The case was initiated by SBK-Retail claiming the recovery of 1.4 billion rubles. In 2011 KZMK borrowed 1.2 billion rubles from Sberbank to finance modernization. Later the bank sold its rights to SBK-Retail. In 2017 KZMK revenue…
Mining company Darkhan LLC has completed the stage of the pilot operation of the Kirchen deposit in Zabaikalye district. Soon the company will reach design capacity. The Kirchen factory will annually process at least 340 thousand tons of ore and produce some 600-650 kg of gold. 350 jobs will be created. This year 30 million…
Government of Kyrgyzstan asks for permission to process uranium at Kara-Balta Mining Combine, the Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev said at a meeting of the Committee on Fuel, Energy Complex and Subsoil Use of the Parliament. He stressed that the Cabinet had passed a resolution banning development of uranium in the country. “Thorium was…
Government of Kyrgyzstan asks members of the Parliament to hold hearings on Kumtor without participation of the media. Chairman of the Committee on Fuel, Energy Complex and Subsoil Use of the Parliament Kozhobek Ryspaev announced at its meeting. MPs supported the proposal of the Cabinet. The Prime Minister Mukhammedkaly Abylgaziev will personally inform MPs on…
An enterprise to process ore containing rare and non-ferrous metals is expected to be constructed. A corresponding memorandum has been signed between the Ministry of industry and new techniques and Resource Company Tibet-Everest LLC (created by the Tajik-Chinese Mining Company). When the enterprise is commissioned the ore processing at the company will grow 2.4-fold, from…
According to the State Statistics Committee, in January-May Uzbekistan mined 1239.2 thousand tons of coal, down by 15.3% YoY. The decrease in coal mining is accompanied by the rapid price growth. Compared with May 2018, the price has increased 1.7-fold. The need in investments in coal industry is estimated at $420 million. (Ukrainian metal)
Since the start of the year Polyus Aldan has obtained 3 tons of gold. Last year the result was reached several weeks later – on July 12. Polyus Aldan is developing 11 gold deposits on the territory of the Kuranakh ore field in the Republic of Sakha (Yakutia). (Ukrainian metal)