Novokramatorskiy Machine-building Works has produced 8 ball mills with the central unloading at the order of the Yuzhniy Mining and Processing Works. 5 mills have already been shipped and are being assembled. Three more are being prepared for shipping. Due to their special construction, the mills will increase the processing factory capacity by 10%. 8…
One of the largest uranium and gold producers in the world, Uzbekistan’s Navoi Mining and Metallurgy Combinat (NMMC) is set to raise $1 billion from Russia’s VTB bank. A corresponding agreement was signed on the sidelines of the Economic Forum in Tashkent. Under the agreement, VTB will finance the investment program of the plant. The…
The government of Armenia has agreed to accept as a gift 25% of the shares of the Zangezur Copper-Molybdenum Combine, according to a document published online. The Office of the Prime Minister of Armenia will be managing the shares once the contract and state registration of property rights is completed within 10 days. The Zangezur…
The State Commission on Stocks has approved and put on the state balance C1+C2 reserves of ore gold in the amount of 87.71 tons at the deposit named after Mikhailov in the Republic of Kabardino-Balkaria. Now, this is the largest gold deposit not only in the North Caucasus, but also in the European part of…
Dneprovskiy Iron and Steel Combine has begun capital repairs of its sintering machine No. 1. In particular, a new cover will be constructed to localize most of dust emission. As a result of the repair, output is expected to increase by 550 tons per day. Metinvest has channeled 80 million UAH in the repair. (Ukrainian…