Russia: Charan gets the Rachyu alluvial site

Charan LLC, extracting gold in the Republic of Sakha (Yaukutia) at the auction won the right to develop an alluvial gold site at the Rachyu Brook.

The company competitor was Sibresursproekt LLC.

Charan offered 1.320550 million rubles for the site. (Ukrainian metal)

Kyrgyzstan: new fields not prospected for uranium

At present, work on issued uranium exploration licenses in Kyrgyzstan is not carried out in full, Emil Osmonbetov, Chairman of the State Committee for Industry, Energy and Subsoil Use, said at a meeting of the Parliament. The First Deputy Prime Minister Kubatbek Boronov said that, according to updated data, 18 licenses for prospecting and exploration…

Ukraine: Zaporizhstal confirms railroad transportation correspondence

Zaporizhstal has successfully passed a re-certification audit and received a certificate of the correspondence to provide railroad transportation services. The specialists have inspected the systemic work of the company to replace rolling stock, provide for safety at all the stages of the transportation process and advanced training of the personnel. Since 2017, Zaporizhstal has been…

Ukraine: CGOK profit down in 2018

In 2018 the Central Mining and Processing Works received 2.254 billion UAH of net profit, down by 16.8% YoY.

Net income grew by 5.7%, to 11.338 billion UAH.

Undistributed profit as of late 2018 totaled 5.788 billion UAH.

EBITDA decreased by 22.3%, to 2.568 billion UAH. (Ukrainian metal)

Ukraine: Ceramet profits in 2018

In 2018 Ceramet received 2.167 million UAH of net profit as opposed to the net loss of 48.265 million UAH in 2017. The company net income grew by 13.7%, to 1.092 billion UAH. This year Ceramet intends to increase scrap sales to 1 million tons, and shavings briquettes – to 50 thousand tons. Last year…

Russia: Kvartz to wash 100 kg of gold in 2019

The industrial company Kvartz, which is washing for alluvial gold in Zabaikalye region, intends to extract over 100 kg of gold this season.

Last year the company yielded 141 kg of gold.

This year the company will be operating at 5 sites.

The work started on April 29. (Ukrainian metal)