Russia: Severstal buys Yakovlevsky GOK shares

Severstal has purchased 100% of Yakovlevsky Mining and Processing Works shares for 7.89 billion rubles. Their major part was received as part of the debt payment from Metal-group LLC. In July 2017 Severstal bought out the LLC debt to Gazprom. In 2018 Metal-group was declared bankrupt. Severstal will continue developing Yakovlevsky GOK. This year ore…

Ukraine: AMKR cooperation with Belarus to become more mutually beneficial

Mutual increase of purchases of in-demand goods will help expand trade and economic relations between Belarus and Ukraine, as Paramjit Kahlon, Chief Executive Officer of PJSC ArcelorMittal Kriviy Rih, mentioned in his speech at Ukrainian-Belarusian forum “Cooperation and partnership”. The forum has been held in Kriviy Rih for the first time. Igor Sokol, the Ambassador…

Russia: Gran to increase gold output by 2020

Gran LLC, the gold-extracting company from Magadan region, intends to have increased alluvial gold extraction to 500 kg by 2020. In the 2018 season the company obtained 300 kg of gold. Last year the output was 281.1 kg. This year the company has commissioned a processing complex with the daily capacity of 1.5-2 thousand cubic…