In January-September Ukraine mined 24.849 million tons of coal, down by 5.1% YoY. According to the Ministry of energy and coal industry, coking coal output dropped by 11.8%, to 4.463 million tons, and of power-generating coal by 3.5%, to 20.385 million tons. In September coal output grew by 8.3% YoY, to 2.781 million tons. The…
In January-September Norilsk Nickel received 146.38 billion rubles of net profit as calculated under the Russian standards, up by 49.8% YoY. According to the group statement, its revenue increased by 45.6%, to 447.53 billion rubles, gross profit amounted to 279.52 billion rubles, up by 57.5%, and sales profit went up by 63.1%, to 249.35 billion…
The Subsoil Use Licensing Commission denied Alliance Altyn’s application for obtaining permission to pledge a license for development of Jerooy gold deposit in a bank for taking a loan, the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan reported. The commission denied the application due to litigation over the accrued fines under the…
Prices of precious metals decreased in Azerbaijan on October 31, according to the data published by the Central Bank. The price of gold dropped by 18.9975 manats, to 2,068.4155 manats per ounce on October 31 compared to the price on October 30. The price of silver fell by 0.2183 manats, to 24.4553 manats per ounce.…
The bank Otkrytie has provided the Ural Mining-Metallurgical Company with a financing in the volume of 15 billion rubles to be returned in October 2021. The funds will be spent to refinance the current loan obligations and cover operational expenses. “The financing from the bank Otkrytie will allow UMMC to increase business volumes, including by…
In January-September Trevozhnoye Zarevo, developing the Asachinskoye deposits in Kamchatka, extracted 920 kg of gold and 2.8 tons of silver. Gold output grew by 16.5% YoY and that of silver – more than 2-fold. In January-September 2017 the output was 790 kg of gold and 1.4 tons of silver. This year the company intends to…
In January-September Yakutia mined 13.037 million tons of coal, up by 5.2% YoY. In Q1 the output was 4.256 million tons, up by 6.6% YoY, in Q2 – 4.296 million tons (+3.7%) and in Q3 – 4.526 million tons (+5.7%). This year the region intends to yield 18 million tons of coal, up by 7%…
The Metprom Group of Companies is designing a mini-works to produce bars in the town of Bratsk – the Bratsk Iron and Steel Works. The plant in the Irkutsk region is supposed to have a capacity of 270 thousand tons per year. Investments in the project will exceed 7 billion rubles. (Ukrainian metal)