Ukraine: Centravis expecting sales increase

Centravis Production Ukraine forecasts that in 2017 its sales will grow by 20% YoY.

“Sales volume-wise we will grow this year by 20% it tons”, the company sales director Waldemar Scheiermann said.

According to him, the company orders portfolio in 2017 narrowed as it cut short-run and low-margin products. (Ukrainian metal)

Ukraine: Sukhaya Balka no longer Evraz

The new shareholders of Evraz Sukhaya Balka, sold in May to DCH, at their meeting on December 27 made several decisions regarding the company. “The shareholders have decided to rename the company into Sukhaya Balka”, the company statement reports. The corresponding changes will be introduced to the state registries. The company annual output is over…

Azerbaijan: Russian mining companies to co-operate with colleagues

Seven companies of Russia’s Arkhangelsk region, engaged in mining, are interested in cooperation with their colleagues from Azerbaijan. The list of these Russian companies has been published by the Azerbaijan Export and Investment Promotion Foundation (AZPROMO). These are PJSC Severalmaz, JSC Arkhangelskgeoldobycha (diamond mining), LLC Onega Nerud (mining), JSC Severo-Onega bauxite mine (bauxite, clay, basalt…

Ukraine: third vessel with U.S. coal arrives

SBI Carioca bulk carrier has delivered 60,000 tons of coking coal from the United States to the port of Chornomorsk in Odessa region, according to the port’s dispatcher service. The bulk carrier was moored to berth No. 1 of the first terminal on December 26. “It has delivered coking coal of Rocklick and Premium Eagle…

Azerbaijan: AzerGold to finish above ground development of Chovdar in 2020

In 2020 AzerGold plans to finish the above ground (oxide) development of its Chovdar deposits.

After that, in 2021, the underground development stage will begin.

Soon the company will also start drilling at the Ortakend site of the Goydag-Alindzha ore field. (Ukrainian metal)

Russia: TMK to produce new pipes for Gazprom

Saint Petersburg hosted a meeting of the Gazprom chairman Alexei Miller and TMK chairman Dmitry Pumpyansky. They discussed current issues and the prospects of cooperation development. In particular, creation of new products for Gazprom. In December 2014 Gazprom and the major Russian pipe producers signed cooperation agreements for 2015-2020. In October 2016 they were reviewed…

Russia: Evraz to improve Abagurskaya Factory output

The Abagurskaya Processing Factory of Evrazruda has started the project to increase the milling site output. Four ball mills will be replaced with more efficient ones, and another mill will be added. Assembly work will end in summer 2018. Investments will total 140 million rubles. Modernization will increase the milling of the primary concentrate by…

Russia: Norilsk Nickel signs $2.5 billion syndicated facility agreement with international banks

PJSC MMC Norilsk Nickel announces the signing of a 5-year $2.5 billion facility agreement with the syndicate of international financial institutions. Taking advantage of the current market conditions the company achieved favorable terms of the syndicated loan supported by the considerable demand from a number of American, European and Asian banks. The proceeds will be…

Ukraine: 4 coal enterprises get loan guarantees

The Cabinet of Ministers has provided the state enterprises Pervomayskugol, Selidovugol, Toretskugol and the Mine named after Surgay with state guarantees on loans for investment projects. The state guarantee is given to cover the main sum, interest and commissions. The payment for the state guarantee is 0.001% of the volume unpaid. Pervomayskugol borrows 276.21 million…

Kyrgyzstan not to agree to 100% share in Kumtor

An expert, Doctor of Technical Sciences Duyshenbek Kamchybekov, said why Kyrgyzstan should not agree to 100% share in Kumtor Gold Company CJSC. According to him, the reserves at the mine will be depleted in the near future. “Mining works will be completed by 2023. While Kumtor has been working since 1997, thanks to its money,…

Ukraine: AMKR finishes construction of the first stage of Centralnoye tailings pond

ArcelorMittal Kriviy Rih has finished the construction of the first stage of the Centralnoye tailings pond. According to the company statement, the pond is used to store empty ore and processing waste. The volume of the pond is 13.8 million cubic meters. The project cost is $10.7 million. AMKR also uses two more tailings ponds…