Ukraine: Avellana Gold gets back earlier withdrawn license for polymetal mining

The Prosecutor General’s Office of Ukraine has returned to the U.S.-based Avellana Gold international mining company the previously withdrawn special permit for the development of Muzhievo polymetallic ore deposit in Zakarpattia, the west of Ukraine, as well as confidential geological information about the field, according to the company’s press service. “The General Prosecutor Office has…

Russia: REMZ to be reanimated

At the meeting of the Shakhty City Council the Department of economy director Vladimir Gorshkov said, that soon the Rostovsky Electrometallurgical Works would be operating at full capacity. The industrial indexes of REMZ dropped to 87%. The city is taking measures to resume normal operation at the major works. A commission has been created to…

Russia: Severstal to hold Capital Markets Day 2017

Severstal, one of the world’s leading vertically integrated steel and steel-related mining companies, announces that it will be hosting its annual Capital Markets Day in London on November 2. Severstal’s Chairman, Alexei Mordashov, will open the event via video address. Alexander Shevelev (CEO), Alexei Kulichenko (CFO), Dmitry Goroshkov (Marketing Director), Sakari Tamminen (Senior Independent Director)…

Ukraine: UGOK concentrate up in October 2017

In October Yuzhniy Mining and Processing Works produced 1.115 million tons of concentrate, up by 7.8% YoY. According to the company statement, sinter output dropped by 26.1%, to 168.3 thousand tons. In January-October UGOK increased concentrate output by 11.1% YoY, to 10.285 million tons, while that of sinter decreased by 10.2%, to 1.56 million tons.…