The Russian Copper Company and the National prospecting company Kazgeologia have signed a memorandum of cooperation in seeking out and developing non-ferrous and polymetallic ore deposits on the territory of Kazakhstan. “RCC has been operating in Kazakhstan for almost 15 years. We see the interest of the authorities in the cooperation development with Russian companies.…
Up to 1 thousand miners are striking near the building of the Verkhovnaya Rada demanding their salary debts to be cleared. They make noise by hitting their helmets on the road. They also carry banners with the inscription of “We do not demand what is not ours. We have come for our salary”, “Give us…
Metinvest has won the golden medal of the SAP Quality Awards 2018 for the best innovation project in Central and Eastern Europe. Metinvest participated in the competition for the first time. The group project “Coal-coke-pig iron” was nominated in the innovation category. The group specialists have developed and implemented the system to plan the through…
Having prohibited the exports of scrap from the main Far East ports for 6 months to help Amurmetal with raw materials, the government can now take similar measures to help Abinsk Electrometallurgical Works (AEMZ). The Ministry of industry and trade intends to hold a meeting on providing AEMZ with raw materials. The authorities of Krasnodar…
Magnitogorsk Iron and Steel Works (MMK) won the XV industry competition titled “Metal and Mining Enterprises with Highly Effective CSR”. The competition participants were 61 metal and mining enterprises. For the second year in a row, MMK is amongst the winners in the category “Environmental Protection and Resource Management”. MMK’s investments in environment protection last…
The prices of the main precious metals varied in Azerbaijan on July 5, according to the data published by the Central Bank. The cost of gold decreased by 2.686 manats, to 2,133.7975 manats per ounce compared to the price on July 4. The cost of silver decreased by 0.0476 manats, to 27.2734 manats per ounce.…
S & P Global Rating believes that the Eurasian Resources Group will see a higher financial stability, and has increased its long-term rating to B from B-. Last year the group EBITDA reached $2 billion, and its free fund flow was positive ($476 million). The group was able to strengthen its positions due to FeCr…
By 2024 Seligdar intends to have increased gold output to 10 tons. According to the company development strategy, the first stage of 2018-2021 will see gold output increase to 8 tons. The second stage of 2022-2024 presupposes the commissioning of the Khvoyniy site in Yakutia with the capacity of over 2 tons of gold a…