A bus, transporting employees of the Ingulskaya mine of the state enterprise Vostochniy Mining and Processing Works got into a road accident in Kirovograd region. According to the Independent Miners’ Union of Ukraine chairman Mikhail Volynets, some miners were injured. “The bus was driving to the mine when it hit and overturned the truck refrigerator…
In 2017 Metinvest occupied the 42nd place in the world largest steel manufacturers list, having produced 9.59 million tons. In 2016 the group occupied the 37th place with 10.34 million tons, while in 2015 – the 40th with 9.65 million tons and the 33rd in 2014 (11.18 million tons). The largest steel manufacturer last year…
On May 23 a new long face No. 132 at the Stepnaya mine of the state enterprise Lvivugol was put into operation. The reserves of the low-ash coal reach 163.9 thousand tons, the length of the face is 150 meters with the possibility to increase to 220 m. The miners will be developing the face…
The prices of precious metals, except for palladium, decreased on May 29, according to the data published by the Central Bank. The cost of gold decreased by 7.7095 manats, to 2206.583 manats per troy ounce, compared to the price on May 25. The cost of silver decreased by 0.26 manats, to 27.9821 manats per ounce.…
As part of the implementation of its Big Data strategic initiative, Magnitogorsk Iron & Steel Works is planning to complete five projects in 2018 that will result in savings of over 40 million rubles a year. At the end of 2015 MMK adopted a new development strategy for the period through 2025 that included, among…
Since 2015 KAZ Minerals Bozymchak has exported 9,760 tons of gold concentrate from Kyrgyzstan, the State Service for Combating Economic Crimes reported. The audit report of the Accounting Chamber confirmed the data. “In December 2017 the Investigation Department of the State Service for Combating Economic Crimes instituted criminal proceedings under the article “Abuse of power…
A Russian metallurgical company based in Verkhnyaya Pyshma, the second largest copper producer in Russia, has expressed willingness to cooperate with Iran in the country’s mining sector. “We can cooperate with Iran in various fields by having access to Iran’s projects,” Sergo Kurbanov, an official with UMMC (Ural Mining and Metallurgical Company) said during a…
Representatives of the Chinese gold mining company, GL Makmal Developing LLC, will not demand from the government of Kyrgyzstan the compensation for the damages so far. According to them, the preliminary amount of damage is $2.3 million. “But we do not put forward demands. We are waiting for the interdepartmental commission to finish its work.…
