The first blasting operations were carried out at the 570th horizon of the large gold deposit, Muruntau, located in the Kyzyl Kum and developed by the Navoi Mining and Metallurgical Combine. Over the past 50 years, since the beginning of the Kyzyl Kum development, more than 1.5 billion cubic meters of rock have been mined…
A pipe of a local mining company in Ak-Tyuz village, Kemin district, running along the road, burst and chemical wastes flowed into the river and onto the road. According to local residents, the pipe runs from the gold recovery plant to the dam from the tailing dumps. “It happened yesterday. The wastes have been flowing…
Ukrzaliznytsia (Ukrainian Railways) has concluded 37 agreements with Sota Ukraina LLC for the delivery of steel valued at 110.32 million UAH. In particular, Darnitsa Wagon-Repair Works placed 36 orders valued at 106.66 million UAH. The two most expensive orders (8.23 million UAH) provide for the supply of sheet steel produced by Mariupol Ilyich Iron and…
Inna Ponomareva has become a new CEO of the metal trading company Firma Vicant. She has previously worked as the sales director. Grigory Nosko, who headed the company prior to Ponomareva, left Vikant. In 2017 Vikant imported 121 thousand tons of rolled metal and started cooperating with Metinvest in pipes purchases. This year the company…
In 2017 Chelyabinsk Iron and Steel Works received 5.392 billion rubles of net profit, down 2.8-fold YoY. Revenue grew by 10.7%, to 118.567 billion rubles, domestic sales accounted for 106.303 billion rubles. Gross profit fell by 26,6%. Sales profit dropped almost 2-fold, to 6.965 billion rubles. The company accounts receivable increased from 25.475 billion rubles…
Polymetal has concluded the first agreement on the sale of concentrate from Kyzyl. The purchaser of the concentrate is one of the current trade partners of Polymetal’s, which for the past two years has acquired a considerable volume of concentrate from Maysky. According to the agreement, the buyer has to purchase at least 50% of…
Novgorodsky Iron and Steel Works has begun the final stage of copper electrolysis shop scrap-conveyor reconstruction. The conveyor transports anode remnants from the electrolysis shop to the copper smelting shop. Earlier all was done manually. Scrap was unloaded from the height of 1.7 meters, which made the process difficult and dangerous. The conveyor will be…
The researchers from the Institute of Geology and Mineralogy have found gold-containing minerals at the Maletoyvayam deposits in Kamchatka. The prospecting was carried out at the order of the research company Elekhim. In particular, the new type of mineral contained compounds of gold with tellurium, sulfur and selenium. Gold can be found with silver impurities,…