The government of Tajikistan has bought 5% of shares in the Zarafshon gold mining facility, a Tajik-Chinese joint venture, for $1, a source in the Tajik government said on February 15. The agreement with the Chinese side was signed by Farrukh Hamralizoda, head of the Tajik State Property Committee, on the instruction of Tajik President…
The state enterprise Yuzhnodonbasskoye No. 1 Mine Group has ordered the Girnyk LLC the work to replace reinforcing of the cage shaft valued at 15.17 million UAH. The works have to be carried within 3 months. The contractor has to provide a 12-months guarantee. (Ukrainian metal)
PJSC ArcelorMittal Kriviy Rih (Dnipropetrovsk region) after blocking the receipt of raw materials from the territory temporarily uncontrolled by Ukraine has started purchases in the Russian Federation. Girish Sardana, the head of the company’s supply department, said that basically the problems in 2017 concerned the supply of raw materials. According to him, “in connection with…
The Kremlin will not interfere in disagreements between shareholders of Norilsk Nickel, but hopes they will not hurt its operations, presidential spokesman Dmitry Peskov declared. Tycoon Vladimir Potanin’s Interros, the owner of 30.3% in Norilsk Nickel, offered to buy a 4.95% stake in the company from Crispian Investments Ltd, affiliated with Roman Abramovich and his…
On February 18 Metinvest paid $14.8 million of interest on Eurobonds with the maturity on December 31, 2021. This volume consists of $8.289 million of guaranteed interest income of 2.793% for the period from November 18, 2017 till February 18, 2018, as well as $6.508 million of non-guaranteed interest income for the period of January…
In January the Zabaykalye region mined 281.7 kg of ore gold, up by 3.5% YoY. As of February 1, Mangazeya Mining LLC, Darkhan LLC and Novoshirokinsky Mine have been mining for gold. Silver output reached 1200 kg. Only Novoshirokinsky Mine extracts silver. In 2017 the region obtained 13 tons of gold and over 40 tons…
An enterprise of Rosgeologia has completed the prospecting works within the Dakhovskoye gold deposits in the Republic of Adygeia. Following the prospecting, gold-quartz-sulfide ores were found. Estimated reserves are 73.79 tons of R2 gold, including 50.98 tons with 2.8 g per ton at the Shibaba site, 13.02 tons with 1.66 g per ton at the…
This year Severstal will supply some 209 thousand tons of rolled metal to railroad car building companies of the United Wagon Company. Cherepovets Iron and Steel Works has been supplying sheets and coils, as well as pipes and bars to the OVK enterprises. The metal is used to manufacture various parts of railroad cars. Last…
