The Torex group of companies, the owner of the only steel producer in Russia’s Far East Amurmetal, has agreed to sell an unspecified stake in the plant to Hong Kong company Debang Guangdong International, Pavel Balsky, chairman of Torex board of directors, said on February 8. “We have reached an agreement, under which our Chinese…
Vostochny Port JSC, Russia’s largest dedicated coal port (run by Port Management Company, PMC LLC), handled about 2 million tons of export coal in January, up by more than 4% YoY (1.8 million tons). In the reporting period the company unloaded 27,200 rolling stock units (+85 units). The share of innovative rail cars with increased…
Azerbaijan plans to restore and restart Ganja Aluminum Plant, Kamran Nabizade, director general of the Azerbaijan Industrial Corporation, said at the corporation’s meeting on February 7. “The goal is to organize the manufacture of primary and final aluminum products,” Nabizade said. “This will make it possible to increase competitiveness of the aluminum production sphere and…
In 2018 Anglo Asian Mining intends to obtain 78-84 thousand ounces of gold equivalent. According to the company statement, gold will amount to 64-70 thousand ounces. Copper will reach 2.1-2.3 thousand tons. The company expects gold price to be $1.25 thousand per ounce, silver – $17 per ounce and copper – $6.8 thousand per ton.…
This year the Mine named after Matrosov, which develops Natalkinskoye gold-ore deposits in Kolyma, intends to mine 5 tons of gold. Since the beginning of the year the mine has already yielded 260 kg. To meet the target, the enterprise will have to process 9 million tons of ore and 15 million tons of rock.…
According to the Ministry of Economy, in 2017 Uzbekistan consumed 4.8 million tons of coal. The needs have been completely covered. As the coal consumption grows with the increase of the population, a program for coal industry development has been approved. It envisages both new construction and modernization of existing capacities. Coal output is expected…
ArcelorMittal Kriviy Rih is still among companies with the least industrial injury rate in the AM Group in 14 countries (2nd place) and mining and metallurgical companies of Ukraine. In 2017 the rate decreased to 0.37 from 0.41 in 2016. Last year the number of injuries resulting in the loss of working days among the…
In January Ukraine increased revenue from ferrous metals exports by 33.4% YoY, to $873.35 million. According to the State Fiscal Service, ferrous metals accounted for 23.45% of the total exports in the period, up from 21.64% last January. In December 2017 revenue from ferrous metals exports totaled $817.37 million. At the same time ferrous metals…