The Abagurskaya Processing Factory of Evrazruda has started the project to increase the milling site output. Four ball mills will be replaced with more efficient ones, and another mill will be added. Assembly work will end in summer 2018. Investments will total 140 million rubles. Modernization will increase the milling of the primary concentrate by…
PJSC MMC Norilsk Nickel announces the signing of a 5-year $2.5 billion facility agreement with the syndicate of international financial institutions. Taking advantage of the current market conditions the company achieved favorable terms of the syndicated loan supported by the considerable demand from a number of American, European and Asian banks. The proceeds will be…
The Cabinet of Ministers has provided the state enterprises Pervomayskugol, Selidovugol, Toretskugol and the Mine named after Surgay with state guarantees on loans for investment projects. The state guarantee is given to cover the main sum, interest and commissions. The payment for the state guarantee is 0.001% of the volume unpaid. Pervomayskugol borrows 276.21 million…
In January-October Russia supplied 2.9 million tons of steel products to Taiwan, up by 15.5% YoY and the highest result in the history of deliveries there. Semi-finished products of non-alloyed steel account for 90% of all exports. Taiwan’s share in Russia’s exports has reached 23%. Bars and sections account for around 7% of the exports.…
In January-October Russia exported 200.8 thousand tons of rails, up by 19% and the highest result in the past 7 years. Pakistan was the main importer of Russian rails – 39.4 thousand tons, up 6-fold. Belarus imported 31.4 thousand tons, up 2.4-fold, followed by South Korea (21.8 thousand tons, up by 75%). For the first…
The Prime Minister of Ukraine Vladimir Groysman supports the finishing of the Novovolynskaya Mine No. 10 construction in Volyn region. “The mine has to be constructed. That’s some 400-500 million UAH”, he said. The construction began in late 1980-s, and was actively resumed in December 2007. As of early 2013 the construction was 87% complete,…
An expert, Doctor of Technical Sciences Duyshenbek Kamchybekov, said why Kyrgyzstan should not agree to 100% share in Kumtor Gold Company CJSC. According to him, the reserves at the mine will be depleted in the near future. “Mining works will be completed by 2023. While Kumtor has been working since 1997, thanks to its money,…
ArcelorMittal Kriviy Rih has finished the construction of the first stage of the Centralnoye tailings pond. According to the company statement, the pond is used to store empty ore and processing waste. The volume of the pond is 13.8 million cubic meters. The project cost is $10.7 million. AMKR also uses two more tailings ponds…
