The Yuzhural Group of Companies has sold the Darasun Mine LLC with a large discount – just for $1 million. At present the mine is not operating. UGK bought the mine in October 2007 from Highland Gold Mining Ltd for $15 million after a fire that in September 2006 claimed the lives of 25 miners.…
In the city of Ussuriysk, Lider Stal Vostok LLC has opened a new manufacture of coil steel with polymer coating. At the works, employing 20 people, the steel imported from China is cleaned, polished, cut, coated and coiled again. Investments into the project totaled 58 million rubles. The capacity of the enterprise is some 80…
Sininda-1 LLC, a daughter company of Seligdar, has finished restoration of the factory at the Nerundinskoye deposits in the republic of Buryatia. The first 600 g of gold have been produced at the factory as of September 18. The factory will reach its full capacity of 8 thousand tons of ore per month (100 thousand…
In August prices of industrial manufacturers increased by 1.5% after a drop of 0.5% in July and 0.3% in June. In January-August prices increased by 2.4% YoY. According to the Federal Service of State Statistics, copper prices grew by 6.8%, other non-ferrous metals – by 5.9%, lead, zinc and tin – by 4.1, pig iron,…
In January-August Zabaikalye region mined 1077 tons of tungsten, down by 9.3% YoY. Two companies mine for tungsten in the region: Novoorlovsky Mining and Processing Works and Bom-Gorkhonsky Mine LLC. Novoorlovsky GOK provided for 96% of the total tungsten output, with Bom-Gorkhonsky Mine yielding just 4%. In 2016 the region obtained 1700 tons of tungsten,…
According to the regional department of coal industry the output is up by 11.3 million tons, or by 7.6% YoY. Coking coal share is 41.9 million tons, power-generating coal – 117.6 million tons. Razrez Kiyzasskiy LLC increased output by 1.9 million tons, Stroyservis – by 1.4 million tons, Kuzbassrazrezugol – by 1.3 million tons, Raspadskaya…
As of today Magadan region has obtained over 21 tons of precious metals (gold as well as silver, calculated into gold), up by 3 tons YoY. Alluvial share is 12 tons, and ore share – 9 tons. This year the region has to provide 31 tons of precious metals. (Ukrainian metal)
Kazzinc, one of the main producers of manganese concentrate in Kazakhstan, has signed an agreement with OMT (Russia) for the manufacture of a rock transportation system for Zhairem Mining and Processing Works. The system includes 33 belt conveyers of various sizes with the capacity of 5-2.08 thousand tons per hour. The total length of the…