The State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan denied Kyrgyzaltyn OJSC the licenses for the development of gold deposits. Kyrgyzaltyn OJSC received a refusal on placer gold deposits of Sary-Jel and Kumbel in Naryn region. In addition, Altyn Tash Company LLC (Pervenets) and ACC Tash (Verkhnekeminsky ore field area) also were denied…
Miners were rescued after almost two days in Jergalan, the sister of the miner Akbermet Dorgoeva reported. Information was also confirmed in the office of government’s permanent representative in the region. “Rescuers reached the miners and brought them to the surface, they are safe and sound. They spent almost two days under the rubble and…
The board of directors of Russia’s Magnitogorsk Iron and Steel Works (MMK) has recommended paying 1.242 rubles per share, or a total of about 13.879 billion rubles in dividends for 2016, the company said in a statement on April 24. The record date for dividends is set at June 6. The shareholders will discuss the…
Russia gold producer Polyus increased gold output by 17% YoY, to 450,000 ounces in January-March, the company said in a statement on April 24. Income from sales rose by 19% YoY, to $600 million, with an average sales price of $1,258 per ounce, 3% higher than the London Bullion Market Association (LBMA) spot price. (Prime/Ukrainian…
Volnogorsk Mining and Metallurgical Combine, a part of the United Mining and Chemical Company, has ordered the Imex Minerals LLC the development of the mined rock at 83.85 million UAH. This year the company will have to develop some 2.15 million cubic meters of rock with delivery to 2.5 km valued at 30 UAH per…
Lisichanskugol has ordered the Promtorg Company LLC the delivery of filtering equipment valued at 8.06 million UAH. This year the miners will receive 300 self-rescuers at 8326 UAH apiece and 2 thousand chargers to training self-rescuers at 2781 UAH apiece. In open sources the self-rescuers are almost twice cheaper. Last year Lisichanskugol bought the chargers…
The Lviv regional state administration reports the receipt of 5.69 million UAH by the state enterprise Lvivugol to open new long faces and buy equipment to modernize mines in 2017. At present three new long faces are being prepared to be put into operation. It is expected that they will start working in July, increasing…
In January-March RUSAL produced 910 thousand tons of aluminum, down by 2.1% QoQ. Sales reached 985 thousand tons, up by 6.8% QoQ. Value-added products amounted to 436 thousand tons in the total sales, up by 7.8%. The average price in Q1 increased by 8.3% QoQ, to $1949 per ton. Alumina output in January-March totaled 1889…